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REGISTERED NUMBER: 04388504 (England and Wales)

TFIO Properties Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

TFIO Properties Limited (Registered number: 04388504)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Abridged Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

TFIO Properties Limited

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | Mrs S J Moore

| P J Moore

| Ms L Moore

| REGISTERED OFFICE: | 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| REGISTERED NUMBER: | 04388504 (England and Wales)

| ACCOUNTANTS: | Maxwells

| Chartered Accountants

| 4 King Square

| Bridgwater

| Somerset

| TA6 3YF

| BANKERS: | Handelsbanken Bank Plc

| 3rd Floor, Upper Borough Court

| Upper Borough Walls

| Bath

| BA1 1RG

TFIO Properties Limited (Registered number: 04388504)

Abridged Statement of Financial Position

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 49,034 |  | 59,750 |  |

Investments | 6 | 100 |  | 100 |  |

Investment property | 7 | 10,456,947 |  | 10,456,947 |  |

10,506,081 |  | 10,516,797 |  |

CURRENT ASSETS

Debtors | 1,296,996 |  | 1,583,635 |  |

Cash at bank | 392,898 |  | 407,787 |  |

1,689,894 |  | 1,991,422 |  |

CREDITORS

Amounts falling due within one year | 562,906 |  | 746,674 |  |

NET CURRENT ASSETS | 1,126,988 |  | 1,244,748 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,633,069 |  | 11,761,545 |  |

CREDITORS

Amounts falling due after more than one year | (240,511 | ) | (355,229 | ) |

PROVISIONS FOR LIABILITIES | (1,279,410 | ) | (1,279,410 | ) |

NET ASSETS | 10,113,148 |  | 10,126,906 |  |

TFIO Properties Limited (Registered number: 04388504)

Abridged Statement of Financial Position - continued

30 April 2025

| 30.4.25 | 30.4.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 5,100 |  | 5,100 |  |

Share premium | 1,591,762 |  | 1,591,762 |  |

Investment revaluation

reserve | 9 | 5,439,568 |  | 5,439,568 |  |

Retained earnings | 3,076,718 |  | 3,090,476 |  |

SHAREHOLDERS' FUNDS | 10,113,148 |  | 10,126,906 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

P J Moore - Director

TFIO Properties Limited (Registered number: 04388504)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| TFIO Properties 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.

2. | 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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

| Investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided at the rate expected to apply when the property is sold.

| 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.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TFIO Properties Limited (Registered number: 04388504)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

3. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Investments

| Investment in shares are included at fair value.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 May 2024 | 171,697 |  |

| Additions | 4,103 |  |

| At 30 April 2025 | 175,800 |  |

| DEPRECIATION

| At 1 May 2024 | 111,947 |  |

| Charge for year | 14,819 |  |

| At 30 April 2025 | 126,766 |  |

| NET BOOK VALUE

| At 30 April 2025 | 49,034 |  |

| At 30 April 2024 | 59,750 |  |

TFIO Properties Limited (Registered number: 04388504)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Totals

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 71,884 |  |

| DEPRECIATION

| At 1 May 2024 | 34,186 |  |

| Charge for year | 9,424 |  |

| At 30 April 2025 | 43,610 |  |

| NET BOOK VALUE

| At 30 April 2025 | 28,274 |  |

| At 30 April 2024 | 37,698 |  |

6. | FIXED ASSET INVESTMENTS

| Information on investments other than loans is as follows:

| Totals

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 100 |  |

| NET BOOK VALUE

| At 30 April 2025 | 100 |  |

| At 30 April 2024 | 100 |  |

7. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 May 2024

| and 30 April 2025 | 10,456,947 |  |

| NET BOOK VALUE

| At 30 April 2025 | 10,456,947 |  |

| At 30 April 2024 | 10,456,947 |  |

TFIO Properties Limited (Registered number: 04388504)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | INVESTMENT PROPERTY - continued

| Fair value at 30 April 2025 is represented by:

£ |

| Valuation in 2003 | 373,242 |  |

| Valuation in 2016 | 3,430,532 |  |

| Valuation in 2017 | 2,000,000 |  |

| Valuation in 2018 | 356,083 |  |

| Valuation in 2019 | 463,894 |  |

| Cost | 3,833,196 |  |

10,456,947 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

| 30.4.25 |  | 30.4.24

£ | £ |

| Cost | 3,833,196 |  | 3,833,196 |  |

| Investment property was valued on a fair value basis on 30 April 2025 by the directors of the company .

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.4.25 |  | 30.4.24

£ | £ |

| Other loans | 324,436 |  | 409,865 |  |

| Hire purchase contracts | 32,436 |  | 43,201 |  |

356,872 |  | 453,066 |  |

| The bank overdraft is secured by a fixed and floating charge over all assets of the company.

| The loan with Brunel Trustees Ltd, P J Moore, S J Moore and L J Moore as trustees of the Peter Moore Plastics Executive Pension Scheme is secured by a fixed charge over the freehold property known as 7 and 7A Princes Buildings, George Street and 12 Bartlett Street, Bath.

| The hire purchase contacts are secured against the asset to which they relate.

9. | RESERVES

| Investment

| revaluation

| reserve

£ |

| At 1 May 2024

| and 30 April 2025 | 5,439,568 |  |