REGISTERED NUMBER: 14414268 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Treby Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,291

1,782

Investments

5

841,350

644,204

Investment property

6

900,000

726,320

1,746,641

1,372,306

CURRENT ASSETS

Debtors

7

92,398

1,449

Cash at bank

219,096

256,323

311,494

257,772

CREDITORS

Amounts falling due within one year

8

1,359,674

1,354,316

NET CURRENT LIABILITIES

(1,048,180

)

(1,096,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

698,461

275,762

PROVISIONS FOR LIABILITIES

44,743

446

NET ASSETS

653,718

275,316

CAPITAL AND RESERVES

Called up share capital

9

1,202

1,202

Retained earnings

652,516

274,114

SHAREHOLDERS' FUNDS

653,718

275,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

T R Allen - Director

1.	STATUTORY INFORMATION

Treby Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14414268

Registered office:

15 St Georges Road

Cheltenham

Gloucestershire

GL50 3DT

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment - 20% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial instruments are recognised in the company's balance sheet 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. Financial assets classified as receivable within one year are not amortised.

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 payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. Amounts 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

Rental income

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2025

2,230

Additions

4,072

At 31 March 2026

6,302

Depreciation

At 1 April 2025

448

Charge for year

563

At 31 March 2026

1,011

Net book value

At 31 March 2026

5,291

At 31 March 2025

1,782

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

Other

interests

investments

Totals

£

£

£

Cost or valuation

At 1 April 2025

644,204

-

644,204

Additions

25,200

179,950

205,150

Revaluations

-

(8,004

)

(8,004

)

At 31 March 2026

669,404

171,946

841,350

Net book value

At 31 March 2026

669,404

171,946

841,350

At 31 March 2025

644,204

-

644,204

Cost or valuation at 31 March 2026 is represented by:

Interest

in other

participating

Other

interests

investments

Totals

£

£

£

Valuation in 2026

-

171,946

171,946

Cost

669,404

-

669,404

669,404

171,946

841,350

Listed investments are held at market value at the reporting date, based on a broker valuation schedule.

Equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2025

726,320

Revaluations

173,680

At 31 March 2026

900,000

Net book value

At 31 March 2026

900,000

At 31 March 2025

726,320

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

900,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

726,320

-

Investment property was professionally valued on an open market basis during the year.

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Other debtors

1,770

1,449

2026

2025

£

£

Amounts falling due after more than one year:

Other debtors

90,628

-

Aggregate amounts

92,398

1,449

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

-

389

Taxation and social security

26,336

24,725

Other creditors

1,333,338

1,329,202

1,359,674

1,354,316

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

151

Ordinary A

£1

151

151

151

Ordinary B

£1

151

151

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

100

Ordinary F

£1

100

100

100

Ordinary G

£1

100

100

100

Ordinary H

£1

100

100

134

Ordinary I

£1

134

134

133

Ordinary J

£1

133

133

133

Ordinary K

£1

133

133

1,202

1,202

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £83,462 (2025: £1,502) owed to the directors of the company, these loans are unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Included within other creditors is £1,228,125 (2025: £1,306,400) owed to the shareholders of the company, these loans are unsecured, interest free and repayable on demand.

12.	NON-DISTRIBUTABLE RESERVES

Included within retained earnings are reserves that are not available for distribution to shareholders. The total amount of non-distributable reserves at the reporting date was £130,260 arising from the revaluation of investment property.