REGISTERED NUMBER: 01647624 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

TWENTY TEN PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R M M Senior

Mrs J Senior

Miss P Senior

Mrs H Senior

Mrs K Robinson

Miss S Senior

SECRETARY:

Mr R M M Senior

REGISTERED OFFICE:

Unit 7-8 Manor Court

Eastfield

Scarborough

North Yorkshire

YO11 3TU

REGISTERED NUMBER:

01647624 (England and Wales)

FIXED ASSETS

Tangible assets

4

177

877

Investments

5

862,214

802,971

Investment property

6

1,150,000

1,150,000

2,012,391

1,953,848

CURRENT ASSETS

Debtors

7

34,216

38,230

Cash at bank

60,681

80,569

94,897

118,799

CREDITORS

Amounts falling due within one year

8

125,798

104,466

NET CURRENT (LIABILITIES)/ASSETS

(30,901

)

14,333

TOTAL ASSETS LESS CURRENT LIABILITIES

1,981,490

1,968,181

PROVISIONS FOR LIABILITIES

7,518

9,278

NET ASSETS

1,973,972

1,958,903

CAPITAL AND RESERVES

Called up share capital

11,100

11,100

Retained earnings

1,962,872

1,947,803

SHAREHOLDERS' FUNDS

1,973,972

1,958,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 1 October 2025 and were signed on its behalf by:

Mrs J Senior - Director

1.	STATUTORY INFORMATION

Twenty Ten Properties 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 as modified by the revaluation of certain assets.

Going concern

The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates

In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies

The company includes investment property at fair value, which management calculate by reference to market evidence of transaction values for similar property.

Critical accounting estimates and assumptions

The directors do not consider that any estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover comprises rental income receivable and goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties. The company also holds financial instruments in the form of fixed asset investments recognised at fair value.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments

Fixed asset investments are listed investments held at fair value. Gains and losses arising from changes in the fair value of fixed asset investments are included in profit or loss in the period in which they arise. Investments listed on a recognised stock exchange are valued at the mid-market value at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 6 April 2024

and 5 April 2025

3,037

DEPRECIATION

At 6 April 2024

2,160

Charge for year

700

At 5 April 2025

2,860

NET BOOK VALUE

At 5 April 2025

177

At 5 April 2024

877

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2024

802,971

Additions

232,885

Disposals

(163,769

)

Revaluations

(9,873

)

At 5 April 2025

862,214

NET BOOK VALUE

At 5 April 2025

862,214

At 5 April 2024

802,971

Cost or valuation at 5 April 2025 is represented by:

Other

investments

£

Valuation in 2025

225,598

Cost

636,616

862,214

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

1,150,000

NET BOOK VALUE

At 5 April 2025

1,150,000

At 5 April 2024

1,150,000

Fair value at 5 April 2025 is represented by:

£

Valuation in 2025

1,150,000

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

2025

2024

£

£

Cost

496,638

496,638

Investment property was valued on an open market basis on 5 April 2025 by the directors .

7.

DEBTORS

2025

2024

£

£

Trade debtors

15,749

13,474

Other debtors

18,467

24,756

34,216

38,230

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

79

-

Taxation and social security

24,436

14,043

Other creditors

101,283

90,423

125,798

104,466

9.	RELATED PARTY DISCLOSURES

The total amounts outstanding to the directors at the balance sheet date was £67,398 (2024 - £56,616). The loans attract a commercial rate of interest and are repayable on demand.