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Registration number: 11506827

Taylor Stone Ltd
Unaudited Financial Statements
for the Year Ended 31 August 2025

Taylor Stone Ltd

(Registration number: 11506827)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 14,158 | 28,706
Investment property | 4 | 808,350 | 444,900
|  | 822,508 | 473,606
Current assets |  |  |
Cash at bank and in hand |  | 4,733 | 533
Creditors: Amounts falling due within one year | 5 | (280,253) | (238,307)
Net current liabilities |  | (275,520) | (237,774)
Total assets less current liabilities |  | 546,988 | 235,832
Creditors: Amounts falling due after more than one year | 5 | (558,717) | (263,477)
Net liabilities |  | (11,729) | (27,645)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Revaluation reserve |  | 133,863 | 78,863
Retained earnings |  | (145,692) | (106,608)
Shareholders' deficit |  | (11,729) | (27,645)

For the financial year ending 31 August 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 12 March 2026

.........................................

S E Stone

Director

Taylor Stone Ltd

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

1 | Accounting policies

Statutory information

Taylor Stone Ltd is a private company, limited by shares, domiciled in England and Wales, company number 11506827. The registered office is at Pegasus House, 463a Glossop Road, Sheffield, S10 2QD.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Accordingly they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents rental income from occupied investment properties.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Taylor Stone Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

1 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% straight line
Investment property | Not depreciated

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard FRS102 - Section 1A, as follows:
This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the director considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

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

Taylor Stone Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

3 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 58,190 | 58,190
At 31 August 2025 | 58,190 | 58,190
Depreciation
At 1 September 2024 | 29,484 | 29,484
Charge for the year | 14,548 | 14,548
At 31 August 2025 | 44,032 | 44,032
Carrying amount
At 31 August 2025 | 14,158 | 14,158
At 31 August 2024 | 28,706 | 28,706

4 | Investment properties

Valuation | 2025 £
At 1 September 2024 | 444,900
Additions | 308,450
Fair value adjustments | 55,000
At 31 August 2025 | 808,350

The investment properties class of fixed assets were revalued by the directors on 31 August 2025. The basis of this valuation was existing use basis. The class of assets has a current value of £808,350 and a carrying amount at historical cost of £674,487. The depreciation on this historical cost is £Nil.

Taylor Stone Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 2,496 | 2,400
Other creditors | 277,757 | 235,907
| 280,253 | 238,307

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Loans and borrowings | 558,717 | 263,477

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years by instalments | 558,717 | 263,477

| - | -

Bank loans and overdrafts after 5 years
The bank loans are in respect of Mortgage Works. They are repayable in line with the terms of the loan. The loans are interest only. The bank loans are secured on 25 Brinkburn Road, Hazel Grove, Stockport, SK7 4NR, 5 Fenton Street, Bury, Lancashire, BL8 1LU, 22 Garston Street, Bury, BL9 6EW and 1 Old Hall Street, Macclesfield, SK10 2DT.

6 | Related party transactions

Included in other creditors is an amount of £274,908 (2024: £231,720) due to the director. The loan is interest free.