Tomaszewski Real Estate Holding Ltd

	Page
Director's Report	1
Consolidated Profit and Loss Account	2
Consolidated Statement of Comprehensive Income	3
Consolidated Balance Sheet	4—5
Company Balance Sheet	6—7
Consolidated Statement of Changes in Equity	8
Notes to the Financial Statements	9—13

The director presents his report and the financial statements for the year ended 31 December 2024.

Directors

The director who held office during the year were as follows:

Mr Bartosz Tomaszewski

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing the financial statements the director is required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Bartosz Tomaszewski

Director

05/09/2025

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Tomaszewski Real Estate Holding Ltd

Consolidated Profit and Loss Account

For The Year Ended 31 December 2024

Consolidated Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		656,557	587,735
Cost of sales		(212,237 )	(133,119 )

GROSS PROFIT		444,320	454,616

Administrative expenses		(28,351 )	(32,724 )

OPERATING PROFIT		415,969	421,892
Profit on revaluation of investment property		118,938	398,542
Income from Shares in group undertakings		15,465	-
Other interest receivable and similar income		189	-
Interest payable and similar charges		(415,091 )	(338,426 )

PROFIT BEFORE TAXATION		135,470	482,008
Tax on Profit		(33,936 )	(117,193 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT		101,534	364,815

The notes on pages 9 to 13 form part of these financial statements.

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Tomaszewski Real Estate Holding Ltd

Consolidated Statement of Comprehensive Income

For The Year Ended 31 December 2024

Consolidated Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	101,534	364,815
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT	101,534	364,815

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Tomaszewski Real Estate Holding Ltd

Consolidated Balance Sheet

As At 31 December 2024

Consolidated Balance Sheet

Registered number: 14143063

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets			-		5,962,272
Investment Properties	4		6,605,736		-
Investments	5		106,931		111

			6,712,667		5,962,383
CURRENT ASSETS
Debtors	6	43,539		42,069
Cash at bank and in hand		120,216		21,784

		163,755		63,853
Creditors: Amounts Falling Due Within One Year	7	(125,380 )		(23,607 )

NET CURRENT ASSETS (LIABILITIES)			38,375		40,246

TOTAL ASSETS LESS CURRENT LIABILITIES			6,751,042		6,002,629

Creditors: Amounts Falling Due After More Than One Year	8		(5,814,272 )		(5,188,556 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(149,501 )		(115,768 )

NET ASSETS			787,269		698,305

CAPITAL AND RESERVES
Called up share capital	9		112		112
Share premium account			125,000		125,000
Profit and Loss Account			662,157		573,193

SHAREHOLDERS' FUNDS			787,269		698,305

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Tomaszewski Real Estate Holding Ltd

Consolidated 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

On behalf of the board

Mr Bartosz Tomaszewski

Director

05/09/2025

The notes on pages 9 to 13 form part of these financial statements.

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Tomaszewski Real Estate Holding Ltd

Company Balance Sheet

As At 31 December 2024

Company Balance Sheet

Registered number: 14143063

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		106,931		111

			106,931		111
CURRENT ASSETS
Cash at bank and in hand		127,333		3,803

		127,333		3,803
Creditors: Amounts Falling Due Within One Year	7	(137,170 )		(550 )

NET CURRENT ASSETS (LIABILITIES)			(9,837 )		3,253

TOTAL ASSETS LESS CURRENT LIABILITIES			97,094		3,364

Creditors: Amounts Falling Due After More Than One Year	8		(77,254 )		88,153

NET ASSETS			19,840		91,517

CAPITAL AND RESERVES
Called up share capital	9		112		112
Share premium account			125,000		125,000
Profit and Loss Account			(105,272 )		(33,595 )

SHAREHOLDERS' FUNDS			19,840		91,517

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Tomaszewski Real Estate Holding Ltd

Company Balance Sheet (continued)

As At 31 December 2024

In accordance with section 408(3) of the Companies Act 2006, the company has not presented its own profit and loss account and the related notes. The company's loss for the year was £(59,107 ) (2023: £(6,183 ) loss).

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Bartosz Tomaszewski

Director

05/09/2025

The notes on pages 9 to 13 form part of these financial statements.

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Tomaszewski Real Estate Holding Ltd

Consolidated Statement of Changes in Equity

For The Year Ended 31 December 2024

Consolidated Statement of Changes in Equity

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	112	115,000	223,432	338,544
Profit for the year and total comprehensive income	-	-	364,815	364,815

Dividends paid	-	-	(15,054)	(15,054)
Arising on shares issued during the period	-	10,000	-	10,000

As at 31 December 2023 and 1 January 2024	112	125,000	573,193	698,305


Profit for the year and total comprehensive income	-	-	101,534	101,534

Dividends paid	-	-	(12,570)	(12,570)

As at 31 December 2024	112	125,000	662,157	787,269

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Tomaszewski Real Estate Holding Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Tomaszewski Real Estate Holding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14143063 . The registered office is 90a Dunsmure Road, London, N16 5JY.

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. Basis Of Consolidation

The group consolidated financial statements include the financial statements of the company and all of its subsidiary undertakings together with the group’s share of the results of associates made up to 31 December 2024.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where the group owns less than 50% of the voting powers of an entity but controls the entity by virtue of an agreement with other investors which give it control of the financial and operating policies of the entity, it accounts for that entity as a subsidiary.

Where a subsidiary has different accounting policies to the group, adjustments are made to those subsidiary financial statements to apply the group’s accounting policies when preparing the consolidated financial statements.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the group holds a long-term interest and where the group has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. The results of associates are accounted for using the equity method of accounting.

Any subsidiary undertakings or associates sold or acquired during the year are included up to, or from, the dates of change of control or change of significant influence respectively.

Where control of a subsidiary is lost, the gain or loss is recognised in the consolidated income statement. The cumulative amounts of any exchange differences on translation, recognised in equity, are not included in the gain or loss on disposal and are transferred to retained earnings. The gain or loss also includes amounts included in other comprehensive income that are required to be reclassified to profit or loss but excludes those amounts that are not required to be reclassified.

Where control of a subsidiary is achieved in stages, the initial acquisition that gave the group control is accounted for as a business combination. Thereafter where the group increases its controlling interest in the subsidiary the transaction is treated as a transaction between equity holders. Any difference between the fair value of the consideration paid and the carrying amount of the non-controlling interest acquired is recognised directly in equity. No changes are made to the carrying value of assets, liabilities or provisions for contingent liabilities.

2.3. Business Combinations

Business combinations are accounted for by applying the purchase method.

The cost of a business combination is the fair value of the consideration given, liabilities incurred or assumed and of equity instruments issued plus the costs directly attributable to the business combination. Where control is achieved in stages the cost is the consideration at the date of each transaction.

Contingent consideration is initially recognised at estimated amount where the consideration is probable and can be measured reliably. Where (i) the contingent consideration is not considered probable or cannot be reliably measured but subsequently becomes probable and measurable or (ii) contingent consideration previously measured is adjusted, the amounts are recognised as an adjustment to the cost of the business combination.

On acquisition of a business, fair values are attributed to the identifiable assets, liabilities and contingent liabilities unless the fair value cannot be measured reliably, in which case the value is incorporated in goodwill. Intangible assets are only recognised separately from goodwill where they are separable and arise from contractual or other legal rights. Where the fair value of contingent liabilities cannot be reliably measured they are disclosed on the same basis as other contingent liabilities.

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Tomaszewski Real Estate Holding Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. 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.

2.5. 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:

2.6. 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.

2.7. 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.

2.8. 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 years and items that are never taxable or deductible. The group'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.

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

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Tomaszewski Real Estate Holding Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Group

Average number of employees, including directors, during the year was: 1 (2023: 1)

Company

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Investment Property

Group

	2024
	£
Fair Value
As at 1 January 2024	5,962,272
Additions	524,526
Fair value adjustments	118,938

As at 31 December 2024	6,605,736

Company

The company had no investment property as at 31 December 2024 or 31 December 2023.

5. Investments

Group

	Unlisted
	£
Cost
As at 1 January 2024	111
Additions	106,820

As at 31 December 2024	106,931

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	106,931

As at 1 January 2024	111

Company

	Unlisted
	£
Cost
As at 1 January 2024	111
Additions	106,820

As at 31 December 2024	106,931

...CONTINUED

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Tomaszewski Real Estate Holding Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	106,931

As at 1 January 2024	111

Investments represent the following wholly owned, UK registered, subsidiaries of the Company as at 31 December 2024:

Name

Alfred Avenue First Estates Ltd

Brownhill First Estates Ltd

Catford First Estates Ltd

Clapton First Estates Ltd

Commercial First Estates Ltd

Elmers End First Estates Ltd

Elmerside First Estates Ltd

Estcourt First Estates Ltd

Sevenoaks First Estates Ltd

Summerstown First Estates Ltd

6. Debtors

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Due within one year
Trade debtors	42,997	42,069	-	-
Other debtors	542	-	-	-

	43,539	42,069	-	-

7. Creditors: Amounts Falling Due Within One Year

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Bank loans and overdrafts	118,698	-	136,620	-
Corporation tax	77	17,557	-	-
Accruals and deferred income	6,605	6,050	550	550

	125,380	23,607	137,170	550

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

	Group		Company
	2024	2023	2024	2023
	£	£	£	£
Bank loans	4,685,274	4,369,865	-	-
Other loans	110,000	85,000	110,000	85,000
Related company loan	-	69,296	-	69,296
Directors loan account	526,955	664,395	484,825	637,839
Amounts owed to related parties	492,043	-	482,875	-

	5,814,272	5,188,556	77,254	(88,153 )

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Tomaszewski Real Estate Holding Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	112	112

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