Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282024-03-01falsefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04810385 2024-03-01 2025-02-28 04810385 2023-03-01 2024-02-29 04810385 2025-02-28 04810385 2024-02-29 04810385 c:CompanySecretary1 2024-03-01 2025-02-28 04810385 c:Director1 2024-03-01 2025-02-28 04810385 c:Director2 2024-03-01 2025-02-28 04810385 c:RegisteredOffice 2024-03-01 2025-02-28 04810385 d:FreeholdInvestmentProperty 2025-02-28 04810385 d:FreeholdInvestmentProperty 2024-02-29 04810385 d:FreeholdInvestmentProperty 2 2024-03-01 2025-02-28 04810385 d:CurrentFinancialInstruments 2025-02-28 04810385 d:CurrentFinancialInstruments 2024-02-29 04810385 d:Non-currentFinancialInstruments 2025-02-28 04810385 d:Non-currentFinancialInstruments 2024-02-29 04810385 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 04810385 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04810385 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 04810385 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 04810385 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-02-28 04810385 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 04810385 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-02-28 04810385 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 04810385 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-02-28 04810385 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 04810385 d:ShareCapital 2025-02-28 04810385 d:ShareCapital 2024-02-29 04810385 d:RetainedEarningsAccumulatedLosses 2025-02-28 04810385 d:RetainedEarningsAccumulatedLosses 2024-02-29 04810385 c:FRS102 2024-03-01 2025-02-28 04810385 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04810385 c:FullAccounts 2024-03-01 2025-02-28 04810385 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04810385 6 2024-03-01 2025-02-28 04810385 f:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Company registration number: 04810385







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2025


TILLEY HOLDINGS LIMITED






































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TILLEY HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
A Tilley 
L D Tilley 




Company secretary
L D Tilley



Registered number
04810385



Registered office
8 - 10 Portsmouth Road
Cosham

Portsmouth

Hampshire

PO6 2AE




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


TILLEY HOLDINGS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


TILLEY HOLDINGS LIMITED
REGISTERED NUMBER:04810385



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
1,790,000
1,815,000

  
1,790,000
1,815,000

Current assets
  

Cash at bank and in hand
  
61,963
28,675

  
61,963
28,675

Creditors: amounts falling due within one year
 5 
(655,769)
(509,226)

Net current liabilities
  
 
 
(593,806)
 
 
(480,551)

Total assets less current liabilities
  
1,196,194
1,334,449

Creditors: amounts falling due after more than one year
 6 
(527,506)
(651,270)

Provisions for liabilities
  

Deferred tax
  
(73,181)
(100,567)

  
 
 
(73,181)
 
 
(100,567)

Net assets
  
595,507
582,612

Page 1

 


TILLEY HOLDINGS LIMITED
REGISTERED NUMBER:04810385


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
595,404
582,509

  
595,507
582,612


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 June 2025.




................................................
A Tilley
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TILLEY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Tilley Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company information page.
The presentation currency in the accounts is GBP rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 


TILLEY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2024
1,815,000


Surplus on revaluation
(25,000)



At 28 February 2025
1,790,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.



At 28 February 2025




Page 4

 


TILLEY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
6,526
6,300

Amounts owed to group undertakings
645,849
500,145

Corporation tax
613
-

Other creditors
6
6

Accruals and deferred income
2,775
2,775

655,769
509,226



6.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
527,506
651,270

527,506
651,270


Page 5

 


TILLEY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

7.


Loans


Analysis of the maturity of loans is given below:


28 February
29 February
2025
2024
£
£

Amounts falling due within one year

Bank loans
6,526
6,300


6,526
6,300

Amounts falling due 1-2 years

Bank loans
6,526
6,300


6,526
6,300

Amounts falling due 2-5 years

Bank loans
19,578
18,900


19,578
18,900

Amounts falling due after more than 5 years

Bank loans
501,402
626,070

501,402
626,070

534,032
657,570



8.


Secured debts

The mortgage lenders hold fixed and floating charges over the undertaking, it's subsidiaries and all property and assets present and future including goodwill, book debts and the benefits of any licences.
The bank loans are secured by fixed charges over the Investment properties.


9.


Parent company

The Company is wholly owned by Tilley Investments Limited, a company based in the United Kingdom. Ther egistered address of Tilley Investments Limited is: 8-10 Portsmouth Road, Cosham, Portsmouth, Hampshire, England, PO6 2AE.

 
Page 6