REGISTERED NUMBER: 02685756 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Tudorworth Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K Weldon

Mr D J Weldon

SECRETARY:

Mr K R Morgan

REGISTERED OFFICE:

Great Western House

Martindale

Hawks Green

Cannock

Staffordshire

WS11 7XN

REGISTERED NUMBER:

02685756 (England and Wales)

AUDITORS:

Lewis Smith & Co.

Chartered Certified Accountants

Statutory Auditors

The Old Doctor's House

74 Grange Road

Dudley

West Midlands

DY1 2AW

FIXED ASSETS

Tangible assets

5

4,857

7,726

Investment property

6

105,000

105,000

109,857

112,726

CURRENT ASSETS

Stocks

1,769

29,395

Debtors

704,809

899,274

Cash at bank

410,221

394,400

1,116,799

1,323,069

CREDITORS

Amounts falling due within one year

758,286

1,021,480

NET CURRENT ASSETS

358,513

301,589

TOTAL ASSETS LESS CURRENT LIABILITIES

468,370

414,315

PROVISIONS FOR LIABILITIES

8

102

370

NET ASSETS

468,268

413,945

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

468,168

413,845

SHAREHOLDERS' FUNDS

468,268

413,945

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2026 and were signed on its behalf by:

Mr K Weldon - Director

Mr D J Weldon - Director

1.	STATUTORY INFORMATION

Tudorworth Properties Limited 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.

The financial statements have been prepared on a going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Revenue is recognised on construction contracts by reference to the services performed to date. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the state of completion of the contract at the balance sheet date (determined by surveys of work performed by quantity surveyors in conjunction with clients).

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value, where the risk and rewards haven't been transferred to the customer, in line with the long term contracts.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year 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 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.

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.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Provision for warranty costs

Where there are future costs, which will be incurred after the completion of a project, known as rectification costs, a provision has been made to included these costs in line with long term contracts. The value of these costs is been determined based on known future costs which have incurred after the year end date and any expected future costs determined by the Directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	AUDITORS' REMUNERATION

31.10.25

31.10.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

10,250

9,750

The group accounts disclosed the consideration received by the auditors for non audit services.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

46,265

Disposals

(17,782

)

At 31 October 2025

28,483

DEPRECIATION

At 1 November 2024

38,539

Charge for year

1,545

Eliminated on disposal

(16,458

)

At 31 October 2025

23,626

NET BOOK VALUE

At 31 October 2025

4,857

At 31 October 2024

7,726

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

105,000

NET BOOK VALUE

At 31 October 2025

105,000

At 31 October 2024

105,000

The leasehold investment property was revalued by the directors, with support from an employee from Jayman Limited, 2 Bore Street, Lichfield, WS13 6LL on 1 March 2024. The directors believe the informal valuation of the property, with consideration to the period since the valuation, to the balance sheet date, reflects the market value of the property, which is deemed fair value.

7.	SECURED DEBTS

HSBC Bank PLC has a fixed charge over the book debts and floating charge over the other fixed assets, of the company.

8.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

102

370

Deferred

tax

£

Balance at 1 November 2024

370

Credit to Income Statement during year

(268

)

Balance at 31 October 2025

102

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Alan Beale FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Smith & Co.

11.	ULTIMATE PARENT COMPANY

Weldon Group Ltd is regarded by the directors as being the company's ultimate parent company.

Copies of the financial statements for Weldon Group Ltd are available from Companies House. The registered office of Weldon Group Ltd is Great Western House Martindale, Hawks Green, Cannock, Staffordshire, WS11 7XN.

The directors, Kevin Weldon and David Weldon are considered to be the ultimate controlling parties, being the joint shareholders of the parent company.