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Company Registration No.07087234 (England and Wales)
TOUREEN PROPERTIES LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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TOUREEN PROPERTIES LIMITED
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COMPANY INFORMATION
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Simmons Gainsford Professional Services Limited
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TOUREEN PROPERTIES LIMITED
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CONTENTS
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Notes to the Financial Statements
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TOUREEN PROPERTIES LIMITED
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
The principal activity of the company is that of property investment and development.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 20 April 2026 and signed on its behalf.
___________________________
Denis Nolan
Director
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TOUREEN PROPERTIES LIMITED
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TOUREEN PROPERTIES LIMITED
FOR THE YEAR ENDED 31 JULY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Toureen Properties Limited for the year ended 31 July 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of Directors of Toureen Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Toureen Properties Limited and state those matters that we have agreed to state to the Board of Directors of Toureen Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toureen Properties Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Toureen Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Toureen Properties Limited. You consider that Toureen Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Toureen Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmons Gainsford Professional Services Limited
Chartered Accountants
38-40 Chamberlayne Road
London
NW10 3JE
20 April 2026
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TOUREEN PROPERTIES LIMITED
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PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
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Other interest receivable
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TOUREEN PROPERTIES LIMITED
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BALANCE SHEET
AS AT 31 JULY 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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TOUREEN PROPERTIES LIMITED
REGISTERED NUMBER:07087234
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BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 April 2026.
___________________________
Denis Nolan
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___________________________
Daniel Nolan
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Toureen Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 13 Beaumont Gate, Shenley Hill, Radlett, United Kingdom, WD7 7AR.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company is entitled to the exemption under Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company.
The following principal accounting policies have been applied:
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover represents the total invoice value of rent received or receivable during the year.
Interest income is recognised in the profit and loss account using the effective interest method.
Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost comprises the cost of land, construction costs and those overheads that have been incurred in bringing the stocks to their present condition.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. Any impairment loss is recognised immediately in the profit and loss account.
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Cash and cash equivalents
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Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
All borrowing costs are recognised in the profit and loss account in the year in which they are incurred.
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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Investments in subsidiary companies
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Fixed asset investments comprise of the entire shareholding of Junipix Limited, a private limited company registered in England and Wales.
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
At the balance sheet date, the directors consider the carrying amounts of the investment properties approximate to their fair value.
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Amounts owed by group undertakings
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Amounts owed by related undertakings
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The amounts owed by group and related undertakings are interest-free, unsecured and repayable on demand.
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to related undertakings
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Accruals and deferred income
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The amounts due to group and related undertakings are interest-free, unsecured and payable on demand.
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Creditors: Amounts falling due after more than one year
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The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
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Bank loans:
The bank loans in notes 8 and 9 are on a monthly repayment basis with capital and interest and are secured as follows:
a) By a first legal charge over the investment property owned by the company situated at the land on the north east side of Elton Way, Watford, WD25 8HB.
b) Unlimited company guarantee is provided by TPL Holdings Limited for the liabilities of Toureen Properties Limited supported by a first legal charge over freehold property at 25 Cecil Road, Wealdstone, Harrow, HA3 5QY held in the name of TPL Holdings Limited.
c) The bank has a mortgage debenture incorporating a fixed and floating charge over all the current and future freehold and leasehold properties (whether registered or unregistered) and all commonhold properties, owned by the company, or in which the company holds an interest.
The bank loans are charged at an interest rate of 2.50% per annum over Bank of England Base Rate.
Other loans:
The other loans in notes 8 and 9 are on an annual repayment basis with capital and interest and are secured as follows:
a) By a first legal charge over the investment property owned by the company situated at Mill Lane, Salford, Milton Keynes, MK17 8BY.
The other loans are charged at a fixed interest rate of 7% per annum.
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TOUREEN PROPERTIES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Allotted, called up and fully paid
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Related party transactions
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Group companies
The company has taken advantage of the exemption available in accordance with Financial Reporting Standard 102, Section 33.1A, ‘Related Party Disclosures’ not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.
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Post balance sheet events
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There were no events since the year end which materially affected the company.
TPL Holdings Limited owns the entire ordinary share capital of Toureen Properties Limited and therefore is the ultimate parent company.
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