REGISTERED NUMBER: 11187213 (England and Wales)

Tapwell Park Limited

Financial Statements

for the Period 1st January 2024 to 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

The Hon. R M Moreton

B R A Knight

A R Jackson

R K Brown

REGISTERED OFFICE:

Tortworth Estate Office

Tortworth

Wotton-Under-Edge

Gloucestershire

GL12 8HF

REGISTERED NUMBER:

11187213 (England and Wales)

ACCOUNTANTS:

Woodward Hale

Chartered Accountants

38 Dollar Street

Cirencester

Gloucestershire

GL7 2AN

FIXED ASSETS

Tangible assets

4

241,311

252,292

Investment property

5

20,715,000

20,715,000

20,956,311

20,967,292

CURRENT ASSETS

Stocks

50,000

50,000

Debtors

6

131,562

125,652

Cash at bank

874,953

786,323

1,056,515

961,975

CREDITORS

Amounts falling due within one year

7

208,708

208,881

NET CURRENT ASSETS

847,807

753,094

TOTAL ASSETS LESS CURRENT LIABILITIES

21,804,118

21,720,386

CREDITORS

Amounts falling due after more than one year

8

(4,422

)

(17,375

)

PROVISIONS FOR LIABILITIES

(4,050,201

)

(4,031,654

)

NET ASSETS

17,749,495

17,671,357

CAPITAL AND RESERVES

Called up share capital

15,229,740

15,229,740

Retained earnings

2,519,755

2,441,617

SHAREHOLDERS' FUNDS

17,749,495

17,671,357

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2025 and were signed on its behalf by:

The Hon. R M Moreton - Director

1.	STATUTORY INFORMATION

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

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Government grants

During the year, the company received support by way of a Business interruption Payment from the Government. The Business Interruption Payment is where the Government is paying the first twelve month's interest on a coronavirus bounce back loan. The value of the Business Interruption Payment in these accounts is £834.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

In-hand

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2024

and 31st March 2025

185,000

87,846

272,846

DEPRECIATION

At 1st January 2024

-

20,554

20,554

Charge for period

-

10,981

10,981

At 31st March 2025

-

31,535

31,535

NET BOOK VALUE

At 31st March 2025

185,000

56,311

241,311

At 31st December 2023

185,000

67,292

252,292

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st March 2025

20,715,000

NET BOOK VALUE

At 31st March 2025

20,715,000

At 31st December 2023

20,715,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

3,508,677

Cost

17,206,323

20,715,000

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

2025

2023

£

£

Cost

17,206,323

17,206,323

Investment property was valued on an open market basis on 31st December 2022 by Carter Jonas .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

52,947

25,710

Other debtors

78,615

99,942

131,562

125,652

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

10,448

10,124

Trade creditors

56,582

69,203

Taxation and social security

24,691

-

Other creditors

116,987

129,554

208,708

208,881

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans

4,422

17,375

9.	RELATED PARTY DISCLOSURES