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Company No: 03477804 (England and Wales)

# TASMAN HOUSE DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

TASMAN HOUSE DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

TASMAN HOUSE DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 30 April 2025
TASMAN HOUSE DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 3,995 |  | 3,899
Investment property | 4 | 3,260,000 |  | 3,662,500
|  | 3,263,995 |  | 3,666,399
Current assets |  |  |  |
Debtors | 5 | 82,066 |  | 98,037
Cash at bank and in hand |  | 67,480 |  | 94,618
|  | 149,546 |  | 192,655
Creditors: amounts falling due within one year | 6 | ( 1,106,683) |  | ( 1,126,667)
Net current liabilities |  | (957,137) |  | (934,012)
Total assets less current liabilities |  | 2,306,858 |  | 2,732,387
Creditors: amounts falling due after more than one year | 7 | ( 1,498,509) |  | ( 1,498,509)
Provision for liabilities |  | ( 232,383) |  | ( 279,841)
Net assets |  | 575,966 |  | 954,037
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Undistributable reserve |  | 29,597 |  | 397,627
Profit and loss account |  | 546,269 |  | 556,310
Total shareholder's funds |  | 575,966 |  | 954,037

For the financial year ending 30 April 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tasman House Developments Limited (registered number: 03477804) were approved and authorised for issue by the Director on 21 October 2025. They were signed on its behalf by:

Dina Wheatcroft Director |

TASMAN HOUSE DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
TASMAN HOUSE DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 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

Tasman House Developments 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 Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### 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 reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 20 % reducing balance

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.

##### Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use 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.

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2024 | 23,308 |  | 23,308
Additions | 972 |  | 972
At 30 April 2025 | 24,280 |  | 24,280
Accumulated depreciation |  |  |
At 01 May 2024 | 19,409 |  | 19,409
Charge for the financial year | 876 |  | 876
At 30 April 2025 | 20,285 |  | 20,285
Net book value |  |  |
At 30 April 2025 | 3,995 |  | 3,995
At 30 April 2024 | 3,899 |  | 3,899

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 May 2024 | 3,662,500
Fair value movement | (402,500)
As at 30 April 2025 | 3,260,000

Valuation

There has been no valuation of investment property by an independent valuer.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 13,832 |  | 20,323
Amounts owed by Parent undertakings | 700 |  | 0
Other debtors | 67,534 |  | 77,714
| 82,066 |  | 98,037

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 16,650 |  | 30,467
Other creditors | 1,090,033 |  | 1,096,200
| 1,106,683 |  | 1,126,667

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 1,498,509 |  | 1,498,509

The loans are secured against the freehold properties within the company.