ACCOUNTS - Final Accounts

Registered number: 04470670

TAMITA ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

TAMITA ESTATES LIMITED

COMPANY INFORMATION

Directors	P. S. Sandhu
	S. K. Sandhu


Company secretary	S. K. Sandhu


Registered number	04470670


Registered office	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL


Reporting accountants	Wilder Coe Ltd
	Chartered Accountants
	1st Floor, Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

TAMITA ESTATES LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 7

TAMITA ESTATES LIMITED

REGISTERED NUMBER: 04470670

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
Note		£000		£000

Fixed assets
Tangible assets	4		4,500.0		4,500.0
Investments	5		1,050.0		1,050.0
			5,550.0		5,550.0
Current assets
Debtors: amounts falling due within one year	6	2.4		2.1
Cash at bank and in hand		158.5		47.9
		160.9		50.0
Creditors: amounts falling due within one year	7	(3,403.3)		(3,343.9)
Net current liabilities			(3,242.4)		(3,293.9)
Total assets less current liabilities			2,307.6		2,256.1
Provisions for liabilities
Deferred tax	8	(69.1)		(69.1)
			(69.1)		(69.1)
Net assets			2,238.5		2,187.0

Capital and reserves
Called up share capital		25.0	25.0
Profit and loss account	9	2,213.5	2,162.0
Equity shareholders' funds		2,238.5	2,187.0

Page 1

TAMITA ESTATES LIMITED

REGISTERED NUMBER: 04470670

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2025.

P. S. Sandhu

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

TAMITA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

Tamita Estates Limited (company number: 04470670), having its principal place of business at 1st Floor, 4 Cork Street, London, W1S 3LG, is a private limited company incorporated in England and Wales. Its registered office is at 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Section 1A.7 of Financial Reporting Standard 102 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

2.3

Turnover

Turnover comprises rental income from freehold investment property exclusive of Value Added Tax, and profits earned from fixed asset investments recognised on completion of each development project, to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably.

2.4

Investment property

Investment property is carried at fair value determined annually by Directors 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. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

Page 3

TAMITA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

2.10

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

2.11

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.12

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Page 4

TAMITA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Balance Sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Investment property

		Freehold property
		£000
	Valuation
	At 1 July 2024 and at 30 June 2025	4,500.0

	Net book value
	At 30 June 2024 and at 30 June 2025	4,500.0

Page 5

TAMITA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

5.	Fixed asset investments

		Member loans
		£000
	Cost
	At 1 July 2024 and at 30 June 2025	1,050.0

	Net book value
	At 30 June 2024 and at 30 June 2025	1,050.0

Fixed asset investments comprised participation in mixed-use development projects in London and the South East of England, managed by PPR Estates LLP.

.	Member loans
		Interest	2025	2024
		%	£000	£000

PPR HL1 LLP (Lewisham)	16.0	400.0	400.0
PPR HG1 LLP (Guildford)	15.0	300.0	300.0
PPR HC1 LLP (Chelmsford & Watford)	10.6	350.0	350.0
		1,050.0	1,050.0

Debtors

2025
£000

2024
£000

Due within one year
Trade debtors	-	2.1
Prepayments and accrued income	2.4	-
	2.4	2.1

Page 6

TAMITA ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

7.	Creditors: Amounts falling due within one year
					2025 £000	2024 £000

Bank loans	2,190.0	2,245.0
Trade creditors	2.1	5.5
Corporation tax	13.5	10.0
Other taxation and social security	18.0	16.3
Other creditors	1,150.3	1,050.3
Accruals and deferred income	29.4	16.8
	3,403.3	3,343.9

The bank loan is secured by way of a fixed charge over the properties to which it relates.

8.	Deferred taxation

		2025
		£000

	At beginning of year and at the end of the year	(69.1)

The provision for deferred taxation is made up as follows:
	2025	2024
	£000	£000

Revaluation of investment properties

(69.1)

Reserves

Profit and loss account

Included within the profit and loss account are non-distributable funds of £207,300 (2024: £207,300) which relate to revaluations of investment property and the deferred tax liability thereon.

10.	Related party transactions
	Included within other creditors are amounts due to the shareholders of the Company of £1,150,328 (2024: £1,050,328).

Page 7