Company registration number 14296019 (England and Wales)
TC Property Group Ltd
Unaudited Financial Statements
For the year ended 31 March 2026
TC Property Group Ltd
Company information
Director
Mr T J Commons
Company number
14296019
Registered office
1st Floor Office Suite Bates Mill
Colne Road
Huddersfield
United Kingdom
HD1 3AG
Accountants
DJH Huddersfield Limited
Bates Mill
Colne Road
Huddersfield
HD1 3AG
TC Property Group Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
TC Property Group Ltd
Statement Of Financial Position
As at 31 March 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
26,309
32,886
Investment property
5
735,000
740,674
761,309
773,560
Current assets
Debtors
6
641
1,771
Cash at bank and in hand
126,155
6,139
126,796
7,910
Creditors: amounts falling due within one year
7
(404,829)
(439,058)
Net current liabilities
(278,033)
(431,148)
Total assets less current liabilities
483,276
342,412
Creditors: amounts falling due after more than one year
8
(517,196)
(355,946)
Net liabilities
(33,920)
(13,534)
Capital and reserves
Called up share capital
100
100
Fair value reserve
9
40,017
35,017
Retained earnings
(74,037)
(48,651)
Total equity
(33,920)
(13,534)
TC Property Group Ltd
Statement Of Financial Position (continued)
As at 31 March 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 May 2026
Mr T J Commons
Director
Company registration number 14296019 (England and Wales)
TC Property Group Ltd
Notes to the financial statements
For the year ended 31 March 2026
- 3 -
1
Accounting policies
Company information

TC Property Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor Office Suite Bates Mill, Colne Road, Huddersfield, United Kingdom, HD1 3AG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and confirms his ongoing support for at least the next 12 months whilst the company continues to establish itself.true

1.3
Revenue

Revenue from rentals of property is recognised on a straight line basis over the lease term.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
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 a t the reporting end date. Changes in fair value are recognised in profit or loss.

TC Property Group Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 4 -
1.6
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 statement of financial position 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.

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 paymen ts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

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.

TC Property Group Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 5 -
2
Judgements and key sources of estimation uncertainty

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 considered to be 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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets, which are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Valuation of investment property

Investment property is included on the balance sheet at fair value. The fair value of the investment properties is arrived at on the basis of valuations provided by both the director and/or professional valuers.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
TC Property Group Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2025 and 31 March 2026
49,366
Depreciation and impairment
At 1 April 2025
16,480
Depreciation charged in the year
6,577
At 31 March 2026
23,057
Carrying amount
At 31 March 2026
26,309
At 31 March 2025
32,886
5
Investment property
2026
£
Fair value
At 1 April 2025
740,674
Revaluations
(5,674)
At 31 March 2026
735,000

The fair value of the investment properties has been arrived at on the basis of valuations provided by the director and/or professional valuers. The valuations were made on an open market value using a combination of professional valuations made during the year and/or by the director referencing market evidence of transaction prices for similar properties at the year end.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
641
1,771
TC Property Group Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 7 -
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
300
1,376
Taxation and social security
1,164
1,228
Other creditors
403,365
436,454
404,829
439,058

A loan included within other creditors of £Nil (2025 - £31,310) is secured by way of charges over the asset to which it relates.

8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
517,196
355,946
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
517,196
355,946

Amounts due under bank loans are secured by way of charges over the assets to which they relate.

9
Fair value reserve
2026
2025
£
£
At the beginning of the year
35,017
-
Non distributable profits in the year
5,000
35,017
At the end of the year
40,017
35,017

The fair value reserve relates to the fair value revaluations of investment properties in excess of their original cost, net of any deferred tax. This reserve is not distributable.

10
Operating lease commitments

The company owns an investment property where the land is subject to a leasehold agreement. An annual peppercorn rent is payable of £1.75.

The lease has a remaining term of 913 years as at the reporting date.

TC Property Group Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 8 -
11
Related party transactions

During the year, a credit balance of £400,000 due to a previous director was transferred to the director. At the balance sheet date, there was an amount due to the director of £398,738 (2025 - £828 debit).

The director has provided a personal guarantee covering total loans amounting to £517,196 (2025 - £387,256), of which £Nil (2025 - £31,310) is payable within one year and £517,196 (2025 - £355,946) is due after more than one year.

12
Directors' transactions

A loan existed to the director at the start of the year of £828. This has been repaid during the year and the loan is now in credit at the balance sheet date.

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