TCA Freeholds Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12052110

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		9,750,000		9,750,000

			9,750,000		9,750,000
CURRENT ASSETS
Stocks	5	13,597,009		-
Debtors	6	655,762		(1,046,676 )
Cash at bank and in hand		193,093		109,429

		14,445,864		(937,247 )
Creditors: Amounts Falling Due Within One Year	7	(11,197,337 )		(180,490 )

NET CURRENT ASSETS (LIABILITIES)			3,248,527		(1,117,737 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,998,527		8,632,263

Creditors: Amounts Falling Due After More Than One Year	8		(6,050,000 )		(6,250,000 )

NET ASSETS			6,948,527		2,382,263

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			6,948,427		2,382,163

SHAREHOLDERS' FUNDS			6,948,527		2,382,263

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TCA Freeholds Ltd

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 Patrick McGrath

Director

26th June 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

TCA Freeholds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12052110 . The registered office is 137-139 High Street, Beckenham, Beckenham, Kent, BR3 1AG.

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. 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.

2.3. 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.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

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

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 years 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: 3)

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TCA Freeholds Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	9,750,000

5. Stocks

	2024	2023
	£	£
Work in progress	13,597,009	-

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	72,899	97,177
Other debtors	486,472	(1,240,244)

	559,371	(1,143,067 )
Due after more than one year
Other debtors	96,391	96,391

	655,762	(1,046,676 )

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,756,396	22,057
Other creditors	4,440,941	149,263
Taxation and social security	-	9,170

	11,197,337	180,490

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

	2024	2023
	£	£
Bank loans	6,050,000	6,250,000

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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