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Registration number: 02186333

Tobias Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Tobias Developments Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Tobias Developments Limited

(Registration number: 02186333)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 859,004 | 615,204
Current assets |  |  |
Stocks | 5 | 179,190 | 179,190
Debtors | 6 | 6,312 | 1,974
Cash at bank and in hand |  | 63,506 | 693
|  | 249,008 | 181,857
Creditors: Amounts falling due within one year | 7 | (1,088,473) | (763,595)
Net current liabilities |  | (839,465) | (581,738)
Total assets less current liabilities |  | 19,539 | 33,466
Provisions for liabilities |  | (58,229) | (58,229)
Net liabilities |  | (38,690) | (24,763)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | (38,692) | (24,765)
Shareholders' deficit |  | (38,690) | (24,763)

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Tobias Developments Limited

(Registration number: 02186333)
Statement of Financial Position as at 30 June 2025 (continued)

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:

Mr D A D Telfer-Smollett Company secretary and director

Tobias Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bannadon Farm
Broadbury
Okehampton
Devon
EX20 4LQ

Principal activity

The principal activity of the company is that of ownership and management of investment properties.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The company meets its day-to-day working capital requirements through the support of the directors. On the basis that the company directors will continue this support, the financial statements have been prepared on a going concern basis.

Tobias Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover represents the rent received on the investment properties.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Tobias Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 3).

4 | Investment properties

| 2025 £
At 1 July 2024 | 615,204
Additions | 243,800
At 30 June 2025 | 859,004

The valuation of the investment properties have been undertaken by the director based on the market conditions. In respect of the investment properties held at valuation, the aggregate cost and comparable carrying amount that would be recognised if the assets were carried under the historical cost model is £626,090 (2024: £382,290).

5 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 179,190 | 179,190

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 6,312 | 1,974
| 6,312 | 1,974

Tobias Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 1,967 | 995
Accruals and deferred income | 3,680 | 2,690
Other creditors | 1,082,826 | 759,910
| 1,088,473 | 763,595

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances by director £ | At 30 June 2025 £
Directors' loan | (759,910) | (322,914) | (1,082,824)

2024 | At 30 June 2023 £ | Advances by director £ | Repayments to director £ | At 30 June 2024 £
Directors' loan | (1,140,542) | (41,042) | 421,674 | (759,910)