Company registration number 14447724 (England and Wales)
TEAM RENOVATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
TEAM RENOVATIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
TEAM RENOVATIONS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
FIXED ASSETS
Tangible assets
3
1,559
-
0
Investment property
4
560,969
236,625
562,528
236,625
CURRENT ASSETS
Debtors
5
9,275
154
Cash at bank and in hand
4,313
9,488
13,588
9,642
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(597,896)
(255,650)
NET CURRENT LIABILITIES
(584,308)
(246,008)
NET LIABILITIES
(21,780)
(9,383)
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss reserves
(21,880)
(9,483)
TOTAL EQUITY
(21,780)
(9,383)

For the financial year ended 31 October 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.

TEAM RENOVATIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2025
31 October 2025
- 2 -

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 April 2026 and are signed on its behalf by:
Mr T Webster
Director
Company registration number 14447724 (England and Wales)
TEAM RENOVATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

Team Renovations Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Kelso Place, Upper Bristol Road, Bath, BA1 3AU.

1.1
Basis of preparation

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, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts show that the company had net liabilities of £21,780 (2024 - £9,383) at the balance sheet date. The directors have therefore had to consider the appropriateness of the going concern basis. true

The company has been able to finance its operations largely because of support from the directors. Were this support not available, the company may not be able to continue trading.

The directors are confident that the company will be able to meet its obligations for at least the next twelve months with the continuing support of these creditors. They therefore consider it appropriate to prepare the accounts on the going concern basis.

1.3
Turnover

Revenue comprises sales of goods or services net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts

1.4
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:

Plant and equipment
20% straight line
Fixtures and fittings
20% straight line

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.

TEAM RENOVATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

TEAM RENOVATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
ACCOUNTING POLICIES
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
EMPLOYEES

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

2025
2024
Number
Number
Total
2
2
TEAM RENOVATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
3
TANGIBLE FIXED ASSETS
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 November 2024
-
0
-
0
-
0
Additions
1,605
139
1,744
At 31 October 2025
1,605
139
1,744
Depreciation and impairment
At 1 November 2024
-
0
-
0
-
0
Depreciation charged in the year
171
14
185
At 31 October 2025
171
14
185
Carrying amount
At 31 October 2025
1,434
125
1,559
At 31 October 2024
-
0
-
0
-
0
4
INVESTMENT PROPERTY
2025
£
Fair value
At 1 November 2024
236,625
Additions
324,344
At 31 October 2025
560,969

The investment property has been valued by the directors at the yearend on the basis of an open market value, by reference to market evidence of transaction prices for similar properties.

5
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Other debtors
9,275
154
TEAM RENOVATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 7 -
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Trade creditors
57,342
8,333
Other creditors
540,554
247,317
597,896
255,650

Included within other creditors due within one year are amounts owed to related companies under common control of £532,941 (2024 - £245,277)

2025-10-31 2024-11-01 false false false 21 April 2026 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M Nicholls Mr T Webster 14447724 2024-11-01 2025-10-31 14447724 2025-10-31 14447724 2024-10-31 14447724 core:PlantMachinery 2025-10-31 14447724 core:FurnitureFittings 2025-10-31 14447724 core:PlantMachinery 2024-10-31 14447724 core:FurnitureFittings 2024-10-31 14447724 core:ShareCapital 2025-10-31 14447724 core:ShareCapital 2024-10-31 14447724 core:RetainedEarningsAccumulatedLosses 2025-10-31 14447724 core:RetainedEarningsAccumulatedLosses 2024-10-31 14447724 bus:Director2 2024-11-01 2025-10-31 14447724 core:PlantMachinery 2024-11-01 2025-10-31 14447724 core:FurnitureFittings 2024-11-01 2025-10-31 14447724 2023-11-01 2024-10-31 14447724 core:PlantMachinery 2024-10-31 14447724 core:FurnitureFittings 2024-10-31 14447724 2024-10-31 14447724 core:WithinOneYear 2025-10-31 14447724 core:WithinOneYear 2024-10-31 14447724 core:CurrentFinancialInstruments 2025-10-31 14447724 core:CurrentFinancialInstruments 2024-10-31 14447724 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 14447724 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 14447724 bus:FRS102 2024-11-01 2025-10-31 14447724 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 14447724 bus:Director1 2024-11-01 2025-10-31 14447724 bus:FullAccounts 2024-11-01 2025-10-31 xbrli:pure xbrli:shares iso4217:GBP