Company No: 14063314 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Colin Michael Bury
	Mrs Charlotte Mortimer
	Mr Jonathan Parkinson
	Mrs Christine Smith

REGISTERED OFFICE	37a Church Street
	Barnoldswick
	BB18 5UR
	United Kingdom

COMPANY NUMBER

14063314 (England and Wales)

CHARTERED ACCOUNTANTS	PM+M Solutions for Business LLP
	New Century House
	Greenbank Technology Park
	Challenge Way
	Blackburn
	BB1 5QB

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	11,910		13,553
Tangible assets	4	1,498		0
		13,408		13,553
Current assets
Debtors	5	58,965		15,600
Cash at bank and in hand		22,649		0
		81,614		15,600
Creditors: amounts falling due within one year	6	( 78,643)		( 8,490)
Net current assets		2,971		7,110
Total assets less current liabilities		16,379		20,663
Net assets		16,379		20,663
Capital and reserves
Called-up share capital		200		200
Profit and loss account		16,179		20,463
Total shareholders' funds		16,379		20,663

For the financial year ending 30 April 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Taylforths Residential Limited (registered number: 14063314) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Mr Jonathan Parkinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Taylforths Residential Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 37a Church Street, Barnoldswick, BB18 5UR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	16,428		16,428
At 30 April 2025	16,428		16,428
Accumulated amortisation
At 01 May 2024	2,875		2,875
Charge for the financial year	1,643		1,643
At 30 April 2025	4,518		4,518
Net book value
At 30 April 2025	11,910		11,910
At 30 April 2024	13,553		13,553

4. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 May 2024	0		0
Additions	1,598		1,598
At 30 April 2025	1,598		1,598
Accumulated depreciation
At 01 May 2024	0		0
Charge for the financial year	100		100
At 30 April 2025	100		100
Net book value
At 30 April 2025	1,498		1,498
At 30 April 2024	0		0

5. Debtors

	2025		2024
	£		£
Trade debtors	2,200		0
Amounts owed by Group undertakings	0		16,864
Amounts owed by related parties	49,703		( 1,900)
Other debtors	7,062		636
	58,965		15,600

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	61,347		0
Amounts owed to related parties	12,080		0
Taxation and social security	388		7,135
Other creditors	4,828		1,355
	78,643		8,490

7. Related party transactions

Other related party transactions

At the balance sheet date, amounts owed by Related Parties totalled £37,624 (2024: £14,964). These balances are interest free and repayable on demand