Tadcaster Business Centre Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02598434 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Tadcaster Business Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Percival

Mrs R A Percival

SECRETARY:

M R Percival

REGISTERED OFFICE:

4-6 Bridge Street

Tadcaster

North Yorkshire

LS24 9AL

REGISTERED NUMBER:

02598434 (England and Wales)

ACCOUNTANT:

L Green & Co

Chartered Certified Accountants

14 Mayfields

Scawthorpe

Doncaster

South Yorkshire

DN5 7UA

FIXED ASSETS

Tangible assets

4

444,246

433,979

CURRENT ASSETS

Debtors

5

22,321

21,469

Cash at bank

29,840

2,522

52,161

23,991

CREDITORS

Amounts falling due within one year

6

75,007

52,183

NET CURRENT LIABILITIES

(22,846

)

(28,192

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

421,400

405,787

PROVISIONS FOR LIABILITIES

41,205

NET ASSETS

380,195

364,582

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

7

185,971

174,971

Retained earnings

194,124

189,511

SHAREHOLDERS' FUNDS

380,195

364,582

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:

M R Percival - Director

1.	STATUTORY INFORMATION

Tadcaster Business Centre 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.

Turnover

Turnover represents invoiced commercial rental income and services on a quarterly or monthly basis, net of value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

over 25 years

Computer equipment

-

33% on cost

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Computer

property

machinery

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

440,000

20,680

-

1,000

461,680

Additions

-

291

-

291

Revaluations

11,000

-

11,000

At 31 March 2025

451,000

20,680

291

1,000

472,971

DEPRECIATION

At 1 April 2024

17,777

9,099

-

825

27,701

Charge for year

-

827

23

174

1,024

At 31 March 2025

17,777

9,926

23

999

28,725

NET BOOK VALUE

At 31 March 2025

433,223

10,754

268

1

444,246

At 31 March 2024

422,223

11,581

-

175

433,979

Cost or valuation at 31 March 2025 is represented by:

Improvements

Freehold

to

Plant and

Computer

property

machinery

equipment

Totals

£

Valuation in 2019

100,000

-

100,000

Valuation in 2021

176,014

-

176,014

Valuation in 2022

(60,000

)

-

(60,000

)

Valuation in 2025

11,000

-

11,000

Cost

223,986

20,680

291

1,000

245,957

451,000

20,680

291

1,000

472,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

6,608

Other debtors

16,744

14,861

Directors' current accounts

5,577

-

22,321

21,469

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

(2

)

Amounts owed to group undertakings

56,267

45,922

Tax

1,944

-

VAT

2,255

2,121

Other creditors

10,000

-

Directors' current accounts

1,875

1,876

Accrued expenses

2,666

2,266

75,007

52,183

7.

RESERVES

Fair

value

reserve

£

At 1 April 2024

174,971

Surplus on revaluation of properties during
the year

11,000

At 31 March 2025

185,971

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

M R Percival

Balance outstanding at start of year

-

Amounts advanced

5,577

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

5,577

-

B Percival

Balance outstanding at start of year

(1,875

)

(1,875

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,875

)

(1,875

)

9.	RELATED PARTY DISCLOSURES

Balances due to related parties at the year end are as follows:

Thomson & French Limited £39,433 (2024:£39,433)

Thomson & French Rentals Limited £7,876 (2024:£6,489)

Bilbrough Holdings Ltd £7,959 (2024 : £Nil)

Bromil Ltd £1,000 (2024 : £Nil)

Balances due from related parties at the year end are as follows:

Brian Percival Associates £14,861 (2024:£14,861)

10.	ULTIMATE CONTROLLING PARTY

The company is owned and controlled by the Beverley Laxdale Discretionary Trust.