REGISTERED NUMBER: 14700992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

TIBS Housing (Cambridge) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C W Snelling

REGISTERED OFFICE:

Solent House

107A Alma Road

Southampton

SO14 6UY

REGISTERED NUMBER:

14700992 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

524

-

Investment property

5

227,709

187,164

228,233

187,164

CURRENT ASSETS

Debtors

6

-

1,292

Cash at bank

3,613

86

3,613

1,378

CREDITORS

Amounts falling due within one year

7

234,137

188,541

NET CURRENT LIABILITIES

(230,524

)

(187,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,291

)

1

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(2,292

)

-

SHAREHOLDERS' FUNDS

(2,291

)

1

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 his 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 director and authorised for issue on 29 December 2025 and were signed by:

Mr C W Snelling - Director

1.	STATUTORY INFORMATION

TIBS Housing (Cambridge) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

524

At 31 March 2025

524

NET BOOK VALUE

At 31 March 2025

524

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

187,164

Additions

40,545

At 31 March 2025

227,709

NET BOOK VALUE

At 31 March 2025

227,709

At 31 March 2024

187,164

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

227,709

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

-

1,292

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

6,574

-

Directors' current accounts

224,935

187,461

Accruals and deferred income

1,500

-

Accrued expenses

1,128

1,080

234,137

188,541

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£0.01

1

1

9.

RESERVES

Retained

earnings

£

Deficit for the year

(2,292

)

At 31 March 2025

(2,292

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

31.3.25

31.3.24

£

£

Mr C W Snelling

Balance outstanding at start of year

(187,281

)

-

Amounts advanced

8,664

1

Amounts repaid

(46,138

)

(187,282

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(224,755

)

(187,281

)

11.	RELATED PARTY DISCLOSURES

During the year the director, Mr C Snelling advanced funds to the company to finance the construction of the company's rental property. The balance outstanding on the director's loan account at 31 March 2025 was £224,755 (2024: £187,282).

From September, when the property became available for letting, interest was charged on the outstanding loan balance at a rate of 5% per annum, which the directors consider to be on commercial terms. Interest charged for the period from 1 September 2024 to 31 March 2025 amounted to £6,573.

At the year end, the interest had been accrued and remained unpaid. The interest will be settled in cash in due course.

No other related party transactions requiring disclosure occurred during the year.