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REGISTERED NUMBER: 15313592 (England and Wales)















TITHAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

28 NOVEMBER 2023 TO 31 MARCH 2025






TITHAM LIMITED (REGISTERED NUMBER: 15313592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 NOVEMBER 2023 TO 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TITHAM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 NOVEMBER 2023 TO 31 MARCH 2025







DIRECTORS: J T Woolstencroft
Ms S Singh Shaddick





REGISTERED OFFICE: Marlborough House 3rd Floor
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 15313592 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

TITHAM LIMITED (REGISTERED NUMBER: 15313592)

BALANCE SHEET
31 MARCH 2025

Notes £    £   
FIXED ASSETS
Investment property 4 2,393,363

CURRENT ASSETS
Debtors 5 7,204
Cash at bank 13,143
20,347
CREDITORS
Amounts falling due within one year 6 1,144,208
NET CURRENT LIABILITIES (1,123,861 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,269,502

CREDITORS
Amounts falling due after more than one year 7 1,415,000
NET LIABILITIES (145,498 )

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings (145,499 )
SHAREHOLDERS' FUNDS (145,498 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 August 2025 and were signed on its behalf by:





J T Woolstencroft - Director


TITHAM LIMITED (REGISTERED NUMBER: 15313592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 NOVEMBER 2023 TO 31 MARCH 2025

1. STATUTORY INFORMATION

Titham 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


TITHAM LIMITED (REGISTERED NUMBER: 15313592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 NOVEMBER 2023 TO 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,393,363
At 31 March 2025 2,393,363
NET BOOK VALUE
At 31 March 2025 2,393,363

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 7,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,144,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 1,415,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,415,000

TITHAM LIMITED (REGISTERED NUMBER: 15313592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 NOVEMBER 2023 TO 31 MARCH 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,415,000

The bank loans are secured by way of a fixed and floating legal charge over all the assets of the company.

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owes £49,600 to Dicecrown Limited, a company controlled by Mr J T Woolstencroft.

At the balance sheet date, the company owes £522,508 to Mr J T Woolstencroft, a director of the company.

At the balance sheet date, the company owes £572,100 to Ms S Singh Shaddick, a director of the company.