ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:



	Town Centre Estates Limited












	Unaudited
	Financial statements

	For the year ended 31 March 2025

	Registered number: 09915641


Town Centre Estates Limited - Registered number: 09915641

Statement of financial position

As at 31 March 2025

	2025	2025	2024	2024
Note	£	£	£	£


Current assets
Debtors	4	538,538		538,538
Cash at bank and in hand		62		2
		538,600		538,540
Creditors: amounts falling due within one year	5	(84,601)		(81,951)
Net current assets			453,999		456,589
Total assets less current liabilities			453,999		456,589
Creditors: amounts falling due after more than one year	6		(6,620)		(8,064)

Net assets			447,379		448,525

Capital and reserves
Share capital	200	200
Profit and loss account	447,179	448,325
	447,379	448,525

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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Town Centre Estates Limited - Registered number: 09915641

Statement of financial position (continued)

As at 31 March 2025

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue and signed by:

R J Brock

Director

Date: 7 December 2025

The notes on pages 3 to 5 form part of these financial statements.

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Town Centre Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office is C/O Third Floor, 130 Wood Street, London, EC2V 6DL and the registered number is 09915641. The principal place of business address is 45-47 High Street, Newport, TF10 7AT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102,'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.4

Debtors

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.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

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

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, related parties and other third parties and loans to related parties.

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Town Centre Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

Employees

The average monthly number of employees during the year was 0 (2024 - 0).

Debtors

					2025	2024
					£	£


Other debtors	538,538	538,538
	538,538	538,538

5.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Bank loans	2,889	1,445
Trade creditors	64,158	52,998
Other creditors	12,554	12,168
Accruals	5,000	15,340
	84,601	81,951

6.	Creditors: amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	6,620	8,064
	6,620	8,064

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Town Centre Estates Limited

Notes to the financial statements

For the year ended 31 March 2025

Amounts falling due within one year
Bank loans	2,889	1,445
	2,889	1,445

Amounts falling due 2-5 years
Bank loans	6,620	8,064
	6,620	8,064

	9,509	9,509

8.	Related party transactions
	During the year, the director received repayments of £nil (2024: £112) and the director advanced £385 (2024: £1,283) to the company. At the year end, the amounts owed to the director by the company amounted to £12,553 (2024: £12,168).

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