REGISTERED NUMBER: 09094834 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TREMORFA PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Hosken

Mrs J L Hill

Ms R F Hosken

REGISTERED OFFICE:

St Mellons Hotel & Spa

Castelton

St Mellons

Cardiff

CF3 2XR

REGISTERED NUMBER:

09094834 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales and West Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Tangible assets

4

2,170,242

2,209,997

Investment property

5

1,440,000

1,440,000

3,610,242

3,649,997

CURRENT ASSETS

Stocks

-

1,143

Debtors

6

3,774

8,026

Cash at bank

82,199

46,711

85,973

55,880

CREDITORS

Amounts falling due within one year

7

514,452

553,941

NET CURRENT LIABILITIES

(428,479

)

(498,061

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,181,763

3,151,936

CREDITORS

Amounts falling due after more than one year

8

(2,190,563

)

(2,128,117

)

PROVISIONS FOR LIABILITIES

(178,600

)

(178,600

)

NET ASSETS

812,600

845,219

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Retained earnings

11

712,600

745,219

SHAREHOLDERS' FUNDS

812,600

845,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 October 2025 and were signed on its behalf by:

M W Hosken - Director

1.	STATUTORY INFORMATION

Tremorfa Property 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.

Turnover

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

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

Freehold Property

- 2% straight line on cost

Plant and machinery etc

- 33%, 20% and 10% on cost

Land is not depreciated.

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 valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

2,287,831

414,883

2,702,714

DEPRECIATION

At 1 February 2024

103,423

389,294

492,717

Charge for year

20,537

19,218

39,755

At 31 January 2025

123,960

408,512

532,472

NET BOOK VALUE

At 31 January 2025

2,163,871

6,371

2,170,242

At 31 January 2024

2,184,408

25,589

2,209,997

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

1,440,000

NET BOOK VALUE

At 31 January 2025

1,440,000

At 31 January 2024

1,440,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2021

1,440,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,774

5,971

Other debtors

-

2,055

3,774

8,026

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

148,198

147,949

Trade creditors

10,453

23,871

Taxation and social security

62,040

56,670

Other creditors

293,761

325,451

514,452

553,941

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

892,008

992,282

Amounts owed to group undertakings

1,298,555

1,135,835

2,190,563

2,128,117

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

337,326

427,182

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

1,026,265

1,116,121

The bank loan with HSBC is secured by a debenture creating a fixed and floating charge over the assets of the company both present and future dated 15 December 2017. In addition there is a first legal charge over St Mellons Hotel & Country Club, Marshfield, Newport dated 12 February 2018 and an unlimited multilateral guarantee dated 15 December 2017 given by Tremorfa Property Limited, Tremorfa Limited, Tremorfa Group Limited and Tasicca Limited.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

£1

100,000

100,000

11.

RESERVES

Retained

earnings

£

At 1 February 2024

745,219

Deficit for the year

(32,619

)

At 31 January 2025

712,600

Included in retained earnings at the year end is £761,400 relating to the revaluation of investment property less related deferred tax provision.

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets are held separately from those of the company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £2,333 (2024: £2,462) during the period.

13.	RELATED PARTY DISCLOSURES

At the balance sheet date £1,298,555 (2024: £1,135,712) was owed to Tremorfa Limited, a wholly owned subsidiary of Tremorfa Group Limited. No interest was charged on this loan.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr M Hosken, by virtue of his majority shareholding in Tremorfa Group Limited.

The parent undertaking is Tremorfa Group Limited. It's registered office address is:

St Mellons Hotel

Castleton

Cardiff

United Kingdom

CF3 2XR