TISE PROPERTY MANAGEMENT LIMITED

TISE PROPERTY MANAGEMENT LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	664,811	611,810
		664,811	611,810
Current assets
Debtors	4	1,276	2,412
Cash at bank and in hand		6,303	1,959
		7,579	4,371
Creditors: amount falling due within one year	5	(130,648)	(132,402)
Net current assets		(123,069)	(128,031)

Total assets less current liabilities		541,742	483,779
Creditors: amount falling due after more than one year	6	(374,689)	(376,845)
Provisions for liabilities	7	(23,596)	(16,892)
Net assets		143,457	90,042

Capital and reserves
Called up share capital		100	100
Profit and loss account		143,357	89,942
Shareholders' funds		143,457	90,042

For the year ended 31 March 2025 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 24 December 2025 and were signed on its behalf by:

-------------------------------
Mr Olumide Alatise
Director

TISE PROPERTY MANAGEMENT LIMITED
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

TISE PROPERTY MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12277627, registration address UJIMA HOUSE, 97-107 WILDER STREET , BRISTOL, BS2 8QU.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the total Rent income received in the year by the company, net of Value Added Tax and other discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2024	509,811	509,811
Additions	-	-
Disposals	-	-
Revaluations	155,000	155,000
At 31 March 2025	664,811	664,811
Depreciation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
Closing balance as at 31 March 2025	664,811	664,811
Opening balance as at 01 April 2024	611,810	611,810

Fair value as at 31st March 2025

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	0	1,096
Other Debtors	1,276	1,316
	1,276	2,412

Creditors: amount falling due within one year

	2025 £	2024 £
Taxation and Social Security	327	0
Other Creditors	130,321	132,402
	130,648	132,402

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	0	2,139
Other Creditors	374,689	374,706
	374,689	376,845

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	23,596		16,892
	23,596		16,892

8.	Director’s loan

Transactions with the directors

Included in other creditors < 1 year is £125,720 (2024: £129,654) owed to the directors. The amount is unsecured, interest free and has no set repayment date. The company's directors who are also the controlling shareholders continue to make a personal guarantee towards the obligations and liabilities of the company. The director loan is not payable on demand and will not be settled at the detriment of the company.

Registered Number: 12277627
England and Wales
TISE PROPERTY MANAGEMENT LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025