REGISTERED NUMBER: 11030397 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TENDERLEAF PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P Patel

Dr J S Patel

REGISTERED OFFICE:

7 St. John's Road

Harrow

Middlesex

HA1 2EY

REGISTERED NUMBER:

11030397 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

1,039

2,143

Investment property

5

13,973,000

13,172,280

13,974,039

13,174,423

CURRENT ASSETS

Debtors

6

80,878

33,417

Cash at bank

117,598

55,489

198,476

88,906

CREDITORS

Amounts falling due within one year

7

88,953

170,956

NET CURRENT ASSETS/(LIABILITIES)

109,523

(82,050

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,083,562

13,092,373

CREDITORS

Amounts falling due after more than one year

8

(1,073,140

)

-

PROVISIONS FOR LIABILITIES

(606,641

)

(649,186

)

NET ASSETS

12,403,781

12,443,187

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Share premium Account

9,289,000

9,289,000

Fair value reserve

10

2,606,823

2,733,630

Retained earnings

505,958

418,557

12,403,781

12,443,187

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 Profit and loss account 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:

Mrs P Patel - Director

1.	STATUTORY INFORMATION

Tenderleaf 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.

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.

Revenue recognition

Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

Turnover

Turnover represents gross rent receivable in the normal course of the company's business.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

Financial instruments

Financial assets and financial liabilities are recognised in the Company’s balance sheet when the Company becomes a party to the contractual provisions of the instrument.

Loans and borrowings

Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

2,168

2,938

5,106

DEPRECIATION

At 1 April 2024

1,792

1,171

2,963

Charge for year

125

979

1,104

At 31 March 2025

1,917

2,150

4,067

NET BOOK VALUE

At 31 March 2025

251

788

1,039

At 31 March 2024

376

1,767

2,143

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

13,172,280

Additions

969,796

Impairments

(169,076

)

At 31 March 2025

13,973,000

NET BOOK VALUE

At 31 March 2025

13,973,000

At 31 March 2024

13,172,280

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

3,128,299

Valuation in 2023

153,701

Valuation in 2024

100,280

Valuation in 2025

(169,076

)

Cost

10,759,796

13,973,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

80,878

33,417

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

100,000

Taxation and social security

39,624

50,214

Other creditors

49,329

20,742

88,953

170,956

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,073,140

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,073,140

100,000

The bank loans are secured by a fixed charge over the investment properties of the company. The loan is an interest-only facility with the final payment due in 2029.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,733,630

Reclassification

(126,807

)

At 31 March 2025

2,606,823

11.	RELATED PARTY DISCLOSURES

Included within other creditors as at yearend is £420 (2024: £891), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.