REGISTERED NUMBER: 00860132 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TOWN CLOSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Snelson

Mr D M Snelson

SECRETARY:

Mrs J Snelson

REGISTERED OFFICE:

8-10 Fairland Street

Wymondham

Norfolk

NR18 0AW

REGISTERED NUMBER:

00860132 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,856

3,599

Investments

5

146,240

146,240

Investment property

6

460,000

460,000

609,096

609,839

CURRENT ASSETS

Debtors

7

5,935

798

Prepayments and accrued income

490

459

Cash at bank

39,123

38,982

45,548

40,239

CREDITORS

Amounts falling due within one year

8

4,956

6,761

NET CURRENT ASSETS

40,592

33,478

TOTAL ASSETS LESS CURRENT LIABILITIES

649,688

643,317

CREDITORS

Amounts falling due after more than one year

9

-

(1,042

)

PROVISIONS FOR LIABILITIES

(18,568

)

(18,568

)

ACCRUALS AND DEFERRED INCOME

(9,914

)

(9,577

)

NET ASSETS

621,206

614,130

CAPITAL AND RESERVES

Called up share capital

235,000

235,000

Revaluation reserve

10

194,975

194,975

Retained earnings

191,231

184,155

SHAREHOLDERS' FUNDS

621,206

614,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

Mr D M Snelson - Director

Mrs J Snelson - Director

1.	STATUTORY INFORMATION

Town Close Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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 deficit on revaluation is recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

23,668

17,239

40,907

DEPRECIATION

At 1 January 2025

22,624

14,684

37,308

Charge for year

104

639

743

At 31 December 2025

22,728

15,323

38,051

NET BOOK VALUE

At 31 December 2025

940

1,916

2,856

At 31 December 2024

1,044

2,555

3,599

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

146,240

NET BOOK VALUE

At 31 December 2025

146,240

At 31 December 2024

146,240

The unlisted investment represents a 37% holding of the Ordinary share capital of Dune Properties Limited, a company incorporated in England, whose principle activity is that of property development.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

460,000

NET BOOK VALUE

At 31 December 2025

460,000

At 31 December 2024

460,000

The directors undertake an annual valuation assessment of the investment properties included in land and buildings above. The historical cost of these properties at the balance sheet date was £119,822 (2024 £119,822).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,935

798

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,042

2,500

Trade creditors

18

100

Taxation and social security

3,896

4,161

4,956

6,761

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

1,042

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

194,975

11.	RELATED PARTY DISCLOSURES

During the year, the company received rent & management fees of £17,565 (2024 £22,620) from Dune Properties Limited, a company under the common control of the directors.

The ultimate controlling party is the directors.