Turners Property Investments Limited

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Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of Turners Property Investments Limited for the year ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Turners Property Investments Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Turners Property Investments Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Turners Property Investments Limited and state those matters that we have agreed to state to the director of Turners Property Investments Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turners Property Investments Limited and its director as a body for our work or for this report.

It is your duty to ensure that Turners Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Turners Property Investments Limited . You consider that Turners Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Turners Property Investments Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

03/02/2026

Elsburys Accountants ACCA

Suite 2, 1 Kings Road

Crowthorne

Berkshire

RG45 7BF

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Turners Property Investments Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 02882878

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		306		466
Investment Properties	5		650,000		600,000

			650,306		600,466
CURRENT ASSETS
Debtors	6	-		9,178
Cash at bank and in hand		13,921		9,809

		13,921		18,987
Creditors: Amounts Falling Due Within One Year	7	(6,104 )		(6,680 )

NET CURRENT ASSETS (LIABILITIES)			7,817		12,307

TOTAL ASSETS LESS CURRENT LIABILITIES			658,123		612,773

PROVISIONS FOR LIABILITIES
Deferred Taxation			(86,531 )		(74,031 )

NET ASSETS			571,592		538,742

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	10		328,922		291,422
Profit and Loss Account			242,668		247,318

SHAREHOLDERS' FUNDS			571,592		538,742

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Turners Property Investments Limited

Balance Sheet (continued)

As At 31 December 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs L Turner

Director

03/02/2026

The notes on pages 4 to 6 form part of these financial statements.

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Turners Property Investments Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Turners Property Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02882878 . The registered office is Elsburys Ltd Suite 2, 1 Kings Road, Crowthorne, Berkshire, RG45 7BF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	- 25% on reducing balance
Computer Equipment	- 33% on cost

2.4. Investment Properties

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.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred Tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Turners Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	613	1,178	1,791

As at 31 December 2025	613	1,178	1,791

Depreciation
As at 1 January 2025	613	712	1,325
Provided during the period	-	160	160

As at 31 December 2025	613	872	1,485

Net Book Value
As at 31 December 2025	-	306	306

As at 1 January 2025	-	466	466

5. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	600,000
Revaluations	50,000

As at 31 December 2025	650,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	234,547	234,547

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	9,178

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	3,385	3,325
Taxation and social security	2,719	3,355

	6,104	6,680

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Turners Property Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mrs Lynda Turner	9,178	760	(10,000 )	-	(61 )

The above loan is unsecured, interest free and repayable on demand.

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	291,422	247,318
Profit for year	-	48,849

Surplus on revaluation	37,500	-

Other comprehensive income for the year	37,500	-

Total comprehensive income for the year	37,500	48,849

Dividends paid	-	(16,000)
Transfer to/from Other Reserves	-	(37,499)

As at 31 December 2025	328,922	242,668

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