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Registration number: 07856883

Tallis Property & Investments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Tallis Property & Investments Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Tallis Property & Investments Limited

Company Information

Directors | B J Tallis Mrs SE Tallis

Registered office | Hinton-On-The-Green Evesham Worcestershire WR11 2QT

Accountants | Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Tallis Property & Investments Limited

(Registration number: 07856883)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 4,507 | 4,500
Investment property | 5 | 2,445,000 | 2,105,059
Investments | 6 | 100 | 100
|  | 2,449,607 | 2,109,659
Current assets |  |  |
Debtors | 7 | 570,965 | 505,968
Cash at bank and in hand |  | 12,763 | 19,435
|  | 583,728 | 525,403
Creditors: Amounts falling due within one year | 8 | (281,649) | (187,439)
Net current assets |  | 302,079 | 337,964
Total assets less current liabilities |  | 2,751,686 | 2,447,623
Creditors: Amounts falling due after more than one year | 8 | (1,270,638) | (1,455,933)
Provisions for liabilities |  | (158,479) | (74,681)
Net assets |  | 1,322,569 | 917,009
Capital and reserves |  |  |
Called up share capital |  | 170 | 170
Capital redemption reserve |  | 30 | 30
Other reserves |  | 505,034 | 258,413
Retained earnings |  | 817,335 | 658,396
Shareholders' funds |  | 1,322,569 | 917,009

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2025 and signed on its behalf by:

Tallis Property & Investments Limited

(Registration number: 07856883)
Balance Sheet as at 31 December 2024

......................................... B J Tallis Director

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hinton-On-The-Green
Evesham
Worcestershire
WR11 2QT
United Kingdom

These financial statements were authorised for issue by the Board on 27 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable of rental income from the investment properties held. Rent is invoiced in advance of the rental periods.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Tangible assets

| Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | - | 6,000 | 6,000
Additions | 1,698 | - | 1,698
At 31 December 2024 | 1,698 | 6,000 | 7,698
Depreciation
At 1 January 2024 | - | 1,500 | 1,500
Charge for the year | 566 | 1,125 | 1,691
At 31 December 2024 | 566 | 2,625 | 3,191
Carrying amount
At 31 December 2024 | 1,132 | 3,375 | 4,507
At 31 December 2023 | - | 4,500 | 4,500

5 | Investment properties

| 2024 £
At 1 January | 2,105,059
Fair value adjustments | 339,941
At 31 December | 2,445,000

The investment properties were valued by BNP Paribas Real Estate on 12 February 2025 at open market value. The Directors believe this value to be the same as at 31 December 2024. Had the properties been valued at historic cost this would have been £1,771,622.

6 | Investments

| 2024 £ | 2023 £
Investments in associates | 100 | 100

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Associates | £
Cost
At 1 January 2024 | 100
Provision
Carrying amount
At 31 December 2024 | 100
At 31 December 2023 | 100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2024 | 2023
Associates
Tallis Amos Group Limited |  | Ordinary B Shares | 45% | 45%

Associates
Tallis Amos Group Limited The principal activity of Tallis Amos Group Limited is Sale and maintenance of agricultural machinery.

7 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 1,414 | 540
Amounts owed by related parties | 10 | 372,000 | 310,000
Prepayments |  | 4,044 | 9,714
Other debtors |  | 193,507 | 185,714
|  | 570,965 | 505,968

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 9 | 140,515 | 98,515
Trade creditors |  | - | 5,182
Taxation and social security |  | 2,488 | 2,047
Accruals and deferred income |  | 3,661 | 3,000
Other creditors |  | 134,985 | 78,695
|  | 281,649 | 187,439

Creditors include bank loans and overdrafts which are secured of £29,000 (2023 - £29,000).

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,270,638 | 1,455,933

Creditors include bank loans and overdrafts which are secured of £917,491 (2023 - £948,586).

Tallis Property & Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 920,638 | 955,933
Other borrowings | 350,000 | 500,000
| 1,270,638 | 1,455,933

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 33,200 | 33,200
Other borrowings | 107,315 | 65,315
| 140,515 | 98,515

10 | Related party transactions

Transactions with directors

2023 | At 1 January 2023 £ | Repayments by director £ | At 31 December 2023 £
B J Tallis
Interest bearing loan repayable on demand | 19,106 | (19,106) | -