IRIS Accounts Production v25.2.0.378 01162845 Board of Directors 1.4.24 31.3.25 31.3.25 15.5.25 false true false false true false Auditors Opinion Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01162845 2024-03-31 01162845 2025-03-31 01162845 2024-04-01 2025-03-31 01162845 2023-03-31 01162845 2023-04-01 2024-03-31 01162845 2024-03-31 01162845 ns15:EnglandWales 2024-04-01 2025-03-31 01162845 ns14:PoundSterling 2024-04-01 2025-03-31 01162845 ns10:Director1 2024-04-01 2025-03-31 01162845 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01162845 ns10:SmallEntities 2024-04-01 2025-03-31 01162845 ns10:Audited 2024-04-01 2025-03-31 01162845 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01162845 ns10:FullAccounts 2024-04-01 2025-03-31 01162845 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 01162845 ns10:Director2 2024-04-01 2025-03-31 01162845 ns10:CompanySecretary1 2024-04-01 2025-03-31 01162845 ns10:RegisteredOffice 2024-04-01 2025-03-31 01162845 ns5:CurrentFinancialInstruments 2025-03-31 01162845 ns5:CurrentFinancialInstruments 2024-03-31 01162845 ns5:Non-currentFinancialInstruments 2025-03-31 01162845 ns5:Non-currentFinancialInstruments 2024-03-31 01162845 ns5:ShareCapital 2025-03-31 01162845 ns5:ShareCapital 2024-03-31 01162845 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01162845 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01162845 ns5:LandBuildings 2024-03-31 01162845 ns5:PlantMachinery 2024-03-31 01162845 ns5:LandBuildings 2024-04-01 2025-03-31 01162845 ns5:PlantMachinery 2024-04-01 2025-03-31 01162845 ns5:LandBuildings 2025-03-31 01162845 ns5:PlantMachinery 2025-03-31 01162845 ns5:LandBuildings 2024-03-31 01162845 ns5:PlantMachinery 2024-03-31 01162845 ns5:CostValuation 2024-03-31 01162845 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 01162845 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 01162845 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 01162845 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 01162845 ns5:WithinOneYear 2025-03-31 01162845 ns5:WithinOneYear 2024-03-31 01162845 ns5:BetweenOneFiveYears 2025-03-31 01162845 ns5:BetweenOneFiveYears 2024-03-31 01162845 ns5:AllPeriods 2025-03-31 01162845 ns5:AllPeriods 2024-03-31 01162845 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 01162845 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TOWNSCAPE PRODUCTS LIMITED

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TOWNSCAPE PRODUCTS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| Directors: | Mrs Y Gay

| Mr G Davies

| Secretary: | Mr G Davies

| Registered office: | Fulwood Road South

| Sutton In Ashfield

| Nottinghamshire

| NG17 2JZ

| Registered number: | 01162845 (England and Wales)

| Auditors: | TC Group

| 10 Stadium Business Court

| Millennium Way

| Pride Park

| Derby

| Derbyshire

| DE24 8HP

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

BALANCE SHEET

31 MARCH 2025

2025 | 2024 |

| Notes | £ | £

Fixed assets

Tangible assets | 4 | 523,016 |  | 493,006 |  |

Investments | 5 | 201 |  | 201 |  |

Investment property | 6 | 330,567 |  | 330,567 |  |

853,784 |  | 823,774 |  |

Current assets

Stocks | 7 | 300,505 |  | 330,967 |  |

Debtors | 8 | 474,039 |  | 436,157 |  |

Cash at bank | 98,893 |  | 288,570 |  |

873,437 |  | 1,055,694 |  |

Creditors

Amounts falling due within one year | 9 | (507,544 | ) | (527,840 | ) |

Net current assets | 365,893 |  | 527,854 |  |

Total assets less current liabilities | 1,219,677 |  | 1,351,628 |  |

Creditors

Amounts falling due after more than one year | 10 | (1,769 | ) | (12,231 | ) |

Net assets | 1,217,908 |  | 1,339,397 |  |

Capital and reserves

Called up share capital | 12 | 200,000 |  | 200,000 |  |

Retained earnings | 1,017,908 |  | 1,139,397 |  |

Shareholders' funds | 1,217,908 |  | 1,339,397 |  |

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 14 May 2025 and were signed on its behalf by:

Mr G Davies - Director

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Townscape Products Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 are presented in pounds sterling (£) which is the functional currency of the company.

| Going concern

| The company meets its day to day working capital requirements through its current cash resources and banking facilities. The current economic conditions create uncertainty particularly over the timing and level of demand for the company's products. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facility and cash resource. The directors have reviewed the forecasts, which have been prepared to December 2026, and have concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. However, prior to the financial year-end the company's board of directors formally committed to a plan to sell the business by agreeing to Heads of Terms with a prospective purchaser. The outcome of this process remains uncertain, and the intentions of the prospective new owners regarding the continuation of the company's operations have not been confirmed. These circumstances indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

| 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.

| Stock

| The company's products are subject to changing technological and regulatory trends. As a result it is necessary to consider the recoverability of the cost of stocks and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock as well as applying assumptions around anticipated saleability of finished goods and future usage of raw materials.

| Turnover

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

| Turnover is recognised on the despatch of goods, the issue of or vesting certificates.

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Fixed assets are recorded at cost less any accumulated depreciation and accumulated impairment. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

| Land and buildings |  | - |  | 2% on cost |  |

| Plant and machinery etc |  | - |  | 25% on cost and 10% on cost |  |

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Stocks

| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

| Cost is determined on a first-in, first-out (FIFO) method.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences as residual interest in the assets of the company after deducting all of its liabilities.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 19 ) .

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

Plant and |

Land and | machinery |

buildings | etc | Totals |

| £ | £ | £

| Cost

| At 1 April 2024 | 900,082 |  | 2,254,421 |  | 3,154,503 |  |

| Additions | 52,204 |  | 22,669 |  | 74,873 |  |

| At 31 March 2025 | 952,286 |  | 2,277,090 |  | 3,229,376 |  |

| Depreciation

| At 1 April 2024 | 465,122 |  | 2,196,375 |  | 2,661,497 |  |

| Charge for year | 19,112 |  | 25,751 |  | 44,863 |  |

| At 31 March 2025 | 484,234 |  | 2,222,126 |  | 2,706,360 |  |

| Net book value

| At 31 March 2025 | 468,052 |  | 54,964 |  | 523,016 |  |

| At 31 March 2024 | 434,960 |  | 58,046 |  | 493,006 |  |

5. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| Cost

| At 1 April 2024

| and 31 March 2025 | 201 |  |

| Net book value

| At 31 March 2025 | 201 |  |

| At 31 March 2024 | 201 |  |

6. | INVESTMENT PROPERTY

Total |

| £

| Fair value

| At 1 April 2024

| and 31 March 2025 | 330,567 |  |

| Net book value

| At 31 March 2025 | 330,567 |  |

| At 31 March 2024 | 330,567 |  |

| The investment property was revalued by the directors at the balance sheet date at open market value, based on the last valuation carried out by Mather Jamie on 31 January 2024.

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

7. | STOCKS

2025 | 2024 |

| £ | £

| Stocks | 300,505 |  | 330,967 |  |

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

2025 | 2024 |

| £ | £

| Trade debtors | 465,389 |  | 416,965 |  |

| Prepayments | 8,650 |  | 19,192 |  |

474,039 |  | 436,157 |  |

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

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 10,464 |  | 10,204 |  |

| Trade creditors | 247,578 |  | 240,990 |  |

| Inter company creditors | 12,234 |  | 12,234 |  |

| Social security and other taxes | 70,985 |  | 82,268 |  |

| Accruals and deferred income | 166,283 |  | 182,144 |  |

507,544 |  | 527,840 |  |

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

2025 | 2024 |

| £ | £

| Bank loans - 2-5 years | 1,769 |  | 12,231 |  |

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

| £ | £

| Within one year | 45,090 |  | 49,974 |  |

| Between one and five years | 58,092 |  | 94,393 |  |

103,182 |  | 144,367 |  |

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

value: |  | £ | £

| 200,000 | Ordinary | £1 | 200,000 |  | 200,000 |  |

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| James Liptrott (Senior Statutory Auditor)

| for and on behalf of TC Group

TOWNSCAPE PRODUCTS LIMITED (REGISTERED NUMBER: 01162845) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

14. | PENSION COMMITMENTS

| The company made pension contributions totalling £15,589 (2024: £13,729).