Tea Properties Limited 12156846 false 2024-09-01 2025-08-31 2025-08-31 The principal activity of the company is letting of residential properties. Digita Accounts Production Advanced 6.30.9574.0 true 12156846 2024-09-01 2025-08-31 12156846 2025-08-31 12156846 core:CurrentFinancialInstruments 2025-08-31 12156846 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 12156846 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 12156846 core:FurnitureFittingsToolsEquipment 2025-08-31 12156846 bus:SmallEntities 2024-09-01 2025-08-31 12156846 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 12156846 bus:FilletedAccounts 2024-09-01 2025-08-31 12156846 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 12156846 bus:RegisteredOffice 2024-09-01 2025-08-31 12156846 bus:Director1 2024-09-01 2025-08-31 12156846 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 12156846 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 12156846 core:PlantMachinery 2024-09-01 2025-08-31 12156846 countries:EnglandWales 2024-09-01 2025-08-31 12156846 2024-08-31 12156846 core:FurnitureFittingsToolsEquipment 2024-08-31 12156846 2023-09-01 2024-08-31 12156846 2024-08-31 12156846 core:CurrentFinancialInstruments 2024-08-31 12156846 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12156846 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 12156846 core:FurnitureFittingsToolsEquipment 2024-08-31 iso4217:GBP xbrli:pure

Registration number: 12156846

Tea Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Tea Properties Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Tea Properties Limited

(Registration number: 12156846)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1 | 1
Investment property | 5 | 1,150,752 | 1,150,752
|  | 1,150,753 | 1,150,753
Current assets |  |  |
Debtors | 6 | 4,698 | 416
Cash at bank and in hand |  | 20,415 | 20,336
|  | 25,113 | 20,752
Creditors: Amounts falling due within one year | 7 | (3,770) | (4,846)
Net current assets |  | 21,343 | 15,906
Total assets less current liabilities |  | 1,172,096 | 1,166,659
Creditors: Amounts falling due after more than one year | 7 | (1,059,317) | (1,060,159)
Provisions for liabilities |  | (42,027) | (34,412)
Net assets |  | 70,752 | 72,088
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 70,652 | 71,988
Shareholders' funds |  | 70,752 | 72,088

For the financial year ending 31 August 2025 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Tea Properties Limited

(Registration number: 12156846)
Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:

......................................... A Thorpe Director

Tea Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is:
7 Culpepper Way
Stamford
PE9 3WL

These financial statements were authorised for issue by the Board on 19 May 2026.

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.

Revenue recognition

Tumover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.
Revenue from the provision of properly rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

Tax

The tax expense for the period comprises deferred 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

Tea Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% on straight line

Investment property

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3 | Staff numbers

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

Tea Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 1,309 | 1,309
At 31 August 2025 | 1,309 | 1,309
Depreciation
At 1 September 2024 | 1,308 | 1,308
At 31 August 2025 | 1,308 | 1,308
Carrying amount
At 31 August 2025 | 1 | 1
At 31 August 2024 | 1 | 1

5 | Investment properties

| 2025 £
At 1 September | 1,150,752
At 31 August | 1,150,752

The directors have assessed the market value of the properties and consider that there has been no significant change in the market values at the year end.

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 263 | 416
Other debtors | 4,435 | -
| 4,698 | 416

Tea Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 3,170 | 4,246
Other creditors | 600 | 600
| 3,770 | 4,846

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 1,059,317 | 1,060,159

8 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 6,000 | 4,000

Other transactions with directors

David Court
The director has provided the company with an unsecured loan. The balance of the loan at the year end was £303,429 (2024 ꞉ £303,849). Interest was charged on this loan at 1% of the remaining company loan of £300,000.
Andrew Thorpe
The director has provided the company with an unsecured loan. The balance of the loan at the year end was £1,029 (2024 ꞉ £1,449.) No interest was charged on this loan.

9 | Ultimate Controlling Party

The company's ultimate controlling party is Andrew Thorpe and David Court by virtue of their ownership of 100% of the issued share capital in the company.