Teg Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10796820

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		4,477,589		4,477,589

			4,477,589		4,477,589
CURRENT ASSETS
Debtors	5	716		108,324
Cash at bank and in hand		6,243		1,478

		6,959		109,802
Creditors: Amounts Falling Due Within One Year	6	(2,102,231 )		(2,093,500 )

NET CURRENT ASSETS (LIABILITIES)			(2,095,272 )		(1,983,698 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,382,317		2,493,891

Creditors: Amounts Falling Due After More Than One Year	7		(2,389,222 )		(2,497,546 )

NET LIABILITIES			(6,905 )		(3,655 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(7,005 )		(3,755 )

SHAREHOLDERS' FUNDS			(6,905)		(3,655)

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Teg Properties Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sandeep Singh

Director

20/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Teg Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10796820 . The registered office is 57 Gatehill Gardens, Luton, LU3 4EZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Investment Properties

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.

2.5. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Teg Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 June 2024 and 31 May 2025	4,477,589

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	716	108,324

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,487	-
Other creditors	2,092,902	2,086,507
Taxation and social security	2,842	6,993

	2,102,231	2,093,500

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,389,222	2,497,546

8. Secured Creditors

The bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	2,389,222		2,497,546

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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