Company No: 09264877 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	L D Endicott
	P S Endicott

REGISTERED OFFICE	Scords Farmhouse
	Scords Lane
	Toys Hill
	Kent
	TN16 1QE
	United Kingdom

COMPANY NUMBER

09264877 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	456		1,427
Investment property	4	1,489,851		1,489,851
		1,490,307		1,491,278
Current assets
Debtors	5	7,008		3,198
Cash at bank and in hand		133,354		134,007
		140,362		137,205
Creditors: amounts falling due within one year	6	( 520,860)		( 561,895)
Net current liabilities		(380,498)		(424,690)
Total assets less current liabilities		1,109,809		1,066,588
Net assets		1,109,809		1,066,588
Capital and reserves
Called-up share capital		2		2
Profit and loss account		1,109,807		1,066,586
Total shareholders' funds		1,109,809		1,066,588

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476; and
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
• The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

The financial statements of Toyside Limited (registered number: 09264877) were approved and authorised for issue by the Board of Directors on 15 October 2025. They were signed on its behalf by:

P S Endicott Director

L D Endicott Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Toyside Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Scords Farmhouse, Scords Lane, Toys Hill, Kent, TN16 1QE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 .

The functional currency of Toyside Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover represents amounts receivable for rents and services. Revenue is recognised for the term of occupancy in the accounting period. Consultancy income is recognised when the service is provided.

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the Balance Sheet date. Timing differences are differences between the Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

When the amount that can be deducted for tax for an asset that is recognised in a business combination is less (more) than the value at which it is recognised, a deferred tax liability (asset) is recognised for the additional tax that will be paid (avoided) in respect of that difference. Similarly, a deferred tax asset (liability) is recognised for the additional tax that will be avoided (paid) because of a difference between the value at which a liability is recognised and the amount that will be assessed for tax.

Deferred tax liabilities are recognised for timing differences arising from investments in subsidiaries and associates, except where the Company is able to control the reversal of the timing difference and it is probable that it will not reverse in the foreseeable future.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply to the reversal of the timing difference. Deferred tax relating to property, plant and equipment is measured using the revaluation model and investment property is measured using the tax rates and allowances that apply to the sale of the asset.

Where items recognised in the Statement of Comprehensive Income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the Company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset only if: a) the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on the Company and the Company intends either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

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

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Staff number and costs

	2024		2023
	Number		Number
The average monthly number of employees (including directors) was:
Directors	2		2

Their aggregate remuneration comprised:

	2024		2023
	£		£
Wages and salaries	6,396		6,396

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 November 2023	7,792		7,792
At 31 October 2024	7,792		7,792
Accumulated depreciation
At 01 November 2023	6,365		6,365
Charge for the financial year	971		971
At 31 October 2024	7,336		7,336
Net book value
At 31 October 2024	456		456
At 31 October 2023	1,427		1,427

4. Investment property

	Investment property
	£
Valuation
As at 01 November 2023	1,489,851
As at 31 October 2024	1,489,851

The investment property is valued at fair value determined by the directors, on an open market value for existing use basis.

5. Debtors

	2024		2023
	£		£
Trade debtors	3,924		0
Prepayments	3,084		3,198
	7,008		3,198

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Directors loans (note 7)	485,342		525,454
Trade creditors	648		600
Corporation tax	11,079		12,064
VAT	3,989		4,626
Accruals and deferred income	19,802		19,151
	520,860		561,895

7. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed to directors

	2024		2023
	£		£
Directors loan accounts	485,342		525,454
	0		0
	485,342		525,454

Included in other creditors are amounts owed by the directors of £478,556 (2023: £521,279). Interest of 2.8% has been charged on the loan totalling £13,048 (2023: £20,848). This loan is repayable on demand.