Company registration number 06657258 (England and Wales)
TWR DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TWR DEVELOPMENTS LIMITED
COMPANY INFORMATION
Directors
Mr J L Hartley
Mrs H M Hartley
Mr R J Hartley
Mr W J Hartley
Mr T M Hartley
Secretary
Mr J L Hartley
Company number
06657258
Registered office
Lingmell
7 Woodland Road
Ulverston
LA12 0DX
Accountants
MHA
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL
TWR DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TWR DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
5,306,475
5,306,475
Investments
3
5,515,493
4,846,722
10,821,968
10,153,197
Current assets
Debtors
5
15,040
21,120
Cash at bank and in hand
1,443,631
1,519,118
1,458,671
1,540,238
Creditors: amounts falling due within one year
6
(305,315)
(329,410)
Net current assets
1,153,356
1,210,828
Net assets
11,975,324
11,364,025
Capital and reserves
Called up share capital
7
115,000
115,000
Share premium account
9,412,983
9,412,983
Profit and loss reserves
2,447,341
1,836,042
Total equity
11,975,324
11,364,025

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
Mr T M Hartley
Director
Company registration number 06657258 (England and Wales)
TWR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

TWR Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lingmell, 7 Woodland Road, Ulverston, LA12 0DX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rents receivable for the financial period, net of VAT. Rent receivable is recognised on an accruals basis over the period to which it relates, in accordance with the terms of the relevant lease agreements.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

1.5
Fixed asset investments

Fixed asset investments are measured using the fair value model and stated at their fair value at the reporting end date. Gains or losses on revaluation or disposal are recognised in the profit and loss account.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

TWR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
TWR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
5,515,493
4,846,722
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2025
4,846,722
Additions
2,425,363
Valuation changes
570,931
Corporate actions
46,485
Disposals
(2,374,008)
At 31 December 2025
5,515,493
Carrying amount
At 31 December 2025
5,515,493
At 31 December 2024
4,846,722
4
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
5,306,475

The directors consider this valuation to be a fair indication of the value of the investment properties at 31 December 2025.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,495
10,069
Other debtors
1,207
1,748
Prepayments and accrued income
10,338
9,303
15,040
21,120
TWR DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
47
12
Taxation and social security
31,489
34,925
Other creditors
273,779
294,473
305,315
329,410
7
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
230,000 Ordinary shares of 50p each
115,000
115,000

The above share capital has been issued as follows:

49,500 'A' Ordinary shares of 50p each £24,750

39,333 'B' Ordinary shares of 50p each £19,666.50

39,333 'C' Ordinary shares of 50p each £19,666.50

39,334 'D' Ordinary shares of 50p each £19,667

5,000 'E' Ordinary shares of 50p each £2,500

5,000 'F' Ordinary shares of 50p each £2,500

500 'G' Ordinary shares of 50p each £250

500 'H' Ordinary shares of 50p each £250

500 'I' Ordinary shares of 50p each £250

500 'J' Ordinary shares of 50p each £250

500 'K' Ordinary shares of 50p each £250

500 'L' Ordinary shares of 50p each £250

49,500 'X' Ordinary shares of 50p each £24,750

All classes of shares rank pari passu in all respects save that the directors may declare a dividend on one class of share and not another class.

8
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
The company's directors
143,334
213,334
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