TAPTON ESTATES LTD 31/12/2024 iXBRL

Company registration number: 00482023

TAPTON ESTATES LTD

Trading as Tapton Estates Ltd

Unaudited financial statements

31 December 2024

TAPTON ESTATES LTD

Contents

Directors and other information

Directors report

Statement of income and retained earnings

Statement of financial position

Notes to the financial statements

TAPTON ESTATES LTD

Directors and other information


	Directors	Mr Malcolm Heald


	Secretary	MB HEALD


	Company number	00482023


	Registered office	Horseshoe Hill House
		Littleworth Common
		Bucks
		SL1 8QE


	Business address	Horseshoe Hill House
		Littleworth Common
		Bucks
		SL1 8QE

TAPTON ESTATES LTD

Directors report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024.

Directors

The directors who served the company during the year were as follows:

Mr Malcolm Heald

Particulars of recommended dividends are detailed in note 5 to the unaudited financial statements.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 17 September 2025 and signed on behalf of the board by:

Mr Malcolm Heald

Director

TAPTON ESTATES LTD

Statement of income and retained earnings

Year ended 31 December 2024

		2024	2023
	Note	£	£


Turnover		-	-
Cost of sales		-	-
Administrative expenses		( 20,956)	( 19,663)
		_______	_______
Operating loss		( 20,956)	( 19,663)

Gain on financial assets at fair value through profit or loss		280,130	141,694
Income from participating interests		34,179	23,648
Other interest receivable and similar income		15,635	13,018
Profit before taxation	4	308,988	158,697

Tax on profit		( 4,300)	-
		_______	_______
Profit for the financial year and total comprehensive income		304,688	158,697
		_______	_______

Retained earnings at the start of the year		327,571	168,873
		_______	_______
Retained earnings at the end of the year		632,259	327,570
		_______	_______

All the activities of the company are from continuing operations.

TAPTON ESTATES LTD

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Investments	6	2,721,235		2,549,552
		_______		_______
			2,721,235		2,549,552

Current assets
Debtors	7	5,662,116		5,652,521
Cash at bank and in hand		187,629		59,918
		_______		_______
		5,849,745		5,712,439
Creditors: amounts falling due
within one year		( 12,112)		( 7,812)
		_______		_______
Net current assets			5,837,633		5,704,627
			_______		_______
Total assets less current liabilities			8,558,868		8,254,179

			_______		_______
Net assets			8,558,868		8,254,179
			_______		_______

Capital and reserves
Called up share capital			5,800,397		5,800,397
Share premium account			2,126,212		2,126,212
Profit and loss account			632,259		327,570
			_______		_______
Shareholder funds			8,558,868		8,254,179
			_______		_______

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.

Directors responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr Malcolm Heald

Director

Company registration number: 00482023

TAPTON ESTATES LTD

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Horseshoe Hill House, Littleworth Common, Bucks, SL1 8QE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2024	2023
	£	£
Fair value adjustments to financial assets measured at fair value through profit or loss	(266,822)	(146,374)
	_______	_______

5. Dividends

6. Investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 1 January 2024	2,549,552	2,549,552
Additions	398,214	398,214
Disposals	( 493,353)	( 493,353)
Revaluations	266,822	266,822
	_______	_______
At 31 December 2024	2,721,235	2,721,235
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	2,721,235	2,721,235
	_______	_______
At 31 December 2023	2,549,552	2,549,552
	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	1,514	-
Amounts owed by group undertakings and undertakings in which the company has a participating interest	5,660,602	5,648,589
Other debtors	-	3,932
	_______	_______
	5,662,116	5,652,521
	_______	_______

8. Controlling party

The conpany's ultimate holding company is Summerley InvestmentsLtd. MB Heald and BJ Heald are deemed to be the controlling parties by virtue of their direct shareholdings.

TAPTON ESTATES LTD

Statement of financial position

31 December 2024

	2024	2023
	£	£

Fixed assets	2,721,235	2,549,552
	_______	_______

Current assets	5,849,745	5,712,439

Creditors: amounts falling due within one year	(7,095)	(2,795)
	_______	_______

Net current assets	5,842,650	5,709,644
	_______	_______

Total assets less current liabilities	8,563,885	8,259,196

Accruals and deferred income	( 5,017)	( 5,017)

	_______	_______
Net assets	8,558,868	8,254,179
	_______	_______

Capital and reserves	8,558,868	8,254,179
	_______	_______