Company No: 09588026 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks	3	0		159,321
Debtors	4	5,372,083		2,262,172
Cash at bank and in hand		5,281		928
		5,377,364		2,422,421
Creditors: amounts falling due within one year	5	( 2,002,569)		( 1,547,920)
Net current assets		3,374,795		874,501
Total assets less current liabilities		3,374,795		874,501
Creditors: amounts falling due after more than one year	6	( 7,144)		( 20,252)
Net assets		3,367,651		854,249
Capital and reserves
Called-up share capital	7	284		284
Share premium account		1,597,888		1,597,888
Profit and loss account		1,769,479		( 743,923 )
Total shareholders' funds		3,367,651		854,249

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

Director's 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 director acknowledges 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 Tetham Property Limited (registered number: 09588026) were approved and authorised for issue by the Director on 20 July 2026. They were signed on its behalf by:

Mr G P Turbott 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

Tetham Property 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 First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities.

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.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Stocks

	2025		2024
	£		£
Work in progress	0		159,321

4. Debtors

	2025		2024
	£		£
Trade debtors	40,000		0
Other debtors	5,332,083		2,262,172
	5,372,083		2,262,172

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	7,056		7,056
Taxation and social security	550,894		6,595
Other creditors	1,444,619		1,534,269
	2,002,569		1,547,920

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

	2025		2024
	£		£
Bank loans	7,144		20,252

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
28,334 Ordinary shares of £ 0.01 each	283.34		283.34

8. Related party transactions

Other related party transactions

	2025		2024
	£		£
Amounts owed by the company and is shown in other creditors	27,000		166,000
Amounts owed to the company and is shown in other debtors	2,494,613		2,259,704

During the current and previous year loan accounts existed between Tetham Property Limited and other companies in which the director is a director and shareholder. These loans are interest free and repayable/receivable when the company is in a suitable financial position (see above).