Company No: 03238934 (England and Wales)

Contents

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

DIRECTORS	Anne Marie Barber
	Amy Leamontaine Olley

SECRETARY

Anne Marie Barber

REGISTERED OFFICE	2 Leman Street
	London
	E1W 9US
	United Kingdom

COMPANY NUMBER

03238934 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	19,609		26,146
Investment property	4	2,175,000		2,175,000
		2,194,609		2,201,146
Current assets
Debtors	5	19,069		22,304
Cash at bank and in hand		170,500		145,469
		189,569		167,773
Creditors: amounts falling due within one year	6	( 45,722)		( 61,333)
Net current assets		143,847		106,440
Total assets less current liabilities		2,338,456		2,307,586
Provision for liabilities		( 310,082)		( 310,082)
Net assets		2,028,374		1,997,504
Capital and reserves
Called-up share capital		100		100
Fair value reserve		1,285,947		1,285,947
Profit and loss account		742,327		711,457
Total shareholders' funds		2,028,374		1,997,504

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 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 T W Betts Services Limited (registered number: 03238934) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

Anne Marie Barber 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

T W Betts Services 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 2 Leman Street, London, E1W 9US, 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 £.

Turnover

Turnover represents the total rent and insurance receivable during the year,

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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	25 % reducing balance
Vehicles	25 % reducing balance

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

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

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost/Valuation
At 01 September 2024	938		39,989		40,927
At 31 August 2025	938		39,989		40,927
Accumulated depreciation
At 01 September 2024	410		14,371		14,781
Charge for the financial year	132		6,405		6,537
At 31 August 2025	542		20,776		21,318
Net book value
At 31 August 2025	396		19,213		19,609
At 31 August 2024	528		25,618		26,146

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	2,175,000
As at 31 August 2025	2,175,000

The investment properties were valued by the directors at fair value based on their knowledge of the comparable local properties.

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	578,971		578,971

5. Debtors

	2025		2024
	£		£
Trade debtors	13,500		18,500
Other debtors	5,569		3,804
	19,069		22,304

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	17,368		16,349
Other creditors	28,354		44,984
	45,722		61,333