REGISTERED NUMBER: 10864453 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TMT PROPERTY INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mr T M Traynor

Mrs L J Traynor

REGISTERED OFFICE:

Kingfisher Court

Yew Street

Stockport

SK4 2HG

REGISTERED NUMBER:

10864453 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

-

22,807

Investment property

5

5,563,824

6,650,359

5,563,824

6,673,166

CURRENT ASSETS

Debtors

6

657,853

507,420

Cash at bank

537,500

569,388

1,195,353

1,076,808

CREDITORS

Amounts falling due within one year

7

2,589,530

5,586,901

NET CURRENT LIABILITIES

(1,394,177

)

(4,510,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,169,647

2,163,073

CREDITORS

Amounts falling due after more than one year

8

(1,149,914

)

(1,208,494

)

PROVISIONS FOR LIABILITIES

(157,700

)

(157,700

)

NET ASSETS

2,862,033

796,879

CAPITAL AND RESERVES

Called up share capital

10

2,500,100

100

Revaluation reserve

11

473,200

473,200

Retained earnings

(111,267

)

323,579

SHAREHOLDERS' FUNDS

2,862,033

796,879

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr T M Traynor - Director

1.	STATUTORY INFORMATION

TMT Property Investment 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.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principle accounting policies adopted are set out below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from rentals of property, plant and machinery are recognised when the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles - 25% reducing balance

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

Investment property

Investment property, which is property held on earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit and loss.

Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be

recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets,which include debtors and 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Employment benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are

received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

25,341

Disposals

(25,341

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

2,534

Eliminated on disposal

(2,534

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

22,807

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

6,650,359

Additions

1,827

Disposals

(1,088,362

)

At 31 December 2024

5,563,824

NET BOOK VALUE

At 31 December 2024

5,563,824

At 31 December 2023

6,650,359

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

5,400

-

Other debtors

652,453

507,420

657,853

507,420

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts (see note 9)

58,943

53,079

Trade creditors

4,434

467

Amounts owed to group undertakings

1,483,437

4,159,375

Taxation and social security

2,705

211,702

Other creditors

1,040,011

1,162,278

2,589,530

5,586,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans (see note 9)

1,149,914

1,208,494

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

914,714

957,485

9.

LOANS

The bank loans and overdrafts are secured.

There is a first legal charge from TMT Property Investment Limited over the freehold land and buildings at

Kingfisher Court, Yew Street, Stockport, SK4 2HG.

There is also an omnibus guarantee and set off agreement between TMT Property Investment Limited, TMT

Commercial Contractors Limited and TMT Group Holdings Limited together with such other security as the

Bank may hold in respect of the debts and liabilities of any guarantor to the Bank.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

2,500,100

Ordinary

£1

2,500,100

100

2,500,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

473,200

12.	RELATED PARTY DISCLOSURES

At 31st December 2024 the company was owed a sum of £72,668 (2023: £118,003) from Mr T M Traynor. This sum was repaid within nine months of the financial year end.

At 31st December 2024, Mrs L J Traynor owed the company £Nil. Her loan outstanding at 31st December 2023: £17,279 had been fully repaid within nine months of the year end.

During the period rents of £376,450 (2023: £426,450) were receivable from TMT Commercial Contractors

Limited, a related party in which Mr T M Traynor is also a director. The rents were in respect of Watson House and Kingfisher Court and were payable under the terms of the lease. The rent charged is at full market value.

13.	IMMEDIATE CONTROL

The company is under the immediate control of TMT Investment Holdings Limited.

14.	ULTIMATE CONTROL

The company is under the ultimate control of Mr T M Traynor and Mrs L J Traynor.