Tibetan Monastery Services Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 01756218

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	100		50
Cash at bank and in hand		12,113		12,394

		12,213		12,444
NET CURRENT ASSETS (LIABILITIES)			12,213		12,444

TOTAL ASSETS LESS CURRENT LIABILITIES			12,213		12,444

Creditors: Amounts Falling Due After More Than One Year	7		(1,252,938 )		(1,240,938 )

NET LIABILITIES			(1,240,725 )		(1,228,494 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(1,240,727 )		(1,228,496 )

SHAREHOLDERS' FUNDS			(1,240,725)		(1,228,494)

For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Heywood

Director

11/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Tibetan Monastery Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01756218 . The registered office is 505 Worle Park Way, Worle, Weston-Super-Mare, BS22 6WA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

As at the year end date the balance sheet was in deficit by £1,218,428 (2022: £1,207,953). The financial statements have been prepared on a going concern basis to reflect the continued support of the investors and the directors.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% - 25% straight line
Motor Vehicles	15% - 25% straight line
Fixtures & Fittings	10% - 15% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	4,811	2,885	7,696

As at 31 March 2025	4,811	2,885	7,696

Depreciation
As at 1 April 2024	4,811	2,885	7,696

As at 31 March 2025	4,811	2,885	7,696

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	-	-

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Tibetan Monastery Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	100	50

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Loan from Camellia Foundation	12,500	12,500
Bond investments	1,100,000	1,100,000
Other loan	140,438	128,438

	1,252,938	1,240,938

Bind investments

In October 2013 Unsecured Bonds 2013 of £300,062 were issued to fund planned developments. In January 2015 additional Unsecured Bonds 2013 of £166,000 were issued to fund planned developments. During the years ended 31 March 2016, 2017, 2018, 2019 and 2020 additional Unsecured Bonds 2013 of £34,074, £219,959, £139,895, £147,332 and £92,678 respectively have been issued to fund planned developments. During the years 2021, 2022, 2023, 2024 and 2025 there were no new bonds issued.

	2025	2024
	£	£
0% interest Unsecured Bonds 2013	6,548	6,548
4% interest Unsecured Bonds 2013	976,008	976,008
8% interest Unsecured Bonds 2013	718	718
12% interest and 100% ROI Unsecured Bonds 2013	22,326	22,326
12% interest and 150% ROI Unsecured Bonds 2013	58,197	58,197
12% interest and 25% ROI Unsecured Bonds 2013	36,203	36,203

No interest or capital repayments will become due on the bonds until the company has a cumulative net operating profit exceeding £100,000. Subsequently, the operating profits must be over £50,000. Annually 50% of the profits are designated for repayments of principal and interest.

Bonds are due to be repaid by 1 September 2028. Entitlement to any unpaid capital or accrued interest will be lost by investors at this date.

Camellia Foundation

The loan from the Camellia Foundation is interest free and only repayable if funds are available.

Other loans

Other loans are interest bearing at 0-8% and only repayable if funds are available.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Ultimate Controlling Party

The company's ultimate controlling party is Orient Foundation for Arts and Culture by virtue of his ownership of 100% of the issued share capital in the company.

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