REGISTERED NUMBER: 07496325 (England and Wales)

Talfa Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Appelbe

Mrs F L Appelbe

A W Appelbe

REGISTERED OFFICE:

3 Westfield Park

Elloughton

East Yorkshire

HU15 1AN

REGISTERED NUMBER:

07496325 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

1,218

1,987

Investments

5

535,261

524,650

Investment property

6

1,131,084

1,131,084

1,667,563

1,657,721

CURRENT ASSETS

Debtors

7

-

41,644

Cash at bank

27,122

26,213

27,122

67,857

CREDITORS

Amounts falling due within one year

8

401,222

410,615

NET CURRENT LIABILITIES

(374,100

)

(342,758

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,293,463

1,314,963

CREDITORS

Amounts falling due after more than one year

9

(600,000

)

(606,050

)

PROVISIONS FOR LIABILITIES

(29,662

)

(29,854

)

NET ASSETS

663,801

679,059

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Revaluation reserve

7,782

7,782

Retained earnings

655,019

670,277

663,801

679,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A J Appelbe - Director

1.	STATUTORY INFORMATION

Talfa Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

3,077

DEPRECIATION

At 1 April 2024

1,090

Charge for year

769

At 31 March 2025

1,859

NET BOOK VALUE

At 31 March 2025

1,218

At 31 March 2024

1,987

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

524,650

Additions

50,611

Disposals

(40,000

)

At 31 March 2025

535,261

NET BOOK VALUE

At 31 March 2025

535,261

At 31 March 2024

524,650

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,131,084

NET BOOK VALUE

At 31 March 2025

1,131,084

At 31 March 2024

1,131,084

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

7,782

Valuation in 2021

76,259

Valuation in 2022

101,006

Cost

946,037

1,131,084

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

946,037

946,037

Investment properties were valued on fair value basis on 31 March 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

41,644

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,055

5,103

Taxation and social security

18,088

16,526

Other creditors

377,079

388,986

401,222

410,615

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

6,050

Other creditors

600,000

600,000

600,000

606,050

Other creditors includes £600,000 (2024 - £600,000) in respect of Preference share capital.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

2025

2024

Value:

£

£

200

A Ordinary shares

£1

200

200

200

B Ordinary shares

£1

200

200

200

C Ordinary shares

£1

200

200

200

D Ordinary share

£1

200

200

200

E Ordinary shares

£1

200

200

11.	RELATED PARTY DISCLOSURES