Company No: 04186219 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	108,454		112,250
Investment property	4	25,281		0
		133,735		112,250
Current assets
Debtors	5	123,411		118,441
Cash at bank and in hand		981		6,517
		124,392		124,958
Creditors: amounts falling due within one year	6	( 447,400)		( 375,612)
Net current liabilities		(323,008)		(250,654)
Total assets less current liabilities		(189,273)		(138,404)
Creditors: amounts falling due after more than one year	7	( 20,814)		( 26,865)
Net liabilities		( 210,087)		( 165,269)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 210,187 )		( 165,369 )
Total shareholder's deficit		( 210,087)		( 165,269)

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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of TCI Construction Limited (registered number: 04186219) were approved and authorised for issue by the Director on 24 December 2025. They were signed on its behalf by:

J S Payne Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TCI Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 1 Lansdowne Place, 17 Holdenhurst Road, Bournemouth, Dorset, BH8 8EW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £210,087. The Company is supported through loans from the director and his companies. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		2

3. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	103,131		24,904		9,599		13,655		151,289
Additions	0		0		0		114		114
At 31 December 2024	103,131		24,904		9,599		13,769		151,403
Accumulated depreciation
At 01 January 2024	0		21,580		8,344		9,115		39,039
Charge for the financial year	0		831		314		2,765		3,910
At 31 December 2024	0		22,411		8,658		11,880		42,949
Net book value
At 31 December 2024	103,131		2,493		941		1,889		108,454
At 31 December 2023	103,131		3,324		1,255		4,540		112,250

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	0
Additions	25,281
As at 31 December 2024	25,281

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	25,281		0

The directors consider the value of the property to be at fair value.

5. Debtors

	2024		2023
	£		£
Trade debtors	5,184		265
Amounts owed by related parties	114,011		113,969
Other debtors	4,216		4,207
	123,411		118,441

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	6,041		5,381
Trade creditors	2,777		24,079
Amounts owed to related parties	412,161		330,837
Corporation tax	41		41
Other taxation and social security	7,936		8,108
Other creditors	18,444		7,166
	447,400		375,612

The mortgage with Lloyds bank is secured on the leasehold property of the Company with a carrying value of £26,855. It holds fixed and floating charges and the terms of the charge prohibit or restrict the chargor from creating any further security that will rank equally with or ahead of the charge. There is a also a debenture with Lloyds bank on all monies due or to become due from the company to the chargee on any account whatsoever. It holds fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	20,814		26,865

The mortgage with Lloyds bank is secured on the leasehold property of the Company with a carrying value of £26,855. It holds fixed and floating charges and the terms of the charge prohibit or restrict the chargor from creating any further security that will rank equally with or ahead of the charge. There is a also a debenture with Lloyds bank on all monies due or to become due from the company to the chargee on any account whatsoever. It holds fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.