Terema Limited - Filleted accounts

Registered number

04270409

Terema Limited

Report and Accounts

31 December 2025

Terema Limited
Registered number:		04270409
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		63,316			34,458

Current assets
Debtors	4	32,904			77,127
Cash at bank and in hand		861,413			1,091,272
		894,317			1,168,399

Creditors: amounts falling due within one year	5	(19,574)			(85,048)

Net current assets			874,743			1,083,351

Total assets less current liabilities			938,059			1,117,809


Provisions for liabilities			(8,530)			(8,530)


Net assets			929,529			1,109,279

Capital and reserves
Called up share capital			100			100
Profit and loss account			929,429			1,109,179

Shareholders' funds			929,529			1,109,279

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr. P. Higton
Director
Approved by the board on 4 March 2026

Terema Limited
Notes to the Accounts
for the year ended 31 December 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		33.33% straight line
	Motor Vehicles		25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.




2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				2		2


3	Tangible fixed assets
			Plant and machinery etc		Motor vehicles		Total
£				£		£
	Cost
	At 1 January 2025		9,231		53,953		63,184
	Additions		-		47,160		47,160
	At 31 December 2025		9,231		101,113		110,344

	Depreciation
	At 1 January 2025		6,246		22,480		28,726
	Charge for the year		1,866		16,436		18,302
	At 31 December 2025		8,112		38,916		47,028

	Net book value
	At 31 December 2025		1,119		62,197		63,316
	At 31 December 2024		2,985		31,473		34,458


4	Debtors				2025		2024
£						£

	Trade debtors				32,904		77,127


5	Creditors: amounts falling due within one year				2025		2024
£						£

	Trade creditors				1,537		966
	Other taxes and social security costs				14,638		81,820
	Other creditors				3,399		2,262
					19,574		85,048


6	Share Capital
		Nominal Value	2025		2025		2024
£						£
	Allotted, called up & fully paid:
	Ordinary shares	£1 each	100		100		100



7	Controlling party

	The ultimate controlling party are the directors of the company.




8	Other information

	Terema Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Jandi,
	Thibet Road,
	Sandhurst,
	Berkshire,
	GU47 9AR.