REGISTERED NUMBER: 07191101 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TMC Property Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

110,254

37,999

Investment property

5

2,600,987

2,267,946

2,711,241

2,305,945

CURRENT ASSETS

Debtors

6

14,323

11,309

Cash at bank and in hand

22,598

156,341

36,921

167,650

CREDITORS

Amounts falling due within one year

7

(1,362,340

)

(1,233,926

)

NET CURRENT LIABILITIES

(1,325,419

)

(1,066,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,385,822

1,239,669

CREDITORS

Amounts falling due after more than one year

8

(1,212,668

)

(1,005,721

)

NET ASSETS

173,154

233,948

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

173,152

233,946

SHAREHOLDERS' FUNDS

173,154

233,948

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr T P McCloud - Director

1.	STATUTORY INFORMATION

TMC Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07191101

Registered office:

35-37 High Street

Congleton

Cheshire

CW12 1AX

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable [net of VAT] and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Rental income from investment properties leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

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 reducing balance

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

39,345

2,905

42,250

Additions

85,687

12,478

98,165

At 31 March 2025

125,032

15,383

140,415

DEPRECIATION

At 1 April 2024

3,891

360

4,251

Charge for year

22,799

3,111

25,910

At 31 March 2025

26,690

3,471

30,161

NET BOOK VALUE

At 31 March 2025

98,342

11,912

110,254

At 31 March 2024

35,454

2,545

37,999

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,267,946

Additions

333,041

At 31 March 2025

2,600,987

NET BOOK VALUE

At 31 March 2025

2,600,987

At 31 March 2024

2,267,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,829

2,468

Other debtors

5,494

8,841

14,323

11,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

25,678

-

Trade creditors

28,920

11,917

Taxation and social security

7,095

-

Other creditors

1,300,647

1,222,009

1,362,340

1,233,926

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,212,668

1,005,721

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years by instalments

1,051,651

1,005,721

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

7,000

-

Between one and five years

23,917

-

30,917

-