REGISTERED NUMBER: 06457093 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOMSWOOD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J S Aytan

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

06457093 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Investment property

4

459,274

459,274

CURRENT ASSETS

Debtors

5

157,864

149,230

Cash at bank

-

6,469

157,864

155,699

CREDITORS

Amounts falling due within one year

6

511,666

492,865

NET CURRENT LIABILITIES

(353,802

)

(337,166

)

TOTAL ASSETS LESS CURRENT LIABILITIES

105,472

122,108

CREDITORS

Amounts falling due after more than one year

7

49,108

74,091

NET ASSETS

56,364

48,017

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

56,360

48,013

56,364

48,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

J S Aytan - Director

1.	STATUTORY INFORMATION

Tomswood Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

The company's investment property is measured at fair value at each reporting date, with changes in fair value recognised directly in profit or loss for the period in which they arise, in accordance with FRS 102 Section 1A. Fair value is established using observable market data, reflecting recent transaction prices for comparable properties in similar locations and conditions. Where applicable, external independent valuations are obtained to support the fair value assessment. No depreciation is applied to investment properties measured at fair value. Any significant restrictions on the disposal or income realization from the property are disclosed separately, where material, to ensure transparency in reporting.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

459,274

NET BOOK VALUE

At 31 December 2024

459,274

At 31 December 2023

459,274

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,692

6,790

Amounts owed by connected companies

152,172

142,440

157,864

149,230

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

25,440

24,203

Trade creditors

66,235

21,859

Amounts owed to connected companies

174,445

186,945

Taxation and social security

12,925

9,963

Other creditors

232,621

249,895

511,666

492,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

49,108

74,091

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

73,959

73,380

The investment property of the company has been pledged as security under a legal charge agreement. The charge is in favor of the chargee and covers all monies due or to become due from the company to the chargee on any account whatsoever. This includes both current obligations and any future liabilities that may arise.

The secured amount is therefore not limited to a specific value but extends to all debts and financial commitments the company owes or may owe to the chargee.

9.	RELATED PARTY DISCLOSURES