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

COMPANY REGISTRATION NUMBER: 08224198

Tennens Properties Limited

Unaudited financial statements

31 March 2026

Tennens Properties Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	27,061	–
Tangible assets	6	9,910	15,142
		-------	-------
		36,971	15,142

Current assets

Stocks		2,350	2,350
Debtors	7	183,860	212,368
Cash at bank and in hand		138,592	96,938
		---------	---------
		324,802	311,656

Creditors: Amounts falling due within one year	8	( 109,426)		( 75,022)
		---------		---------
Net current assets			215,376		236,634
			---------		---------
Total assets less current liabilities			252,347		251,776

Creditors: Amounts falling due after more than one year	9	( 6,867)	( 24,423)
		---------	---------
Net assets		245,480	227,353
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	245,380	227,253
	---------	---------
Shareholders funds	245,480	227,353
	---------	---------

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 .

Tennens 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 2 July 2026 , and are signed on behalf of the board by:

B Tennens

Director

Company registration number: 08224198

Tennens 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 First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company is 1A Lawson Place, Moreton Hall, Bury St Edmunds, Suffolk, IP32 7EW.

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: Provision for unrelieved losses estimates the level of which will be recoverable in future periods. Further detail of the estimate has been included in the tax accounting policy. Amortisation is calculated using estimates of the useful economic lives and residual values of assets, which are reviewed annually. These estimates reflect the director's assessment of expected asset usage.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Motor vehicles	-	25% straight line
Office equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 11 (2025: 10 ).

5. Intangible assets

	Goodwill
	£
Cost
Additions	37,760
	-------
At 31 March 2026	37,760
	-------
Amortisation
Charge for the year	10,699
	-------
At 31 March 2026	10,699
	-------
Carrying amount
At 31 March 2026	27,061
	-------
At 31 March 2025	–
	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	3,372	41,195	36,298	80,865
Additions	5,677	–	–	5,677
	------	-------	-------	-------
At 31 March 2026	9,049	41,195	36,298	86,542
	------	-------	-------	-------
Depreciation
At 1 April 2025	2,997	26,647	36,079	65,723
Charge for the year	486	10,298	125	10,909
	------	-------	-------	-------
At 31 March 2026	3,483	36,945	36,204	76,632
	------	-------	-------	-------
Carrying amount
At 31 March 2026	5,566	4,250	94	9,910
	------	-------	-------	-------
At 31 March 2025	375	14,548	219	15,142
	------	-------	-------	-------

7. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings	172,587	171,050
Other debtors	11,273	41,318
	---------	---------
	183,860	212,368
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2026	2025
	£	£
Other debtors	–	8,180
	----	------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,333	10,000
Trade creditors	170	232
Social security and other taxes	62,366	47,374
Other creditors	43,557	17,416
	---------	-------
	109,426	75,022
	---------	-------

Included within other creditors are amounts due in respect of hire purchase agreements totalling £14,223 (2025: £5,070) secured against the assets to which they relate.

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

	2026	2025
	£	£
Bank loans and overdrafts	–	3,333
Other creditors	6,867	21,090
	------	-------
	6,867	24,423
	------	-------

Included within other creditors are amounts due in respect of hire purchase agreements totalling £6,867 (2025: £21,090) secured against the assets to which they relate.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	9,277	329
Later than 1 year and not later than 5 years	14,909	–
	-------	----
	24,186	329
	-------	----

11. Directors' advances, credits and guarantees

Included within debtors at the year end is directors loan accounts of £2,365 (2025: £32,340). The maximum overdrawn balance during the year was £32,340 (2025: £32,340). Interest of £234 (2025: £702) was charged at the official rate.

12. Related party transactions

At the reporting date, the Company had an outstanding balance of £172,587 (2025: £171,050) due from a group company. The balance is interest-free, unsecured, and repayable on demand.