Techneat Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10625906

Techneat Holdings Limited

Unaudited financial statements

31 October 2025

Techneat Holdings Limited

Statement of financial position

31 October 2025

	31 Oct 25		30 Nov 24
			(restated)
Note	£	£	£	£

Fixed assets

Tangible assets	5	3,125,023	3,121,173
Investments	6	1,818,583	1,530,400
		-----------	-----------
		4,943,606	4,651,573

Current assets

Stocks		–	213,433
Debtors: due within one year	7	2,447,217	2,154,616
Debtors: due after more than one year	7	435,858	846,235
Cash at bank and in hand		894,368	736,061
		-----------	-----------
		3,777,443	3,950,345

Creditors: Amounts falling due within one year	8	( 72,268)		( 47,500)
		-----------		-----------
Net current assets			3,705,175		3,902,845
			-----------		-----------
Total assets less current liabilities			8,648,781		8,554,418

Provisions

Taxation including deferred tax	( 124,913)	( 118,144)
	-----------	-----------
Net assets	8,523,868	8,436,274
	-----------	-----------

Capital and reserves

Called up share capital	200	200
Profit and loss account	8,523,668	8,436,074
	-----------	-----------
Shareholders funds	8,523,868	8,436,274
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 October 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Techneat Holdings Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

T W Neat
Director

Company registration number: 10625906

Techneat Holdings Limited

Notes to the financial statements

Period from 1 December 2024 to 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Henry Crabb Road, Littleport, Ely, Cambridgeshire, CB6 1SE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows: Investment property is not depreciated.

Investment property

Investment property is recorded at cost, which includes purchase price and any directly attributable expenditure.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where the arrangement has no stated interest rate or repayment terms, otherwise it is measured at amortised cost using the effective interest rate method. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. Employee numbers

The average number of employees during the period was 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Investment properties	Total
	£	£	£	£
Cost
At 1 December 2024 (as restated)	7,629	84,000	3,044,562	3,136,191
Additions	16,700	–	–	16,700
	-------	-------	-----------	-----------
At 31 October 2025	24,329	84,000	3,044,562	3,152,891
	-------	-------	-----------	-----------
Depreciation
At 1 December 2024	2,387	12,631	–	15,018
Charge for the period	2,144	10,706	–	12,850
	-------	-------	-----------	-----------
At 31 October 2025	4,531	23,337	–	27,868
	-------	-------	-----------	-----------
Carrying amount
At 31 October 2025	19,798	60,663	3,044,562	3,125,023
	-------	-------	-----------	-----------
At 30 November 2024	5,242	71,369	3,044,562	3,121,173
	-------	-------	-----------	-----------

The directors consider the investment properties held in the accounts to be at fair value.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment properties
	£
At 31 October 2025
Aggregate cost	3,044,562
Aggregate depreciation	–
	-----------
Carrying value	3,044,562
	-----------

At 30 November 2024
Aggregate cost	3,044,562
Aggregate depreciation	–
	-----------
Carrying value	3,044,562
	-----------

6. Investments

	Shares in group undertakings	Tangible investments	Total
	£	£	£
Cost
At 1 December 2024 as restated	1,530,400	–	1,530,400
Additions	–	74,750	74,750
Transfers	–	213,433	213,433
	-----------	---------	-----------
At 31 October 2025	1,530,400	288,183	1,818,583
	-----------	---------	-----------
Impairment
At 1 December 2024 as restated and 31 October 2025	–	–	–
	-----------	---------	-----------

Carrying amount
At 31 October 2025	1,530,400	288,183	1,818,583
	-----------	---------	-----------
At 30 November 2024	1,530,400	–	1,530,400
	-----------	---------	-----------

7. Debtors

Debtors falling due within one year are as follows:

	31 Oct 25	30 Nov 24
		(restated)
	£	£
Amounts owed by group undertakings	143,002	143,002
Other debtors	2,304,215	2,011,614
	-----------	-----------
	2,447,217	2,154,616
	-----------	-----------

Debtors falling due after one year are as follows:

	31 Oct 25	30 Nov 24
		(restated)
	£	£
Other debtors	435,858	846,235
	---------	---------

8. Creditors: Amounts falling due within one year

	31 Oct 25	30 Nov 24
		(restated)
	£	£
Trade creditors	–	900
Social security and other taxes	5,861	21,701
Other creditors	66,407	24,899
	-------	-------
	72,268	47,500
	-------	-------

9. Prior period errors

In prior financial statements, a company asset was measured at transaction price rather than at amortised cost using the effective interest rate method, as required by FRS 102 Section 11.14. This resulted in a material misstatement arising from the initial recognition of the asset. The financial statements have therefore been restated to correct this error, in accordance with FRS 102 Section 10. The correction has been applied retrospectively by restating the comparative figures. The adjustment resulted in a reduction in other debtors of £86,385, and a corresponding cumulative impact on retained earnings. There were no current or deferred tax consequences arising from the correction. The following adjustments were made to the prior period in line with this adjustment: CR Other debtors: £86,385 DR Profit and loss account: £152,881 CR Accounting profit: £66,496

10. Director's advances, credits and guarantees

Included within other debtors is an amount advanced to a director totalling £281,846 (2024: £Nil). The maximum balance advanced during the period was £281,846. Interest of £5,883 (2024: £550) was charged at the official rates.

11. Related party transactions

At the reporting date, the Company had an outstanding loan balance of £143,002 (2024: £143,002) due from Robydome Properties Limited, a wholly owned subsidiary. The Company also had outstanding loan balances of £1,712,902 (2024: £2,113,615) and £726,917 (2024: £737,555) due from Rocket AG Ltd and Techneat Engineering Limited, respectively, both related parties by virtue of common control. The Company also had an outstanding loan balance of £41,840 (2024: £Nil) due to a related party in which the shareholders have an interest. The loan from Rocket AG Ltd is secured by way of a fixed and floating charge against the assets of the company, both present and future, and is currently interest free and repayable on demand. The remaining loans are interest-free, unsecured, and repayable on demand.