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Tautology Properties Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025
Registration number: 07704373

Tautology Properties Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 9

Tautology Properties Limited

Company Information

Directors | C W Ellis D J Kightley

Company secretary | S Kightley

Registered office | 52 Longbrook Street EXETER Devon EX4 6AH

Accountants | Bick Accountants Ltd Chartered Accountants52 Longbrook Street EXETER Devon EX4 6AH

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Tautology Properties Limited
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tautology Properties Limited for the year ended 31 August 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Tautology Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tautology Properties Limited and state those matters that we have agreed to state to the Board of Directors of Tautology Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tautology Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tautology Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tautology Properties Limited. You consider that Tautology Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tautology Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Bick Accountants Ltd
Chartered Accountants
52 Longbrook Street
EXETER
Devon
EX4 6AH

19 November 2025

Tautology Properties Limited

(Registration number: 07704373)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 35,211 |  | 44,783
Investment property | 5 |  | 3,400,000 |  | 3,800,000
|  |  | 3,435,211 |  | 3,844,783
Current assets |  |  |  |  |
Debtors | 6 | 16,425 |  | 10,097 |
Cash at bank and in hand |  | 173,160 |  | 118,221 |
|  | 189,585 |  | 128,318 |
Creditors: Amounts falling due within one year | 7 | (2,405,232) |  | (2,378,853) |
Net current liabilities |  |  | (2,215,647) |  | (2,250,535)
Total assets less current liabilities |  |  | 1,219,564 |  | 1,594,248
Creditors: Amounts falling due after more than one year | 7 |  | (800,000) |  | (800,000)
Provisions for liabilities |  |  | (65,198) |  | (158,869)
Net assets |  |  | 354,366 |  | 635,379
Capital and reserves |  |  |  |  |
Called up share capital | 8 | 100 |  | 100 |
Retained earnings |  | 354,266 |  | 635,279 |
Shareholders' funds |  |  | 354,366 |  | 635,379

Tautology Properties Limited

(Registration number: 07704373)
Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

D J Kightley Director |  |

Tautology Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
52 Longbrook Street
EXETER
Devon
EX4 6AH

The principal place of business is:
20 Monmouth Avenue
Topsham
EXETER
EX3 0AF

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements are presented in pound sterling, the functional currency of the company, and are rounded to the nearest pound (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Tautology Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

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 income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and equipment | 10% straight line

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Tautology Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Tautology Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 124,465 | 124,465
Additions | 3,399 | 3,399
Disposals | (2,535) | (2,535)
At 31 August 2025 | 125,329 | 125,329
Depreciation
At 1 September 2024 | 79,682 | 79,682
Charge for the year | 12,498 | 12,498
Eliminated on disposal | (2,062) | (2,062)
At 31 August 2025 | 90,118 | 90,118
Carrying amount
At 31 August 2025 | 35,211 | 35,211
At 31 August 2024 | 44,783 | 44,783

5 | Investment properties

| 2025 £
At 1 September 2024 | 3,800,000
Fair value adjustments | (400,000)
At 31 August 2025 | 3,400,000

The investment property is revalued by the directors every year to reflect its open market valuation.

Tautology Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 11,522 | 10,074
Other debtors | 4,903 | 23
| 16,425 | 10,097

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Loans | 2,339,000 | 2,339,000
Trade creditors | 28,216 | -
Other creditors | 38,016 | 39,853
| 2,405,232 | 2,378,853
Due after one year |  |
Bank loans | 800,000 | 800,000

Creditors include bank and other loans which are secured of £3,139,000 (2024 - £3,139,000).

8 | Share capital

Allotted, called up and fully paid shares

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