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Company No: 08380409 (England and Wales)

# CERAMIC TILE CO (PROPERTY) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

CERAMIC TILE CO (PROPERTY) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

CERAMIC TILE CO (PROPERTY) LIMITED

## COMPANY INFORMATION

For the financial year ended 31 January 2026
CERAMIC TILE CO (PROPERTY) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 January 2026

DIRECTORS | Mr. D. Hallett
| Mr. C. Morton
| Mr. R. Thomas

SECRETARY | Mr. D. Hallett

REGISTERED OFFICE | Unit 6 Central Park Business Centre
| Bellfield Road
| High Wycombe
| HP13 5HG
| United Kingdom

COMPANY NUMBER | 08380409 (England and Wales)

ACCOUNTANT | Verallo
| Century House
| Wargrave Road
| Henley-on-Thames
| Oxfordshire
| United Kingdom
| RG9 2LT

CERAMIC TILE CO (PROPERTY) LIMITED

## BALANCE SHEET

As at 31 January 2026
CERAMIC TILE CO (PROPERTY) LIMITED

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,513,720 |  | 1,513,720
Investments | 4 | 50,000 |  | 50,000
|  | 1,563,720 |  | 1,563,720
Current assets |  |  |  |
Cash at bank and in hand |  | 21 |  | 21
|  | 21 |  | 21
Net current assets |  | 21 |  | 21
Total assets less current liabilities |  | 1,563,741 |  | 1,563,741
Provision for liabilities | 5 | ( 37,362) |  | ( 37,362)
Net assets |  | 1,526,379 |  | 1,526,379
Capital and reserves |  |  |  |
Called-up share capital | 6 | 50,000 |  | 50,000
Fair value reserve |  | 231,956 |  | 231,956
Profit and loss account |  | 1,244,423 |  | 1,244,423
Total shareholders' funds |  | 1,526,379 |  | 1,526,379

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Ceramic Tile Co (Property) Limited (registered number: 08380409) were approved and authorised for issue by the Board of Directors on 03 May 2026. They were signed on its behalf by:

Mr. R. Thomas Director |

CERAMIC TILE CO (PROPERTY) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
CERAMIC TILE CO (PROPERTY) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Ceramic Tile Co (Property) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 6 Central Park Business Centre, Bellfield Road, High Wycombe, HP13 5HG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Cash and cash equivalents

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 creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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 payments 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Derivative financial instruments
The Company uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The Company does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in the Profit and Loss Account immediately.
The Company does not apply hedge accounting.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 February 2025 | 1,513,720
As at 31 January 2026 | 1,513,720

Valuation

Investment property comprises of commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2026 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2026 |  | 2025
| £ |  | £
Historic cost | 1,244,401 |  | 1,244,401

#### 4. Fixed asset investments

Investments in subsidiaries

| 2026
| £
Cost |
At 01 February 2025 | 50,000
At 31 January 2026 | 50,000
Carrying value at 31 January 2026 | 50,000
Carrying value at 31 January 2025 | 50,000

#### 5. Deferred tax

| 2026 |  | 2025
| £ |  | £
At the beginning of financial year | ( 37,362) |  | ( 19,342)
Charged to the Profit and Loss Account | 0 |  | ( 18,020)
At the end of financial year | ( 37,362) |  | ( 37,362)

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The above is the analysis of the deferred tax balances (after offset) for financial reporting purposes. The amounts shown are wholly in relation to the revaluation of investment properties.

#### 6. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
49,998 Ordinary A shares of £ 1.00 each | 49,998 |  | 49,998
1 Ordinary B share of £ 1.00 | 1 |  | 1
1 Ordinary C share of £ 1.00 | 1 |  | 1
| 50,000 |  | 50,000