REGISTERED NUMBER: 05095146 (England and Wales)

T. G. ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T Agasee

Mr G L Agasee

SECRETARY:

Mrs T Agasee

REGISTERED OFFICE:

201 Parma House

Clarendon Road

Wood Green

London

N22 6XF

REGISTERED NUMBER:

05095146 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investment property

4

3,500,000

3,500,000

CURRENT ASSETS

Debtors

5

925

1,250

Cash at bank

39,368

32,102

40,293

33,352

CREDITORS

Amounts falling due within one year

6

551,941

531,262

NET CURRENT LIABILITIES

(511,648

)

(497,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,988,352

3,002,090

CREDITORS

Amounts falling due after more than one year

7

(46,618

)

(117,486

)

PROVISIONS FOR LIABILITIES

10

(253,347

)

(253,347

)

NET ASSETS

2,688,387

2,631,257

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

1,774,441

1,774,441

Retained earnings

12

913,846

856,716

SHAREHOLDERS' FUNDS

2,688,387

2,631,257

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 30 December 2025 and were signed on its behalf by:

Mr G L Agasee - Director

1.	STATUTORY INFORMATION

T. G. Estates 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The company adopted FRS 102 1A in the current year and an explanation of how transition of FRS 102 1A has affected the reported financial position and performance is given in the notes.

Turnover

Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent becomes due under the lease agreement.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,500,000

NET BOOK VALUE

At 31 March 2025

3,500,000

At 31 March 2024

3,500,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

260,000

Valuation in 2007

771,122

Valuation in 2021

1,000,000

Cost

1,468,878

3,500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

1,468,878

1,468,878

Investment property was valued on an open market basis on 31 March 2021 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Prepayments

925

1,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

95,297

94,767

Amount owed to related company

2,888

12,879

Tenants deposits

15,680

14,618

Directors' current accounts

435,616

406,658

Accrued expenses

2,460

2,340

551,941

531,262

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

46,618

117,486

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

46,618

70,868

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

46,618

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

46,618

117,486

The bank loans are secured by a debenture over a first charge on the freehold properties of the company.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

253,347

253,347

Deferred

tax

£

Balance at 1 April 2024

253,347

Balance at 31 March 2025

253,347

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

856,716

1,774,441

2,631,157

Profit for the year

57,130

57,130

At 31 March 2025

913,846

1,774,441

2,688,287

13.	ULTIMATE CONTROLLING PARTY

Both directors Mr G L Agasee and Mrs T Agasee have joint control over the company as a result of a 50/50 ownership of the share capital.