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Registration number: 10075500

Townhead Investments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Townhead Investments Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Townhead Investments Limited

(Registration number: 10075500)
Balance Sheet as at 31 May 2025

| Note | 2025 | (As restated) 2024
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 2,810,000 |  | 2,502,234
Other financial assets | 5 |  | 1,601,061 |  | 1,079,214
|  |  | 4,411,061 |  | 3,581,448
Current assets |  |  |  |  |
Debtors | 6 | 17,083 |  | 20,410 |
Cash at bank and in hand |  | 1,176,756 |  | 961,931 |
|  | 1,193,839 |  | 982,341 |
Creditors: Amounts falling due within one year | 7 | (115,723) |  | (50,479) |
Net current assets |  |  | 1,078,116 |  | 931,862
Total assets less current liabilities |  |  | 5,489,177 |  | 4,513,310
Provisions for liabilities |  |  | (178,000) |  | -
Net assets |  |  | 5,311,177 |  | 4,513,310
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 1 |  | 1 |
Fair value reserve |  | 534,389 |  | - |
Retained earnings |  | 4,776,787 |  | 4,513,309 |
Shareholders' funds |  |  | 5,311,177 |  | 4,513,310

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 October 2025

......................................... R Staples Director

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Townhead
Slaidburn
Clitheroe
BB7 3EU

These financial statements were authorised for issue by the director on 20 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Reclassification of comparative amounts

The company has reassessed the classification of all freehold property and determined that they are held primarily to earn rental income. As a result, the company has reclassified these assets from tangible fixed assets (freehold property) to investment property for presentation in the financial statements.
The reassessment was conducted in accordance with FRS 102 Section 1A and the applicable provisions in Section 16 Investment Property. The company concluded that the relevant properties do not form part of its operational or administrative assets, but are held for long-term investment purposes.
Comparative figures for the prior year have been restated to reflect the reclassification. This restatement affects the balance sheet presentation but does not impact the profit and loss account or the company's net assets.
Upon reclassification, the properties are measured in accordance with the policy for investment property at fair value as disclosed in the accounting policies note.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of assets in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Valuations are based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding
transaction costs. Subsequently they are measured at fair value through profit or loss if the shares
are publicly traded or their fair value can otherwise be measured reliably other investments are
measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Financial instruments

Financial assets
Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Investment properties

| (As restated) 2025 £
At 1 June 2024 | 2,502,234
Fair value adjustments | 307,766
At 31 May 2025 | 2,810,000

The properties have been revalued to open market value by the directors. The historical cost of the properties is £2,502,234.

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5 | Other financial assets (current and non-current)

| (As restated) Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 June 2024 | 1,079,214 | 1,079,214
Fair value adjustments | 404,623 | 404,623
Additions | 1,084,526 | 1,084,526
Disposals | (967,302) | (967,302)
At 31 May 2025 | 1,601,061 | 1,601,061
Carrying amount
At 31 May 2025 | 1,601,061 | 1,601,061
At 31 May 2024 | 1,079,214 | 1,079,214

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 8,800 | 8,328
Prepayments | 8,283 | 484
Other debtors | - | 11,598
| 17,083 | 20,410

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 28,424 | 543
Taxation and social security | 70,584 | 13,095
Accruals and deferred income | 16,272 | 36,398
Other creditors | 443 | 443
| 115,723 | 50,479

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.01 each | 100 | 1 | 100 | 1