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Registrar

Registration number: 14711092

Tarn Mitchell Property Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Tarn Mitchell Property Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Tarn Mitchell Property Limited

Company Information

Directors | W D T Mitchell

Registered office | 3 Warners Mill Silks Way Braintree England CM7 3GB

Bankers | Revolut Limited 7 Westferry Circus Canary Wharf London E14 4HD

Accountants | Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Tarn Mitchell Property Limited

(Registration number: 14711092)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 822,742 | 212,411
Current assets |  |  |
Debtors | 5 | 64,980 | 60,462
Cash at bank and in hand |  | 530 | -
|  | 65,510 | 60,462
Creditors: Amounts falling due within one year | 6 | (65,194) | (63,380)
Net current assets/(liabilities) |  | 316 | (2,918)
Total assets less current liabilities |  | 823,058 | 209,493
Creditors: Amounts falling due after more than one year | 6 | (801,584) | (209,508)
Net assets/(liabilities) |  | 21,474 | (15)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 21,374 | (115)
Shareholders' funds/(deficit) |  | 21,474 | (15)

For the financial 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.

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 March 2026

W D T Mitchell
Director

Tarn Mitchell Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

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

The address of its registered office and principle place of business is: 3 Warners Mill, Silks Way, Braintree, England, CM7 3GB.

These financial statements were authorised for issue by the director on 24 March 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.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The valuations are calculated using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Tarn Mitchell Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

3 | Staff numbers

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

4 | Investment properties

| 2025 £
At 1 July | 212,411
Additions | 610,331
At 30 June | 822,742

There has been no valuation of investment property by an independent valuer.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 64,210 | 60,000
Prepayments | 770 | 462
| 64,980 | 60,462

Tarn Mitchell Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Amounts owed to group undertakings | 60,000 | 62,456
Other creditors | 4,210 | -
Accruals and deferred income | 984 | 924
| 65,194 | 63,380

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Amounts owed to group undertakings |  | 801,584 | 209,508

Although the amounts owed to group undertakings is repayable on demand, it is unlikely to be repaid in full during the year.

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100