Company No: 02228569 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	D M Toller (Resigned 17 April 2024)
	D A T Toller
	J Toller

REGISTERED OFFICE	Sylverah Cadbury Camp Lane
	Tickenham
	Clevedon
	BS21 6RJ
	United Kingdom

COMPANY NUMBER

02228569 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	172,871		19,323
Investment property	5	3,948,612		4,197,832
Investments	6	307,454		299,640
		4,428,937		4,516,795
Current assets
Debtors	7	12,243		13,864
Cash at bank and in hand		166,025		30,988
		178,268		44,852
Creditors: amounts falling due within one year	8	( 337,200)		( 465,147)
Net current liabilities		(158,932)		(420,295)
Total assets less current liabilities		4,270,005		4,096,500
Creditors: amounts falling due after more than one year	9	( 137,856)		( 317)
Provision for liabilities	10, 11	( 253,593)		( 231,482)
Net assets		3,878,556		3,864,701
Capital and reserves
Called-up share capital	12	816,389		816,389
Fair value reserve		1,337,841		1,375,098
Profit and loss account		1,724,326		1,673,214
Total shareholder's funds		3,878,556		3,864,701

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Toller Properties Limited (registered number: 02228569) were approved and authorised for issue by the Board of Directors on 23 June 2026. They were signed on its behalf by:

D A T Toller Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Toller Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sylverah Cadbury Camp Lane, Tickenham, Clevedon, BS21 6RJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted
for as separate items of property, plant and equipment.

Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is shown at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Investments in Subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Other investments

Unquoted shares included within other investments are stated at cost less provision for permanent diminution in value.

Quoted shares included within other investments are stated at fair value at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	13,739		14,220		845		28,804
Additions	1,255		179,557		2,624		183,436
At 31 March 2025	14,994		193,777		3,469		212,240
Accumulated depreciation
At 01 April 2024	6,150		2,844		487		9,481
Charge for the financial year	2,474		26,800		614		29,888
At 31 March 2025	8,624		29,644		1,101		39,369
Net book value
At 31 March 2025	6,370		164,133		2,368		172,871
At 31 March 2024	7,589		11,376		358		19,323

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	4,197,832
Additions	57,280
Disposals	(306,500)
As at 31 March 2025	3,948,612

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,341,262		2,553,226

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	816,389
At 31 March 2025	816,389
Provisions for impairment
At 01 April 2024	651,213
At 31 March 2025	651,213
Carrying value at 31 March 2025	165,176
Carrying value at 31 March 2024	165,176

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 April 2024	104,464		30,000		134,464
Movement in fair value	7,814		0		7,814
At 31 March 2025	112,278		30,000		142,278
Carrying value at 31 March 2025	112,278		30,000		142,278
Carrying value at 31 March 2024	104,464		30,000		134,464

7. Debtors

	2025		2024
	£		£
Trade debtors	0		5,727
Prepayments	2,243		3,137
Other debtors	10,000		5,000
	12,243		13,864

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	165,176		165,176
Amounts owed to directors	82,019		232,159
Accruals and deferred income	12,093		9,666
Taxation and social security	21,987		17,772
Obligations under finance leases and hire purchase contracts	16,235		3,810
Other creditors	39,690		36,564
	337,200		465,147

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	137,856		317

10. Provision for liabilities

	2025		2024
	£		£
Deferred tax	253,593		231,482

11. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 231,482)		( 234,317)
(Charged)/credited to the Profit and Loss Account	( 22,111)		2,835
At the end of financial year	( 253,593)		( 231,482)

12. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 8.16389 each	816,389		816,389

13. Ultimate controlling party

At the year end the company was owned 100% by Toller Holdings Limited, a company registered in the UK. At the year end the ultimate controlling party was the director Dominic Toller.