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Registration number: 11360395

Telmar Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Telmar Limited

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 7

Telmar Limited

Company Information

Director | Mr Ian Batterbee

Registered office | 5A The Gardens Fareham Hampshire PO16 8SS

Accountants | Avenue Business Services 5A The Gardens Fareham Hampshire PO16 8SS

Telmar Limited

(Registration number: 11360395)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Debtors | 4 | 18,425 | 25,452
Cash at bank and in hand |  | 1,180 | 363
|  | 19,605 | 25,815
Creditors: Amounts falling due within one year | 5 | (6,402) | (6,406)
Total assets less current liabilities |  | 13,203 | 19,409
Creditors: Amounts falling due after more than one year | 5 | (25,270) | (31,477)
Net liabilities |  | (12,067) | (12,068)
Capital and reserves |  |  |
Called up share capital | 6 | 1 | 1
Retained earnings |  | (12,068) | (12,069)
Shareholders' deficit |  | (12,067) | (12,068)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 February 2026

......................................... Mr Ian Batterbee Director

Telmar Limited

Statement of Changes in Equity for the Year Ended 31 May 2025

| Share capital £ | Retained earnings £ | Total £
At 1 June 2024 | 1 | (12,069) | (12,068)
Profit for the year | - | 1 | 1
At 31 May 2025 | 1 | (12,068) | (12,067)

| Share capital £ | Retained earnings £ | Total £
At 1 June 2023 | 1 | (12,069) | (12,068)
At 31 May 2024 | 1 | (12,069) | (12,068)

Telmar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5A The Gardens
Fareham
Hampshire
PO16 8SS

These financial statements were authorised for issue by the director on 24 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Telmar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 18,425 | 25,452
| 18,425 | 25,452

Telmar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 6,312 | 6,316
Accruals and deferred income |  | 90 | 90
|  | 6,402 | 6,406

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 25,270 | 31,477

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 25,270 | 31,477

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 6,312 | 6,316

Bank borrowings

Bounce back loan is denominated in £. The carrying amount at year end is £37,793 (2024 - £38,023).

Telmar Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Related party transactions

Transactions with the director

2025 | At 1 June 2024 £ | At 31 May 2025 £
Mr Ian Batterbee
Advances by/to director | (2,280) | (2,280)

2024 | At 1 June 2023 £ | Repayments by director £ | At 31 May 2024 £
Mr Ian Batterbee
Advances by/to director | (8,280) | 6,000 | (2,280)

Summary of transactions with all entities with joint control or significant interest

Lesurf Limited Loan to/(by) the company

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 3,332 | 3,332
Advanced | (16,088) | (16,088)
Repaid | (3,332) | (3,332)
At end of period | (16,088) | (16,088)

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 12,015 | 12,015
Repaid | (8,683) | (8,683)
At end of period | 3,332 | 3,332