Company Registration No. 07945873 (England and Wales)
TLC PROPERTY COMPANY (NORTHWOOD) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTS FOR FILING WITH REGISTRAR
TLC PROPERTY COMPANY (NORTHWOOD) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TLC PROPERTY COMPANY (NORTHWOOD) LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
83,005
83,005
Current assets
Debtors
4
5,671
5,363
Creditors: amounts falling due within one year
5
(83,559)
(83,977)
Net current liabilities
(77,888)
(78,614)
Net assets
5,117
4,391
Capital and reserves
Called up share capital
6
11
11
Profit and loss reserves
5,106
4,380
Total equity
5,117
4,391

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 March 2026 and are signed on its behalf by:
B Levy
Director
Company registration number 07945873 (England and Wales)
TLC PROPERTY COMPANY (NORTHWOOD) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

TLC Property Company (Northwood) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 True Lovers Court, Rickmansworth Road, Northwood, Middlesex, HA6 2QN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents ground rents receivable from the property held by the company.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments 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 initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, other loans and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

TLC PROPERTY COMPANY (NORTHWOOD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8

Status

During the year the company has acted as agent for the lessees of the property at True Lovers Court, Rickmansworth Road, Northwood, Middlesex HA6 2QN. The funds in relation to the maintenance of the property are held in trust. As at 31 December 2025 the cash balance held on behalf of the lessees amounted to £7,425.

The Company therefore reports no income or expenditure in relation to the maintenance of the common parts of the property held in accordance with the governing leases. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and not filed at Companies House. The accounts can be obtained from TLC Property Company (Northwood) Ltd.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2025 and 31 December 2025
83,005
Depreciation and impairment
At 1 January 2025 and 31 December 2025
-
0
Carrying amount
At 31 December 2025
83,005
At 31 December 2024
83,005
TLC PROPERTY COMPANY (NORTHWOOD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
5,671
5,363
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
171
174
Other creditors
83,388
83,803
83,559
83,977
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
11 Ordinary shares of £1 each
11
11
11
11
2025-12-31 2025-01-01 false false false 24 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity P Wild Beryl Levy Michael Hutter 07945873 2025-01-01 2025-12-31 07945873 2025-12-31 07945873 2024-12-31 07945873 core:LandBuildings 2025-12-31 07945873 core:LandBuildings 2024-12-31 07945873 core:CurrentFinancialInstruments 2025-12-31 07945873 core:CurrentFinancialInstruments 2024-12-31 07945873 core:ShareCapital 2025-12-31 07945873 core:ShareCapital 2024-12-31 07945873 core:RetainedEarningsAccumulatedLosses 2025-12-31 07945873 core:RetainedEarningsAccumulatedLosses 2024-12-31 07945873 core:ShareCapitalOrdinaryShareClass1 2025-12-31 07945873 core:ShareCapitalOrdinaryShareClass1 2024-12-31 07945873 bus:Director2 2025-01-01 2025-12-31 07945873 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07945873 2024-01-01 2024-12-31 07945873 core:LandBuildings 2024-12-31 07945873 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 07945873 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07945873 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 07945873 bus:OrdinaryShareClass1 2025-12-31 07945873 bus:OrdinaryShareClass1 2024-12-31 07945873 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07945873 bus:FRS102 2025-01-01 2025-12-31 07945873 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 07945873 bus:Director1 2025-01-01 2025-12-31 07945873 bus:Director3 2025-01-01 2025-12-31 07945873 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07945873 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP