REGISTERED NUMBER: 02802523 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Telford Housing Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs H I G Starbuck

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

02802523 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investments

4

1,645,825

461,000

Investment property

5

-

2,080,002

1,645,825

2,541,002

CURRENT ASSETS

Debtors

6

893,242

207,124

Cash at bank

50,207

9,667

943,449

216,791

CREDITORS

Amounts falling due within one year

7

473,145

207,933

NET CURRENT ASSETS

470,304

8,858

TOTAL ASSETS LESS CURRENT LIABILITIES

2,116,129

2,549,860

PROVISIONS FOR LIABILITIES

8

-

304,251

NET ASSETS

2,116,129

2,245,609

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Other reserves

9

552,000

552,000

Fair value reserve

9

5,726

1,317,560

Retained earnings

9

1,308,403

126,049

SHAREHOLDERS' FUNDS

2,116,129

2,245,609

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 director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Dr H P Starbuck - Director

1.	STATUTORY INFORMATION

Telford Housing Company 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.

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 the rental income receivable during the year. Rental income receivable is accounted for in the year in which the property is rented.

Investment property

Investment property is not depreciated but revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss and is transferred to a fair value reserve.

Deferred tax is provided on gains at the rate expected to apply when the properties are sold.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Fixed asset investments

Listed investments are stated at fair value and any gains or losses are taken to the profit and loss account. Any unrecognised gains are transferred to the fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

461,000

Additions

1,311,325

Disposals

(20,000

)

Revaluations

(106,500

)

At 31 March 2025

1,645,825

NET BOOK VALUE

At 31 March 2025

1,645,825

At 31 March 2024

461,000

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

1,645,825

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,632,678

460,736

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,080,002

Disposals

(2,080,002

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,080,002

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

13,094

Other debtors

-

1,872

Due from Peter Starbuck Limited

172,905

192,158

Directors' loan accounts

538,570

-

Tax

181,767

-

893,242

207,124

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

6,745

Tax

463,325

7,041

Other creditors

9,820

4,386

Directors' loan accounts

-

189,761

473,145

207,933

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

-

304,251

Deferred

tax

£

Balance at 1 April 2024

304,251

Utilised during year

(304,251

)

Balance at 31 March 2025

-

9.

RESERVES

Fair

Retained

Other

value

earnings

reserves

reserve

Totals

£

£

£

£

At 1 April 2024

126,049

552,000

1,317,560

1,995,609

Profit for the year

1,223,079

1,223,079

Dividends

(35,000

)

(35,000

)

Realised on disposal

-

-

(1,317,559

)

(1,317,559

)

Revaluation adjustment

(5,725

)

-

5,725

-

At 31 March 2025

1,308,403

552,000

5,726

1,866,129

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amounts owing from the Director is shown in the debtors note. The amount is interest free and repayable on demand.