TUFNELL PARK (CARLETON ROAD) LIMITED


Directors	Mandeep Singh Binning
	Antonis Demetri
	Antonis Theori
	Nicholas Theori


Registered Address	Olive Tree Centre, 472a Larkshall Road
	Higham's Park
	London
	E4 9HH


Registered Number	14789802 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		8,505,096		8,343,277
			8,505,096		8,343,277
Current assets
Debtors	4,5	189,243		165,385
Cash at bank and on hand		196,318		31,389
		385,561		196,774
Creditors amounts falling due within one year	6	(2,876,999)		(2,867,323)
Net current assets (liabilities)			(2,491,438)		(2,670,549)
Total assets less current liabilities			6,013,658		5,672,728
Creditors amounts falling due after one year	7		(5,728,985)		(5,728,918)
Provisions for liabilities	8		(31,407)		-
Net assets			253,266		(56,190)
Capital and reserves
Profit and loss account			253,266		(56,190)
Shareholders' funds			253,266		(56,190)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 August 2025, and are signed on its behalf by:

Mandeep Singh Binning
Director
Registered Company No. 14789802

TUFNELL PARK (CARLETON ROAD) LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 10 April 2023 and started to trade from 1 May 2023.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover represents the net value of the rent received as per rental agreements.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	Investment Properties are stated at fair market valuation. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Total
	£	£	£
Cost or valuation
At 01 May 24	8,343,277	-	8,343,277
Additions	31,094	5,610	36,704
Revaluations	125,629	-	125,629
At 30 April 25	8,500,000	5,610	8,505,610
Depreciation and impairment
Charge for year	-	514	514
At 30 April 25	-	514	514
Net book value
At 30 April 25	8,500,000	5,096	8,505,096
At 30 April 24	8,343,277	-	8,343,277

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	87,836	45,144
Other debtors	18,221	18,221
Prepayments and accrued income	1,769	9,373
Total	107,826	72,738

5.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	81,418	92,648
Total	81,418	92,648

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	20,219	56,122
Taxation and social security	51,316	-
Other creditors	2,803,665	2,809,701
Accrued liabilities and deferred income	1,799	1,500
Total	2,876,999	2,867,323

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,728,985	5,728,918
Total	5,728,985	5,728,918

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	31,407	-
Total	31,407	-