REGISTERED NUMBER: NI670502 (Northern Ireland)

TECOL PROPERTIES LTD

Unaudited Financial Statements for the Year Ended 30 June 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Geoff Tweed

William Watson

REGISTERED OFFICE:

48 Straid Road

Ahoghill

Ballymena

BT42 2NT

REGISTERED NUMBER:

NI670502 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Tangible assets

5

2,456

3,275

Investment property

6

1,340,514

800,514

1,342,970

803,789

CURRENT ASSETS

Receivables: amounts falling due within one year

7

1,290

2,388

Cash at bank

13,013

20,896

14,303

23,284

PAYABLES

Amounts falling due within one year

8

(1,352,167

)

(825,202

)

NET CURRENT LIABILITIES

(1,337,864

)

(801,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,106

1,871

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

5,006

1,771

SHAREHOLDERS' FUNDS

5,106

1,871

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 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 8 October 2025 and were signed on its behalf by:

William Watson - Director

Geoff Tweed - Director

1.	STATUTORY INFORMATION

Tecol Properties Ltd is a private company, limited by shares , registered in Northern Ireland. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures and fittings

- 25% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset.

Changes in investment properties reserve whilst recognised in the Income Statement is separately classed in the statement of changes in equity in order to present the distributable reserves with retained earnings.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdraft. Bank overdrafts are shown within current liabilities.

Share capital

Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 July 2024

and 30 June 2025

3,500

DEPRECIATION

At 1 July 2024

225

Charge for year

819

At 30 June 2025

1,044

NET BOOK VALUE

At 30 June 2025

2,456

At 30 June 2024

3,275

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

800,514

Additions

540,000

At 30 June 2025

1,340,514

NET BOOK VALUE

At 30 June 2025

1,340,514

At 30 June 2024

800,514

The directors consider that such valuations are reflective of the open market value of the property at 30 June 2024.

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

100

100

Other receivables

1,190

2,288

1,290

2,388

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,342,846

816,846

Taxation and social security

8,038

7,102

Other payables

1,283

1,254

1,352,167

825,202

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100