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

COMPANY REGISTRATION NUMBER: 12951755

Tennens & Choules Properties Limited

Unaudited financial statements

31 March 2026

Tennens & Choules Properties Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	520,000	570,000
Investments	6	100	–
		---------	---------
		520,100	570,000

Current assets

Debtors	7	645	–
Cash at bank and in hand		25,708	14,773
		-------	-------
		26,353	14,773

Creditors: Amounts falling due within one year	8	( 177,748)		( 174,753)
		---------		---------
Net current liabilities			( 151,395)		( 159,980)
			---------		---------
Total assets less current liabilities			368,705		410,020

Creditors: Amounts falling due after more than one year	9		( 336,445)		( 336,445)

Provisions

Taxation including deferred tax	( 2,111)	( 14,611)
	---------	---------
Net assets	30,149	58,964
	---------	---------

Capital and reserves

Called up share capital	200	100
Other reserves	6,333	43,833
Profit and loss account	23,616	15,031
	-------	-------
Shareholders funds	30,149	58,964
	-------	-------

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 comprehensive income 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 & Choules 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: 12951755

Tennens & Choules 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 Emunds, 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: 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 for goods supplied and services rendered, stated net of discounts and 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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being 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 or valuation
At 1 April 2025	570,000
Revaluations	( 50,000)
	---------
At 31 March 2026	520,000
	---------
Depreciation
At 1 April 2025 and 31 March 2026	–
	---------
Carrying amount
At 31 March 2026	520,000
	---------
At 31 March 2025	570,000
	---------

Tangible assets held at valuation

The company's investment property is measured at fair value, based on an open market basis by the directors as at 31 March 2026.

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	511,556
Aggregate depreciation	–
	---------
Carrying value	511,556
	---------

At 31 March 2025
Aggregate cost	511,556
Aggregate depreciation	–
	---------
Carrying value	511,556
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025	–
Additions	100
	----
At 31 March 2026	100
	----
Impairment
At 1 April 2025 and 31 March 2026	–
	----

Carrying amount
At 31 March 2026	100
	----
At 31 March 2025	–
	----

7. Debtors

	2026	2025
	£	£
Other debtors	645	–
	----	----

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Amounts owed to group undertakings	172,587	171,050
Social security and other taxes	3,181	633
Other creditors	1,980	3,070
	---------	---------
	177,748	174,753
	---------	---------

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

	2026	2025
	£	£
Bank loans and overdrafts	336,445	336,445
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £336,445 (2025: £336,445) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. These loans are subject to a market interest rate of 4.2% (2025: 4.2%).

The loans amounting to £336,445 (2025: £336,445) are secured against the investment property of the company.

10. Related party transactions

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