REGISTERED NUMBER: 09385800 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2024 TO 31 JULY 2025

FOR

T&B DEVELOPMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M A Briggs

Mr J Treweke

REGISTERED OFFICE:

Room 3.30, Third Floor

St. Georges Place

Cheltenham

Gloucestershire

GL50 3PN

REGISTERED NUMBER:

09385800 (England and Wales)

ACCOUNTANTS:

Michael Harwood & Co

Chartered Accountants

Greville House

10 Jury Street

Warwick

Warwickshire

CV34 4EW

FIXED ASSETS

Tangible assets

4

2,398

68,280

CURRENT ASSETS

Debtors

5

1,763,093

2,774,328

Cash at bank

-

2

1,763,093

2,774,330

CREDITORS

Amounts falling due within one year

6

2,560,894

2,568,610

NET CURRENT (LIABILITIES)/ASSETS

(797,801

)

205,720

TOTAL ASSETS LESS CURRENT LIABILITIES

(795,403

)

274,000

CREDITORS

Amounts falling due after more than one year

7

88,724

187,416

NET (LIABILITIES)/ASSETS

(884,127

)

86,584

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(884,227

)

86,484

SHAREHOLDERS' FUNDS

(884,127

)

86,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mr J Treweke - Director

Mr M A Briggs - Director

1.	STATUTORY INFORMATION

T&B Development Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

121,838

3,370

11,315

136,523

Disposals

(98,908

)

-

-

(98,908

)

At 31 July 2025

22,930

3,370

11,315

37,615

DEPRECIATION

At 1 February 2024

58,338

1,716

8,189

68,243

Charge for period

29,333

924

2,676

32,933

Eliminated on disposal

(65,959

)

-

-

(65,959

)

At 31 July 2025

21,712

2,640

10,865

35,217

NET BOOK VALUE

At 31 July 2025

1,218

730

450

2,398

At 31 January 2024

63,500

1,654

3,126

68,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.1.24

£

£

Trade debtors

26,265

51,196

Amounts owed by group undertakings

851

554,449

Amounts recoverable on contract

1,727,950

2,126,344

Other debtors

8,027

42,339

1,763,093

2,774,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.1.24

£

£

Bank loans and overdrafts

68,883

41,793

Hire purchase contracts

-

13,298

Trade creditors

360,002

299,168

Amounts owed to group undertakings

1,625,766

1,097,683

Taxation and social security

39,409

109,743

Other creditors

466,834

1,006,925

2,560,894

2,568,610

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.1.24

£

£

Bank loans

88,724

151,476

Hire purchase contracts

-

35,940

88,724

187,416

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

8,338

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.1.24

£

£

Bank loans

131,898

-

The bank loans are in relation to a fixed and floating charge over all assets held by the company.

9.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitment at the balance sheet date of £31,373 (2024: £62,118).

10.	RELATED PARTY DISCLOSURES

Included in debtors is an amount of £355 (2024: Nil) owed from Old Liberal Club Ltd, a group company.

Included in debtors is an amount of £496 (2024: Nil) owed from ERG Property Holdings Ltd, a group company.

Included in creditors is an amount of £531,288 (2024: £278,480 debtors) owed to T&B Group Ltd, the parent company.

Included in creditors is an amount of £1,103,678 (2024: £1,097,683) owed from 20 Gladstone Road Ltd, a group company.

Included in creditors is an amount of £4,199 (2024: Nil) owed to Barrett Corp & Harrington Ltd, a group company.

During the year, the company was contracted to build a residential property for a director for the consideration of £595,000. The transaction resulted in a profit of £122,826 compared to the direct costs incurred and was conducted on an arm’s length basis. No amounts were outstanding at the year end.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M A Briggs and Mr J Treweke due to having significant control

in T&B Group Ltd, the parent company.