REGISTERED NUMBER: 04759259 (England and Wales)

TERRY CAIN (PROPERTY CONSULTANTS)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr T P Cain

SECRETARY:

Mr P J Hulance

REGISTERED OFFICE:

167 Victoria Road

SWINDON

Wiltshire

SN1 3BU

REGISTERED NUMBER:

04759259 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

HSBC Bank Plc

1 Marlborough Road

SWINDON

Wiltshire

SN3 1QN

FIXED ASSETS

Tangible assets

4

2,626

-

Investment property

5

1,350,000

982,563

1,352,626

982,563

CURRENT ASSETS

Debtors

6

240,350

95,243

Cash at bank and in hand

71,490

861

311,840

96,104

CREDITORS

Amounts falling due within one year

7

1,235,027

1,137,667

NET CURRENT LIABILITIES

(923,187

)

(1,041,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

429,439

(59,000

)

CREDITORS

Amounts falling due after more than one year

8

(200,000

)

-

PROVISIONS FOR LIABILITIES

(90,061

)

-

NET ASSETS/(LIABILITIES)

139,378

(59,000

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

139,278

(59,100

)

SHAREHOLDERS' FUNDS

139,378

(59,000

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2nd December 2025 and were signed by:

Mr T P Cain - Director

1.	STATUTORY INFORMATION

Terry Cain (Property Consultants) Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 04759259.

The company's registered office is 167 Victoria Road, Swindon, Wiltshire, SN1 3BU.

The presentation currency of the financial statements is £ sterling (GBP).

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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

3,959

Additions

3,502

At 31st March 2025

7,461

DEPRECIATION

At 1st April 2024

3,959

Charge for year

876

At 31st March 2025

4,835

NET BOOK VALUE

At 31st March 2025

2,626

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

982,563

Additions

9,806

Revaluations

357,631

At 31st March 2025

1,350,000

NET BOOK VALUE

At 31st March 2025

1,350,000

At 31st March 2024

982,563

Fair value at 31st March 2025 is represented by:

£

Valuation in 2025

357,631

Cost

992,369

1,350,000

The property was valued by an independent valuer during the period. The property has been revalued to the market value.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

5,035

382

Other debtors

176,013

70,639

181,048

71,021

Amounts falling due after more than one year:

Other debtors

59,302

24,222

Aggregate amounts

240,350

95,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,442

18,532

Taxation and social security

94,336

35,080

Other creditors

1,121,249

1,084,055

1,235,027

1,137,667

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

200,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Included within retained earnings is an amount of £268,223 (2024:£nil) which is undistributable. This amount represents the difference between the carrying value of the Investment property measured at fair value less its cost at initial recognition, less the relevant deferred tax liability.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mr T P Cain

Balance outstanding at start of year

766

766

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

766

766