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Registered number: 10851827
TFS Property Company Ltd
Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10851827
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,365,340 1,893,339
2,365,340 1,893,339
CURRENT ASSETS
Debtors 5 28,000 6,567
Cash at bank and in hand 74,156 16,513
102,156 23,080
Creditors: Amounts Falling Due Within One Year 6 (80,723 ) (14,738 )
NET CURRENT ASSETS (LIABILITIES) 21,433 8,342
TOTAL ASSETS LESS CURRENT LIABILITIES 2,386,773 1,901,681
Creditors: Amounts Falling Due After More Than One Year 7 (2,254,076 ) (1,771,443 )
NET ASSETS 132,697 130,238
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 84,000 84,000
Profit and Loss Account 48,597 46,138
SHAREHOLDERS' FUNDS 132,697 130,238
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 S Pyefinch
Director
20 April 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TFS Property Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10851827 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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 in accordance with the property
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2024 1,893,339
Additions 472,001
As at 31 July 2025 2,365,340
Net Book Value
As at 31 July 2025 2,365,340
As at 1 August 2024 1,893,339
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,881 -
Other debtors 24,119 6,567
28,000 6,567
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 2,222 2,222
Other creditors 78,501 12,516
80,723 14,738
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,904,076 1,421,443
Other creditors 350,000 350,000
2,254,076 1,771,443
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 August 2024 84,000 46,138
Profit for the year and total comprehensive income - 2,459
As at 31 July 2025 84,000 48,597
Page 4