IRIS Accounts Production v25.2.0.378 01544772 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 true false true false false true false Fair value model Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01544772 2024-03-31 01544772 2025-03-31 01544772 2024-04-01 2025-03-31 01544772 2023-03-31 01544772 2023-04-01 2024-03-31 01544772 2024-03-31 01544772 ns15:EnglandWales 2024-04-01 2025-03-31 01544772 ns14:PoundSterling 2024-04-01 2025-03-31 01544772 ns10:Director1 2024-04-01 2025-03-31 01544772 ns10:Director2 2024-04-01 2025-03-31 01544772 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01544772 ns10:SmallEntities 2024-04-01 2025-03-31 01544772 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01544772 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01544772 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01544772 ns10:FullAccounts 2024-04-01 2025-03-31 01544772 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01544772 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 01544772 ns10:OrdinaryShareClass3 2024-04-01 2025-03-31 01544772 ns10:OrdinaryShareClass4 2024-04-01 2025-03-31 01544772 ns10:Director5 2024-04-01 2025-03-31 01544772 ns10:CompanySecretary1 2024-04-01 2025-03-31 01544772 ns10:RegisteredOffice 2024-04-01 2025-03-31 01544772 ns5:CurrentFinancialInstruments 2025-03-31 01544772 ns5:CurrentFinancialInstruments 2024-03-31 01544772 ns5:Non-currentFinancialInstruments 2025-03-31 01544772 ns5:Non-currentFinancialInstruments 2024-03-31 01544772 ns5:ShareCapital 2025-03-31 01544772 ns5:ShareCapital 2024-03-31 01544772 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01544772 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01544772 ns5:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 01544772 ns5:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 01544772 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 01544772 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 01544772 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01544772 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01544772 ns5:PlantMachinery 2024-04-01 2025-03-31 01544772 ns5:MotorVehicles 2024-04-01 2025-03-31 01544772 ns5:ComputerEquipment 2024-04-01 2025-03-31 01544772 ns5:LeaseholdImprovements 2024-03-31 01544772 ns5:PlantMachinery 2024-03-31 01544772 ns5:MotorVehicles 2024-03-31 01544772 ns5:ComputerEquipment 2024-03-31 01544772 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 01544772 ns5:LeaseholdImprovements 2025-03-31 01544772 ns5:PlantMachinery 2025-03-31 01544772 ns5:MotorVehicles 2025-03-31 01544772 ns5:ComputerEquipment 2025-03-31 01544772 ns5:LeaseholdImprovements 2024-03-31 01544772 ns5:PlantMachinery 2024-03-31 01544772 ns5:MotorVehicles 2024-03-31 01544772 ns5:ComputerEquipment 2024-03-31 01544772 ns5:CostValuation 2024-03-31 01544772 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01544772 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01544772 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 01544772 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 01544772 ns10:OrdinaryShareClass1 2025-03-31 01544772 ns10:OrdinaryShareClass2 2025-03-31 01544772 ns10:OrdinaryShareClass3 2025-03-31 01544772 ns10:OrdinaryShareClass4 2025-03-31 01544772 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31

REGISTERED NUMBER: 01544772 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| TUFTREE LIMITED |

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| TUFTREE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | J E A Shaddick

| Mrs M C Shaddick

| Mrs F Shaddick

| SECRETARY: | J E A Shaddick

| REGISTERED OFFICE: | 2 The Links

| HERNE BAY

| Kent

| CT6 7GQ

| BUSINESS ADDRESS: | Updown House

| Ramsgate Road

| MARGATE

| Kent

| CT9 4DT

| REGISTERED NUMBER: | 01544772 (England and Wales)

| ACCOUNTANTS: | McCabe Ford Williams

| Chartered Accountants

| 2 The Links

| HERNE BAY

| Kent

| CT6 7GQ

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 106,123 |  | 124,730 |  |

Investments | 6 | 75,308 |  | 75,308 |  |

Investment property | 7 | 4,685,842 |  | 6,987,932 |  |

4,867,273 |  | 7,187,970 |  |

CURRENT ASSETS

Debtors | 8 | 2,859,014 |  | 1,930,560 |  |

Cash at bank and in hand | 409,517 |  | 301,311 |  |

3,268,531 |  | 2,231,871 |  |

CREDITORS

Amounts falling due within one year | 9 | 649,365 |  | 421,391 |  |

NET CURRENT ASSETS | 2,619,166 |  | 1,810,480 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 7,486,439 |  | 8,998,450 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (400,000 | ) | (700,000 | ) |

PROVISIONS FOR LIABILITIES | (402,471 | ) | (406,424 | ) |

NET ASSETS | 6,683,968 |  | 7,892,026 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1,972 |  | 1,972 |  |

Other reserves | 8,755 |  | 8,755 |  |

Merger reserve | 980,853 |  | 980,853 |  |

Fair value reserve | 12 | 1,577,315 |  | 2,255,672 |  |

Retained earnings | 4,115,073 |  | 4,644,774 |  |

SHAREHOLDERS' FUNDS | 6,683,968 |  | 7,892,026 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

BALANCE SHEET - continued

31ST MARCH 2025

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 30th September 2025 and were signed on its behalf by:

Mrs M C Shaddick - Director

J E A Shaddick - Director

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Tuftree 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the amounts received in respect of rents and services supplied.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and equipment | - | 15% on reducing balance and 7.5% on cost

| Motor vehicles | - | 25% on reducing balance

| Office equipment | - | 15% on reducing balance

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

| Going concern

| The accounts have been prepared on the assumption that the company is able to carry on business as a going concern. The assumption is based on the fact that the company has positive working capital, and in addition, access to bank borrowings if required to meet short term working capital needs.

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 5 ) .

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Motor |  | Office |

| property |  | equipment |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st April 2024 |

| and 31st March 2025 | 92,984 |  | 174,459 |  | 28,831 |  | 2,427 |  | 298,701 |  |

| DEPRECIATION

| At 1st April 2024 | 18,479 |  | 145,774 |  | 8,408 |  | 1,310 |  | 173,971 |  |

| Charge for year | 7,439 |  | 5,895 |  | 5,106 |  | 167 |  | 18,607 |  |

| At 31st March 2025 | 25,918 |  | 151,669 |  | 13,514 |  | 1,477 |  | 192,578 |  |

| NET BOOK VALUE

| At 31st March 2025 | 67,066 |  | 22,790 |  | 15,317 |  | 950 |  | 106,123 |  |

| At 31st March 2024 | 74,505 |  | 28,685 |  | 20,423 |  | 1,117 |  | 124,730 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1st April 2024

| and 31st March 2025 | 75,308 |  |

| NET BOOK VALUE

| At 31st March 2025 | 75,308 |  |

| At 31st March 2024 | 75,308 |  |

| Cost or valuation at 31st March 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 75,308 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st April 2024 | 6,987,932 |  |

| Additions | 16,703 |  |

| Disposals | (1,800,000 | ) |

| Revaluations | (518,793 | ) |

| At 31st March 2025 | 4,685,842 |  |

| NET BOOK VALUE

| At 31st March 2025 | 4,685,842 |  |

| At 31st March 2024 | 6,987,932 |  |

| In the opinion of the directors the above freehold investment properties has a minimum open market value on existing use basis of £4,685,842 at 31st March 2025. (2024: £6,987,932).

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

7. | INVESTMENT PROPERTY - continued

| Fair value at 31st March 2025 is represented by:

£ |

| Valuation in 2025 | 4,685,842 |  |

| If freehold investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 2,695,576 |  | 4,330,576 |  |

| Freehold investment property was valued on an open market basis on 31st March 2025 by the directors .

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,475 |  | - |  |

| Amounts owed by group undertakings | 2,406,850 |  | 1,615,337 |  |

| Other debtors | 443,543 |  | 306,610 |  |

| Prepayments | 7,146 |  | 8,613 |  |

2,859,014 |  | 1,930,560 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 5,837 |  | 6,548 |  |

| Other creditors | 174,133 |  | 8,963 |  |

| Creditors and accruals | 12,977 |  | 12,712 |  |

| Directors' loan accounts | 456,418 |  | 393,168 |  |

649,365 |  | 421,391 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans - 2-5 years | 400,000 |  | 700,000 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,969 | Ordinary | £1 | 1,969 |  | 1,969 |  |

| 1 | Ordinary A | £1 | 1 |  | 1 |  |

| 1 | Ordinary B | £1 | 1 |  | 1 |  |

| 1 | Ordinary C | £1 | 1 |  | 1 |  |

1,972 |  | 1,972 |  |

| TUFTREE LIMITED (REGISTERED NUMBER: 01544772) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

12. | RESERVES

| Fair

| value

| reserve

£ |

| At 1st April 2024 | 2,255,672 |  |

| Transfer | (678,357 | ) |

| At 31st March 2025 | 1,577,315 |  |

| Merger Reserve |

| The reserve represents an undistributable reserve arising on the transfer of freehold investment properties from Shaddick & Co Limited, a whole owned subsidiary, and Kelldown Limited an associated company. The reserve will become distributable only when the relevant properties are sold.