TSDR Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10756803

TSDR Properties Limited

Unaudited financial statements

31 March 2026

TSDR Properties Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,235,000		1,235,000

Current assets

Debtors	6	845	949
Cash at bank and in hand		2,122	2,908
		------	------
		2,967	3,857

Creditors: Amounts falling due within one year	7	( 980,450)		( 970,126)
		---------		---------
Net current liabilities			( 977,483)		( 966,269)
			-----------		-----------
Total assets less current liabilities			257,517		268,731

Creditors: Amounts falling due after more than one year	8		( 117,806)		( 127,243)

Provisions

Taxation including deferred tax	( 8,740)	( 9,184)
	---------	---------
Net assets	130,971	132,304
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Investment property revaluation reserve	35,331	35,331
Profit and loss account	94,640	95,973
	---------	---------
Shareholders funds	130,971	132,304
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TSDR Properties Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

S J Munson

Director

Company registration number: 10756803

TSDR Properties Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Coach Depot, Ipswich Road, Hadleigh, Suffolk, IP7 6BG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: In applying the Company's accounting policies for investment properties carried at fair value, consideration was given to the valuation of the Company's properties at the reporting date. Further detail of the estimate has been included in the tangible assets note.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable in the ordinary course of business, and is shown net of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of employees during the year was 2 (2025: 2 ).

5. Tangible assets

	Investment property
	£
Cost
At 1 April 2025 and 31 March 2026	1,235,000
	-----------
Depreciation
At 1 April 2025 and 31 March 2026	–
	-----------
Carrying amount
At 31 March 2026	1,235,000
	-----------
At 31 March 2025	1,235,000
	-----------

Investment property comprises of residential properties. The fair value of the Company's investment property at 31 March 2026 has been determined by the directors. In arriving at this valuation, the directors considered evidence of transaction prices for similar properties and other relevant data available at the reporting date. The valuations have been made on an open market value basis and reflects the directors' assessment of fair value in light of current economic conditions.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 March 2026
Aggregate cost	1,190,485
Aggregate depreciation	–
	-----------
Carrying value	1,190,485
	-----------

At 31 March 2025
Aggregate cost	1,190,485
Aggregate depreciation	–
	-----------
Carrying value	1,190,485
	-----------

6. Debtors

	2026	2025
	£	£
Other debtors	845	949
	----	----

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	10,100	10,833
Trade creditors	8	–
Social security and other taxes	–	5,071
Other creditors	970,342	954,222
	---------	---------
	980,450	970,126
	---------	---------

The bank loans and overdrafts are secured against the assets to which they relate. At the reporting date, the company had an outstanding balance of £968,986 due to a connected company. The balance is interest-free, unsecured, and repayable on demand.

8. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	117,806	127,243
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £76,225 (2025: £87,252) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans and overdrafts are secured against the assets to which they relate.