REGISTERED NUMBER: 09924470 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

Tilney Property Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A R Tilney

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

09924470 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

204

304

Investments

5

38

38

Investment property

6

7,166,945

5,891,669

7,167,187

5,892,011

CURRENT ASSETS

Debtors

7

506,652

35,504

Cash at bank

11,101

16,931

517,753

52,435

CREDITORS

Amounts falling due within one year

8

(2,204,857

)

(907,390

)

NET CURRENT LIABILITIES

(1,687,104

)

(854,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,480,083

5,037,056

CREDITORS

Amounts falling due after more than one year

9

(4,378,548

)

(4,046,529

)

PROVISIONS FOR LIABILITIES

(140,223

)

(64,975

)

NET ASSETS

961,312

925,552

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

961,311

925,551

961,312

925,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

A R Tilney - Director

1.	STATUTORY INFORMATION

Tilney Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts receivable for services provided and rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals, is stated at its fair value as at the reporting date. The movement for the year in relation to fair value adjustments is recognised directly in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 March 2024

and 30 March 2025

1,010

DEPRECIATION

At 31 March 2024

706

Charge for year

100

At 30 March 2025

806

NET BOOK VALUE

At 30 March 2025

204

At 30 March 2024

304

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 31 March 2024

and 30 March 2025

38

NET BOOK VALUE

At 30 March 2025

38

At 30 March 2024

38

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

5,891,669

Additions

973,848

Revaluations

301,428

At 30 March 2025

7,166,945

NET BOOK VALUE

At 30 March 2025

7,166,945

At 30 March 2024

5,891,669

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 30 March 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,530

Other debtors

506,652

33,974

506,652

35,504

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,481

5,345

Trade creditors

-

2,412

Tax

-

25,069

Social security and other taxes

1,317

1,320

Other creditors

1,783,108

491,202

Director current account

329,393

337,749

Accrued expenses

85,558

44,293

2,204,857

907,390

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

11,381

5,481

Bank loans - 2-5 years

12,981

17,288

Bank loans more than 5 years

4,354,186

4,023,760

4,378,548

4,046,529

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

4,354,186

4,023,760

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

4,384,029

4,051,874

The bank loans are secured by a fixed charge on the investment properties.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

£

A R Tilney

Balance outstanding at start of year

(337,749

)

(336,517

)

Amounts advanced

201,897

111,960

Amounts repaid

(193,541

)

(113,192

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(329,393

)

(337,749

)

The above loan is unsecured, interest free and repayable on demand.