Registration number: 01116741

Tedwood Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Statement of Changes in Equity	4
Notes to the Unaudited Financial Statements	5 to 9

Tedwood Limited

Company Information

Directors

R C Dollar S M Dollar S E Dollar C S Dollar

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Tedwood Limited

Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	872	366
Investment property	5	900,000	1,695,000
Investments	6	429,996	429,996
Other financial assets	7	2,436,609	1,903,637
		3,767,477	4,028,999
Current assets
Debtors	8	153,222	54,509
Cash at bank and in hand		241,807	110,071
		395,029	164,580
Creditors: Amounts falling due within one year	9	(468,020)	(498,747)
Net current liabilities		(72,991)	(334,167)
Total assets less current liabilities		3,694,486	3,694,832
Provisions for liabilities		(218)	(9,791)
Net assets		3,694,268	3,685,041
Capital and reserves
Called up share capital		360,000	360,000
Capital redemption reserve		220,000	220,000
Fair value reserve	10	-	10,178
Retained earnings	11	3,114,268	3,094,863
Shareholders' funds		3,694,268	3,685,041

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Tedwood Limited

Statement of Financial Position as at 31 December 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Tedwood Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

.........................................

R C Dollar

Director

Company registration number: 01116741

Tedwood Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Capital redemption reserve £	Fair value reserve £	Retained earnings £	Total £
At 1 January 2024	360,000	220,000	10,178	3,094,863	3,685,041
Profit for the year	-	-	-	9,227	9,227
Other comprehensive income	-	-	(10,178)	10,178	-
Total comprehensive income	-	-	(10,178)	19,405	9,227
At 31 December 2024	360,000	220,000	-	3,114,268	3,694,268

	Share capital £	Capital redemption reserve £	Fair value reserve £	Retained earnings £	Total £
At 1 January 2023 as previously stated	360,000	-	10,178	3,194,059	3,564,237
Profit for the year	-	-	-	120,804	120,804
Other capital redemption reserve movements	-	220,000	-	(220,000)	-
At 31 December 2023	360,000	220,000	10,178	3,094,863	3,685,041

Tedwood Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of property investment.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company had net assets at 31 December 2024 amounting to £3,694,268.

The directors have considered the potential impact of the current socio-economic climate within the UK and believe that the impact remains manageable. The company has robust cash reserves, continues to receive rental income as due and incurs minimal overheads.

Based upon the above the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly the directors continue to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rental income in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises rental income evenly over the period of the leases.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tedwood Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Increases in fair value are initially recognised in profit or loss. Subsequent transfers are made from retained earnings to the fair value reserve for cumulative net increases in fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Tedwood Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company during the year was 2 (2023 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £
Cost or valuation
At 1 January 2024	7,856
Additions	750
At 31 December 2024	8,606
Depreciation
At 1 January 2024	7,490
Charge for the year	244
At 31 December 2024	7,734
Carrying amount
At 31 December 2024	872
At 31 December 2023	366

5	Investment properties

Fair value	2024 £
At 1 January 2024	1,695,000
Disposals	(675,000)
Fair value adjustments	(120,000)
At 31 December 2024	900,000

The investment property is reflected at fair value of 31 December 2024 as estimated by the directors based upon expected rental yields at an amount of £900,000.

6	Investments

	2024 £	2023 £
Investments in subsidiary undertakings	429,996	429,996

Tedwood Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024