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Registered number: 00514164
North Hants Tyre And Remoulding Company Limited
Financial Statements
For The Year Ended 31 December 2025
TaxAssist Accountants
North Hants Tyre And Remoulding Company Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—8

Page 1
North Hants Tyre And Remoulding Company Limited
Company Information
For The Year Ended 31 December 2025
Company Information

Directors | Mrs Janet Pettifor
| Mr John Pettifor
| Ms Lucy Pettifor
| Mr John Pettifor (Jnr)
| Mr James Pettifor
Secretary | Mr John Pettifor
Company Number | 00514164
Registered Office | Henry John House
| 2 Ivy Road
| Aldershot
| Hants
| GU12 4TX
Accountants | TaxAssist Accountants
| 36 Yorktown Road
| Sandhurst
| Berkshire
| GU47 9DT

Page 1
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North Hants Tyre And Remoulding Company Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 00514164

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,412,033 |  | 1,346,389
Investment Properties | 5 |  | 1,216,025 |  | 1,090,004
|  |  | 2,628,058 |  | 2,436,393
CURRENT ASSETS
Stocks | 6 | 885,020 |  | 1,133,668 |
Debtors | 7 | 78,897 |  | 87,276 |
Cash at bank and in hand |  | 791,835 |  | 790,216 |
|  | 1,755,752 |  | 2,011,160 |
Creditors: Amounts Falling Due Within One Year | 8 | (53,596 ) |  | (80,482 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,702,156 |  | 1,930,678
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,330,214 |  | 4,367,071
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (647,209 ) |  | (278,696 )
NET ASSETS |  |  | 3,683,005 |  | 4,088,375
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 3,682,005 |  | 4,087,375
SHAREHOLDERS' FUNDS |  |  | 3,683,005 |  | 4,088,375

Page 2
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North Hants Tyre And Remoulding Company Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr John Pettifor Director
25/03/2026

The notes on pages 4 to 8 form part of these financial statements.
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North Hants Tyre And Remoulding Company Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
North Hants Tyre And Remoulding Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00514164 . The registered office is Henry John House, 2 Ivy Road, Aldershot, Hants, GU12 4TX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | Revaluation method
Plant & Machinery | 25% reducing balance
Computer Equipment | 25% reducing balance

Freehold includes land with no buildings at the cost of £40,000 and is not amortised.
The company’s commercial property is classified as Property, Plant and Equipment in accordance with FRS 102 Section 17. The revaluation model has been adopted. The property was revalued by an independent valuer as at 31 December 2023, and this valuation is reflected in the carrying amount. The directors have reviewed available market evidence and have concluded that the carrying amount at 31 December 2025 does not differ materially from the fair value that would be determined at the reporting date. Accordingly, no revaluation has been performed in the current year, and the previously revalued amount continues to be used as the basis for measurement.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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North Hants Tyre And Remoulding Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 12)
12 12
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost or Valuation
As at 1 January 2025 | 1,138,200 | 526,971 | 5,089 | 1,670,260
Additions | - | 133,000 | - | 133,000
As at 31 December 2025 | 1,138,200 | 659,971 | 5,089 | 1,803,260
Depreciation
As at 1 January 2025 | - | 322,351 | 1,520 | 323,871
Provided during the period | - | 66,464 | 892 | 67,356
As at 31 December 2025 | - | 388,815 | 2,412 | 391,227
Net Book Value
As at 31 December 2025 | 1,138,200 | 271,156 | 2,677 | 1,412,033
As at 1 January 2025 | 1,138,200 | 204,620 | 3,569 | 1,346,389

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North Hants Tyre And Remoulding Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Cost or valuation as at 31 December 2025 represented by:

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
At cost | 1,138,200 | 659,971 | 5,089 | 1,803,260
| 1,138,200 | 659,971 | 5,089 | 1,803,260

Freehold land and properties were revalued based on an open market basis on 31 December 2023 by J Pettifor, a director.
The directors' believe that there are no movements in the valuations of the property.
5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 January 2025 | 1,090,004
Additions | 126,021
As at 31 December 2025 | 1,216,025

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 448,272 |  | 322,251

The investment properties continues to be held at the fair value determined at 31 December 2023. The director has not obtained a revaluation at 31 December 2025 on the basis that this would require undue cost or effort. The director is satisfied that there have been no material changes to the properties value during the year.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 885,020 |  | 1,133,668

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 61,643 |  | 60,983
Prepayments and accrued income | 12,865 |  | 10,802
Other debtors | 1,142 |  | 1,142
Corporation tax recoverable assets | 455 |  | 455
VAT | - |  | 12,498
Directors' loan accounts | - |  | 1,396
| 76,105 |  | 87,276
Due after more than one year
Other debtors | 2,792 |  | -
| 78,897 |  | 87,276

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North Hants Tyre And Remoulding Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,056 |  | (14,459 )
Corporation tax | - |  | 72,943
Other taxes and social security | 7,806 |  | 4,191
VAT | 32,760 |  | -
Net wages | - |  | 13,294
Pension payable | 917 |  | 917
Other creditors (1) | - |  | 6
Accruals and deferred income | 3,661 |  | 3,590
Directors' loan accounts | 1,396 |  | -
| 53,596 |  | 80,482

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 647,209 |  | 278,696

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

11. Pension Commitments
The company operates a defined contribution pension scheme for its employees'. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £917 (PY £917) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Mrs Janet Pettifor | 26,620 | 24,500

13. Reserves

| Profit and Loss Account
--- | ---
| £
As at 1 January 2025 | 4,087,375
Loss for the year and total comprehensive income | (352,130 )
Dividends paid | (53,240)
As at 31 December 2025 | 3,682,005

At 31 December 2025, undistributable reserves comprise unrealised gains on investment property and the revaluation of freehold property, together with the related deferred tax. These total £1,186,401 (2024 £2,505,976) and represent gains that are not distributable until realised.
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North Hants Tyre And Remoulding Company Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
14. Related Party Transactions
Tyre Stockists (Farnborough) Limited, a company in which Janet Pettifor holds 100% of the issued share capital, is considered a related party of the company. Janet Pettifor is also a director and shareholder of North Hants Tyre & Remoulding Company Limited.
No transactions occurred during the year with related parties, but Tyre Stockists (Farnborough) Limited is a related party by virtue of common directorship and control.
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