Registration number: 12317823

Tiny Pig SL 3 Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Tiny Pig SL 3 Limited

Company Information

Directors

J B J Leitch M A Leitch J J B Leitch A B L Taylor

Registered office

Suite A1 10 Duke Street Liverpool L1 5AS

Tiny Pig SL 3 Limited

(Registration number: 12317823)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	1,576,685	1,495,652
Current assets
Debtors	6	21,237	23,940
Cash at bank and in hand		22,448	12,023
		43,685	35,963
Creditors: Amounts falling due within one year	7	(1,545,689)	(1,582,770)
Net current liabilities		(1,502,004)	(1,546,807)
Total assets less current liabilities		74,681	(51,155)
Provisions for liabilities		(18,211)	-
Net assets/(liabilities)		56,470	(51,155)
Capital and reserves
Called up share capital	8	700	700
Non-distributable reserve		52,835	-
Profit and loss account		2,935	(51,855)
Total equity		56,470	(51,155)

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 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 Profit and Loss Account.

Approved and authorised by the Board on 26 May 2026 and signed on its behalf by:
 

......................................... M A Leitch Director

Tiny Pig SL 3 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:
Suite A1
10 Duke Street
Liverpool
L1 5AS

These financial statements were authorised for issue by the Board on 26 May 2026.

2	Accounting policies

Summary of significant accounting policies

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).

Going concern

The financial statements have been prepared on a going concern basis as the directors believe they can access funding to meet the liabilities of the company when they fall due.

Turnover

Turnover represents rents receivable in accordance with the terms of agreements with tenants.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Tiny Pig SL 3 Limited

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

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
Office equipment	33% straight line

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

Classification of financial liabilities
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.

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.

Trade creditors

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 at transaction price and shown at face value.

Tiny Pig SL 3 Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Tiny Pig SL 3 Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost
At 1 September 2024	4,752	4,752
At 31 August 2025	4,752	4,752
Depreciation
At 1 September 2024	4,752	4,752
At 31 August 2025	4,752	4,752
Carrying amount
At 31 August 2025	-	-

5	Investment property

	2025 £
Fair value
At 1 September	1,495,652
Additions	10,586
Fair value gain	70,447
At 31 August	1,576,685

The Investment property comprises a student residential property. The directors valued the investment property on 13 October 2025 and have used this as the basis for valuing the investment property at 31 August 2025. The fair value of the investment property has been determined by the directors using the Term & Reversion approach. This involves taking the property’s current net rental income, estimating the future market value net rental income, and applying an equivalent yield to both values to arrive at the valuation.

The significant assumptions applied in the valuation include:

• The future market value net rental income which is estimated based on current lease agreements and occupancy levels for the investment property, adjusted for estimated voids, management costs, maintenance, and other outgoings;

• The equivalent yield percentage used in the valuation, which has been selected by reference to current and market yields for comparable student residential properties in the local area, taking into account factors such as location, quality of accommodation, occupancy history, lease terms, and prevailing market conditions; and

• No significant capital expenditure or development assumed in the foreseeable future beyond normal ongoing maintenance.

Tiny Pig SL 3 Limited

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

6

Debtors

Current	2025 £	2024 £
Prepayments	21,237	23,940
	21,237	23,940

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	1,376,792	1,394,688
Trade creditors		118,714	23,960
Taxation and social security		9,647	-
Accruals and deferred income		2,585	140,781
Other creditors		37,951	23,341
		1,545,689	1,582,770

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
300 A ordinary shares of £1 each	300	300	300	300
295 B ordinary shares of £1 each	295	295	295	295
35 C ordinary shares of £1 each	35	35	35	35
35 D ordinary shares of £1 each	35	35	35	35
35 E ordinary shares of £1 each	35	35	35	35
	700	700	700	700

Tiny Pig SL 3 Limited

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

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	741,868
Other borrowings	1,376,792	652,820
	1,376,792	1,394,688

During the year the company repaid in full its bank borrowing. At the date of approval of these financial statements, the fixed and floating charge granted to Nat West as security for that borrowing remained registered at Companies House pending completion of the formal release process. The directors are satisfied that no liability remains outstanding in respect of this facility and that the charge will be formally vacated in due course.

£1,361,792 (2024 - £637,820) of the other borrowings, and £nil (2024 - £741,868) of the bank borrowings, are secured by way of fixed and floating charges over the investment property and the other assets of the company. The other borrowings are from companies under common control and are interest free and repayable on demand.