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Company Registration No. 08189946 (England and Wales)
T&B Property Solutions Limited Unaudited accounts for the year ended 31 March 2025
T&B Property Solutions Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
T&B Property Solutions Limited Company Information for the year ended 31 March 2025
Directors
Christina Jane BAKER Monica TOURLAMAIN
Company Number
08189946 (England and Wales)
Registered Office
WINTON HOUSE WINTON SQUARE BASINGSTOKE HAMPSHIRE RG21 8EN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
- 3 -
T&B Property Solutions Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,499,923
2,768,430
Investments
5
3,103
3,103
2,503,026
2,771,533
Current assets
Debtors
6
118,129
118,524
Cash at bank and in hand
341,369
30,582
459,498
149,106
Creditors: amounts falling due within one year
7
(127,310)
(32,822)
Net current assets
332,188
116,284
Total assets less current liabilities
2,835,214
2,887,817
Creditors: amounts falling due after more than one year
8
(1,867,993)
(1,992,992)
Provisions for liabilities
Deferred tax
9
(247,940)
(260,687)
Net assets
719,281
634,138
Capital and reserves
Called up share capital
2
2
Revaluation reserve
743,820
782,061
Profit and loss account
(24,541)
(147,925)
Shareholders' funds
719,281
634,138
For the year ending 31 March 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 1 September 2025 and were signed on its behalf by
Christina Jane BAKER Director Company Registration No. 08189946
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T&B Property Solutions Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
T&B Property Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08189946. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, HAMPSHIRE, RG21 8EN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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T&B Property Solutions Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 1 April 2024
2,762,450
26,236
6,747
2,795,433
Additions
-
4,311
77
4,388
Revaluations
79,523
-
-
79,523
Disposals
(350,000)
(4,294)
-
(354,294)
At 31 March 2025
2,491,973
26,253
6,824
2,525,050
Depreciation
At 1 April 2024
-
22,325
4,678
27,003
Charge for the year
-
982
537
1,519
On disposals
-
(3,395)
-
(3,395)
At 31 March 2025
-
19,912
5,215
25,127
Net book value
At 31 March 2025
2,491,973
6,341
1,609
2,499,923
At 31 March 2024
2,762,450
3,911
2,069
2,768,430
The revaluation reserve of £743,820 relates to the uplift in value of Investments Properties. The directors note that the company’s net asset position is materially supported by this revaluation. The asset is not liquid, and the company’s cash flow position continues to be monitored to ensure the going concern basis remains appropriate.
5
Investments
Other investments
£
Valuation at 1 April 2024
3,103
Valuation at 31 March 2025
3,103
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
118,129
118,192
Other debtors
-
332
118,129
118,524
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,310
-
Other creditors
60,000
32,822
Loans from directors
65,000
-
127,310
32,822
- 6 -
T&B Property Solutions Limited Notes to the Accounts for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
11,666
21,666
Other creditors
1,856,327
1,971,326
1,867,993
1,992,992
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
247,940
260,687
2025
2024
£
£
Provision at start of year
260,687
-
(Credited)/charged to other comprehensive income
(12,747)
260,687
Provision at end of year
247,940
260,687
During the year, the company identified that in prior periods, deferred tax relating to revaluations of property, plant and equipment had not been correctly recognised in accordance with applicable accounting standards. Accordingly, a prior year adjustment has been made to deferred tax and revaluation reserves.
10
Transactions with related parties
There are related party transactions with T&B Property Solutions Kent Limited of which Christina Baker and Monica Tourlamain are the directors and shareholders of. A loan of £118,129 is outstanding and due from T&B Property Solutions Kent Limited,, a related company under common control.
11
Controlling party
The controlling parties are Mrs Christina Baker and Mrs Monica Tourlamain by virtue of their joint shareholding.
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).
13
Reconciliations on adoption of FRS 102
- 7 -