REGISTERED NUMBER: 09045074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TMW PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Wimble

C E Wimble

REGISTERED OFFICE:

The Dairy Barns Dunsborough Park

Ripley

Woking

Surrey

GU23 6AL

REGISTERED NUMBER:

09045074 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

1,256,826

1,294,766

Investment property

5

4,435,000

4,266,900

5,691,826

5,561,666

CURRENT ASSETS

Debtors

6

38,503

1,457

Cash at bank and in hand

431,844

319,785

470,347

321,242

CREDITORS

Amounts falling due within one year

7

5,638,407

5,521,468

NET CURRENT LIABILITIES

(5,168,060

)

(5,200,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

523,766

361,440

PROVISIONS FOR LIABILITIES

15,906

2,230

NET ASSETS

507,860

359,210

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

69,825

-

Retained earnings

8

438,034

359,209

507,860

359,210

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 29 December 2025 and were signed on its behalf by:

T M Wimble - Director

1.	STATUTORY INFORMATION

TMW Properties 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 amounts receivable in respect of rents during the year. Turnover is recognised on an accruals basis over the period to which it relates.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Freehold land and buildings 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 end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, 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 end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Financial instruments

The company has elected to apply the recognition and measurement provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and overdrafts, are recognised at transaction price.

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.

Current or deferred tax for the year is recognised in the profit or loss, except when they relate to items that are recognised in the revaluation reserve, in which case the current and deferred tax is also recognised in the revaluation reserve.

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and the ongoing support of the directors.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost or valuation

At 1 January 2024

1,285,845

16,408

1,302,253

Revaluations

(35,845

)

-

(35,845

)

At 31 December 2024

1,250,000

16,408

1,266,408

Depreciation

At 1 January 2024

-

7,487

7,487

Charge for year

-

2,095

2,095

At 31 December 2024

-

9,582

9,582

Net book value

At 31 December 2024

1,250,000

6,826

1,256,826

At 31 December 2023

1,285,845

8,921

1,294,766

The freehold property is used by the business as its offices.

The fair value of the company's freehold land and buildings as at 31 December 2024 has been arrived at on the basis of a valuation carried out on 31 December 2024, by the directors, on a market value basis. The valuation was arrived at by reference to market evidence.

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2024

4,266,900

Additions

75,000

Revaluations

93,100

At 31 December 2024

4,435,000

Net book value

At 31 December 2024

4,435,000

At 31 December 2023

4,266,900

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

4,435,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

as restated

£

£

Cost

4,341,900

4,266,900

Investment property was valued on an open market basis on 31 December 2024 by the directors. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Other debtors

38,503

1,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

819

-

Taxation and social security

35,822

13,093

Other creditors

5,601,766

5,508,375

5,638,407

5,521,468

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

359,209

-

359,209

Profit for the year

148,650

-

148,650

Non distributable reserves in

relation to revaluations

(69,825

)

69,825

-

At 31 December 2024

438,034

69,825

507,859

9.	RELATED PARTY DISCLOSURES

During the year the directors provided financial support by way of an interest free loan to TMW Properties Limited. At the reporting date amounts were due to the directors totalling £5,578,240 (2023: £5,508,117).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T M Wimble.

By virtue of her ownership of 100% of the issued share capital in the company.

11.	PRIOR YEAR ADJUSTMENT

Land and buildings owned by the company were reanalysed to investment properties, to reflect their purpose. There is no effect on total current assets, net assets or profit reported.