REGISTERED NUMBER: 12350625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TYPD VENTURES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

2,480,144

2,669,608

CURRENT ASSETS

Debtors

5

99,759

105,053

Cash at bank

3,476

10,083

103,235

115,136

CREDITORS

Amounts falling due within one year

6

240,575

293,411

NET CURRENT LIABILITIES

(137,340

)

(178,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,342,804

2,491,333

CREDITORS

Amounts falling due after more than one year

7

(2,174,540

)

(2,331,049

)

PROVISIONS FOR LIABILITIES

9

(100,366

)

(108,655

)

NET ASSETS

67,898

51,629

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

301,097

325,964

Retained earnings

(233,299

)

(274,435

)

SHAREHOLDERS' FUNDS

67,898

51,629

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2024 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 15 December 2025 and were signed on its behalf by:

Mr S T Savage - Director

1.	STATUTORY INFORMATION

TYPD Ventures 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:

12350625

Registered office:

1 Kings Avenue

London

N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,669,608

Disposals

(156,309

)

Revaluations

(33,155

)

At 31 December 2024

2,480,144

NET BOOK VALUE

At 31 December 2024

2,480,144

At 31 December 2023

2,669,608

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

434,618

Valuation in 2024

(33,155

)

Cost

2,078,681

2,480,144

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

2023

2022

£

£

Cost

2,234,990

2,234,990

The directors consider the market value of investment property to be as stated in the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

99,759

105,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,592

10,129

Taxation and social security

200

200

Other creditors

231,783

283,082

240,575

293,411

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,174,540

2,331,049

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,174,540

2,331,049

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,174,540

2,331,049

Bank loan and other loans are secured by way of fixed and floating charge on the properties of the company and contains a negative pledge.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

100,366

108,655

Deferred

tax

£

Balance at 1 January 2024

108,655

Credit to Income Statement during year

(8,289

)

Balance at 31 December 2024

100,366

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

325,964

Movement during the year

(24,867

)

At 31 December 2024

301,097

11.	RELATED PARTY DISCLOSURES

Included in other debtors less than one year is an amount of £92,215 (2023: £96,333) due from connected companies with common control. The loans are interest-free and recoverable on demand.

Included in other creditors due within one year is an amount of £1,000 (2023: £Nil) due to connected companies under common control. The loans are interest-free and repayable on demand.