Tin Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09899518

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,401,388		3,396,458
Investments	5		135		135

			3,401,523		3,396,593
CURRENT ASSETS
Debtors	6	25,723		25,288
Cash at bank and in hand		6,692		11,218

		32,415		36,506
Creditors: Amounts Falling Due Within One Year	7	(410,648 )		(447,851 )

NET CURRENT ASSETS (LIABILITIES)			(378,233 )		(411,345 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,023,290		2,985,248

Creditors: Amounts Falling Due After More Than One Year	8		(2,550,992 )		(2,510,954 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(70,911 )		(70,911 )

NET ASSETS			401,387		403,383

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	11		397,947		397,947
Profit and Loss Account			3,340		5,336

SHAREHOLDERS' FUNDS			401,387		403,383

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Tin Properties Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Staegemann

Director

30/06/2025

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

1. General Information

Tin Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09899518 . The registered office is 27 Hollyhedge Road, Hollyhouse, Cobham, Surrey, KT11 3DQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Leasehold	Not depreciated
Plant & Machinery	20% on a reducing balance basis
Fixtures & Fittings	25% on a reducing balance basis
Computer Equipment	25% on a reducing balance basis

2.5. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Tin Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2

	2	2

4. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	46,833	3,340,400	3,347	22,951
Additions	-	-	-	7,826

As at 31 December 2024	46,833	3,340,400	3,347	30,777

Depreciation
As at 1 January 2024	-	-	2,033	16,742
Provided during the period	-	-	264	2,811

As at 31 December 2024	-	-	2,297	19,553

Net Book Value
As at 31 December 2024	46,833	3,340,400	1,050	11,224

As at 1 January 2024	46,833	3,340,400	1,314	6,209


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	3,707	3,417,238
Additions	649	8,475

As at 31 December 2024	4,356	3,425,713

Depreciation
As at 1 January 2024	2,005	20,780
Provided during the period	470	3,545

As at 31 December 2024	2,475	24,325

Net Book Value
As at 31 December 2024	1,881	3,401,388

As at 1 January 2024	1,702	3,396,458

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Tin Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	135

As at 31 December 2024	135

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	135

As at 1 January 2024	135

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,125	-
Prepayments and accrued income	642	476
Other debtors	21,852	23,708
Corporation tax recoverable assets	1,104	1,104

	25,723	25,288

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	939	3,810
Other taxes and social security	337	292
Tenant deposits	11,125	11,125
Other creditors (1)	95,550	97,550
Other creditors (2)	10,000	10,000
Other creditors (3)	5,500	5,500
Directors' loan accounts	287,197	319,574

	410,648	447,851

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	2,550,992	2,490,954
Other creditors	-	20,000

	2,550,992	2,510,954

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Tin Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	2,533,667		2,464,287

10. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.000 each	100	100

11. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	397,947

As at 31 December 2024	397,947

12. Related Party Transactions

Within other creditors due within 1 year is an amount of £7,500 (2023: £12,500) owed to Cyceco Limited. Robert Staegemann is a director in both companies.

13. Ultimate Controlling Party

The company's ultimate controlling party is Robert Stageman by virtue of his ownership of 55% of the issued share capital in the company.

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