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COMPANY REGISTRATION NUMBER: 01503604

Ten Tenths Limited

Filleted Unaudited Financial Statements

30 June 2025

Ten Tenths Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Intangible assets | 5 |  | 1 | 1
Tangible assets | 6 |  | 17,610,697 | 17,172,560
|  | ------------- | -------------
|  | 17,610,698 | 17,172,561

Current assets

Stocks | 265 |  | 265
Debtors | 7 | 4,855,032 |  | 4,155,502
Cash at bank and in hand | 1,997 |  | 4,371
| ------------ |  | ------------
| 4,857,294 |  | 4,160,138

Creditors: amounts falling due within one year | 8 | ( 17,593,266) |  | ( 24,239,499)
| ------------- |  | -------------
Net current liabilities |  | ( 12,735,972) | ( 20,079,361)
|  | ------------- | -------------
Total assets less current liabilities |  | 4,874,726 | ( 2,906,800)

Creditors: amounts falling due after more than one year | 9 |  | – | ( 1,888,000)
|  | ------------ | ------------
Net assets/(liabilities) |  | 4,874,726 | ( 4,794,800)
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 7,800,100 | 7,800,100
Profit and loss account |  | ( 2,925,374) | ( 12,594,900)
|  | ------------ | -------------
Shareholders funds/(deficit) |  | 4,874,726 | ( 4,794,800)
|  | ------------ | -------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ten Tenths Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 16 March 2026 , and are signed on behalf of the board by:

S Brittan
Director

Company registration number: 01503604

Ten Tenths Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 14-15 Berners Street, London, W1T 3LJ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Going concern
The financial statements have been prepared on the going concern basis which assumes the continuing financial support of the parent company. The directors have received confirmation that this financial support will continue to be provided for the foreseeable future to enable the company to continue as a going concern and to settle its liabilities as and when they fall due for a period of not less than 12 months from the date the accounts are approved.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Improvements to property | - | 10% Straight Line
| Fixtures, Fittings & Equipment | - | 10% & 20% Straight Line
| Motor Vehicles | - | 1% & 20% Straight Line
| Freehold Property | - | 10% Straight Line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 4 ).
5. Intangible assets

| Call option
| £
Cost |
At 1 July 2024 and 30 June 2025 | 1
| ----
Amortisation |
At 1 July 2024 and 30 June 2025 | –
| ----
Carrying amount |
At 30 June 2025 | 1
| ----
At 30 June 2024 | 1
| ----

6. Tangible assets

| Improvements to property | Fixtures, fittings & equipment | Motor vehicles | Freehold Property | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 July 2024 | 108,602 | 122,649 | 17,459,626 | 798,356 | 18,489,233
Additions | – | 541 | 997,207 | – | 997,748
Disposals | – | – | ( 432,253) | – | ( 432,253)
| --------- | --------- | ------------- | --------- | -------------
At 30 June 2025 | 108,602 | 123,190 | 18,024,580 | 798,356 | 19,054,728
| --------- | --------- | ------------- | --------- | -------------
Depreciation |  |  |  |  |
At 1 July 2024 | 107,749 | 104,506 | 758,464 | 345,954 | 1,316,673
Charge for the year | 487 | 4,684 | 142,852 | 79,835 | 227,858
Disposals | – | – | ( 100,500) | – | ( 100,500)
| --------- | --------- | ------------- | --------- | -------------
At 30 June 2025 | 108,236 | 109,190 | 800,816 | 425,789 | 1,444,031
| --------- | --------- | ------------- | --------- | -------------
Carrying amount |  |  |  |  |
At 30 June 2025 | 366 | 14,000 | 17,223,764 | 372,567 | 17,610,697
| --------- | --------- | ------------- | --------- | -------------
At 30 June 2024 | 853 | 18,143 | 16,701,162 | 452,402 | 17,172,560
| --------- | --------- | ------------- | --------- | -------------

7. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 4,707,918 | 3,332,625
Other debtors | 147,114 | 822,877
| ------------ | ------------
| 4,855,032 | 4,155,502
| ------------ | ------------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 8,322,046
Trade creditors | 2,187,514 | 3,501,707
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10,246,260 | 9,060,016
Corporation tax | 2,930,711 | –
Social security and other taxes | 22,427 | 5,899
Other creditors | 2,206,354 | 3,349,831
| ------------- | -------------
| 17,593,266 | 24,239,499
| ------------- | -------------

9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 1,888,000
| ---- | ------------

A fixed and floating charge containing a negative pledge was satisfied during the year.
10. Related party transactions
The company has taken advantage of the exemption available not to disclose transactions with other group companies which are 100% owned within the group.