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REGISTERED NUMBER: 04130043 (England and Wales)













Financial Statements

for the Year Ended 29 September 2024

for

Teesdale South Limited

Teesdale South Limited (Registered number: 04130043)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Teesdale South Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: D I Harriman
J Darragh





SECRETARIES: P Davidson
J Darragh





REGISTERED OFFICE: Mandale House Mandale Park
Urlay Nook Road
Eaglescliffe
Stockton on Tees
TS16 0TA





REGISTERED NUMBER: 04130043 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditor
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Teesdale South Limited (Registered number: 04130043)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 2,430,499 2,430,499

CURRENT ASSETS
Debtors 5 9,395 9,395

CREDITORS
Amounts falling due within one year 6 2,757,736 2,757,736
NET CURRENT LIABILITIES (2,748,341 ) (2,748,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(317,842

)

(317,842

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (317,843 ) (317,843 )
SHAREHOLDERS' FUNDS (317,842 ) (317,842 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





D I Harriman - Director


Teesdale South Limited (Registered number: 04130043)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Teesdale South Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Notwithstanding the net liabilities at 29 September 2024 of £317,842 (2023: £317,842) the financial statements have been prepared on a going concern basis. This basis assumes the continuing support of the company's group companies. The directors have received confirmation of such support from the group companies.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments in subsidiaries/associates
Investments in subsidiaries/associates are measured at cost less impairment.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Teesdale South Limited (Registered number: 04130043)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 September 2023
and 29 September 2024 2,430,499
NET BOOK VALUE
At 29 September 2024 2,430,499
At 29 September 2023 2,430,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owing from group undertakings 149 149
Owing from associated undertakings 9,246 9,246
9,395 9,395

As shown above, debtors include £9,395 (2023: £9,395) owing from group and associated undertakings. Due to liquidity concerns within the property sector generally, and therefore within the group and associated debtor undertakings, the timescale for recovery of these debtor balances is unknown, but considered by the directors to be greater than one year for a significant proportion of these amounts. There are no formal terms of repayment for these balances.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Owing to associated undertakings 50,813 50,813
Owed to group undertakings 2,706,423 2,706,423
Accrued expenses 500 500
2,757,736 2,757,736

As shown above, creditors include £2,757,236 (2023: £2,757,236) owing to associated and group undertakings. The company is dependent upon the support of its group and associated companies with regard to the timing of the payment of these group and associated company creditors. Given the liquidity concerns within the property sector generally, and therefore within the associated and group companies, the timescale for payment of these balances is unknown. The directors consider that this will be more than one year from the balance sheet date. There are no formal terms of payment for these associated and group company balances

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

Teesdale South Limited (Registered number: 04130043)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

9. RELATED PARTY DISCLOSURES

Other related parties - common control
2024 2023
£    £   


Provision of finance

-

296

Balance at year end - debtor 9,246 9,246
Balance at year end - creditor (50,813 ) (50,813 )

The above debtor balance at the year end is net of a bad debt provision of £5,545 (2023 : £5,545).

10. PARENT UNDERTAKING

The immediate and ultimate parent company is Arkgrove Limited. These financial statements are included in the consolidated financial statements of Arkgrove Limited. The parent's registered office address is the same as Teesdale South Limited as detailed on the Company Information page.