Company Registration No. 10247570 (England and Wales)
Tonge Properties Limited
Unaudited accounts
for the year ended 30 June 2025
Tonge Properties Limited
Unaudited accounts
Contents
Tonge Properties Limited
Company Information
for the year ended 30 June 2025
Directors
Christopher Tonge
Jonquil Tonge
Company Number
10247570 (England and Wales)
Registered Office
14 Whichers Gate Road
Rowlands Caste
PO9 6BB
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Tonge Properties Limited
Statement of financial position
as at 30 June 2025
Tangible assets
3,020
4,059
Investment property
549,267
339,267
Cash at bank and in hand
10,501
8,224
Creditors: amounts falling due within one year
(259,653)
(49,028)
Net current liabilities
(249,152)
(40,804)
Total assets less current liabilities
303,135
302,522
Creditors: amounts falling due after more than one year
(184,512)
(184,512)
Net assets
118,623
118,010
Called up share capital
400
400
Revaluation reserve
82,267
82,267
Profit and loss account
35,956
35,343
Shareholders' funds
118,623
118,010
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Christopher Tonge
Director
Company Registration No. 10247570
Tonge Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
Tonge Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10247570. The registered office is 14 Whichers Gate Road, Rowlands Caste, PO9 6BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2024
7,264
2,414
9,678
At 30 June 2025
7,264
2,414
9,678
At 1 July 2024
3,518
2,101
5,619
Charge for the year
936
103
1,039
At 30 June 2025
4,454
2,204
6,658
At 30 June 2025
2,810
210
3,020
At 30 June 2024
3,746
313
4,059
Fair value at 1 July 2024
339,267
Tonge Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
19,150
19,150
Loans from directors
239,912
29,448
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
184,512
184,512
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(14,390)
(210,463)
-
(224,853)
Directors Loan Account
(15,059)
-
-
(15,059)
(29,449)
(210,463)
-
(239,912)
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).