Great Tew Properties Limited - Filleted accounts

Registered number

10769186

Great Tew Properties Limited

Filleted Accounts

28 February 2026

Great Tew Properties Limited
Registered number:		10769186
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Investment property	3		4,578,991			4,577,500

Current assets
Stocks		3,518,802			3,361,183
Debtors	4	180,623			347,353
Cash at bank and in hand		1,166			6,849
		3,700,591			3,715,385

Creditors: amounts falling due within one year	5	(82,230)			(81,208)

Net current assets			3,618,361			3,634,177

Net assets			8,197,352			8,211,677

Capital and reserves
Called up share capital			8			8
Share premium account			7,313,685			7,313,685
Profit and loss account			883,659			897,984

Shareholders' funds			8,197,352			8,211,677

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr N M M Johnston
Director
Approved by the board on 3 August 2026

Great Tew Properties Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises rental income receivable from investment properties and proceeds from the sale of properties. Rental income is recognised on a straight-line basis over the term of the lease. Revenue arising from the sale of properties is recognised when control of the property has transferred to the purchaser, which is typically on legal completion. Turnover is stated net of VAT and trade discounts.

	Investment property
	Investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss in the period in which they arise. Fair values are determined by reference to independent valuations and market evidence where available. No depreciation is charged in respect of investment property.
	Operating leases: the company as lessee
	Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

	Interest income
	Interest income is recognised in profit or loss using the effective interest method.
	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Financial instruments
	The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0


3	Investment property	2026		2025
£			£
	Freehold investment property

	Fair value
	Brought forward	4,577,500		4,525,000
	Additions	1,491		-
	Revaluations	-		52,500
	Carried forward	4,578,991		4,577,500


	Investment property valuation
	The directors reviewed the valuation of the investment properties with reference to the most recent independent valuation and current market conditions and concluded that no material change in fair value had occurred during the year.

4	Debtors	2026		2025
£			£

	Trade debtors	346		241
	Other debtors	180,277		347,112
		180,623		347,353




5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	35,926		9,555
	Other creditors	46,304		71,653
		82,230		81,208


	Secured borrowings
	The company has granted fixed and floating charges in favour of HSBC Bank plc over certain freehold properties and related assets of the company in connection with banking facilities. The charges remain registered at Companies House at the reporting date.


6	Share capital	2026		2025
£			£
	Allotted, called up and paid up share capital

	100 A ordinary shares of £0.01 each	1		1
	100 B ordinary shares of £0.01 each	1		1
	100 C ordinary shares of £0.01 each	1		1
	100 D ordinary shares of £0.01 each	1		1
	100 F ordinary shares of £0.01 each	1		1
	100 G ordinary shares of £0.01 each	1		1
	100 H ordinary shares of £0.01 each	1		1
	100 I ordinary shares of £0.01 each	1		1
		8		8


7	Related party transactions

	Included within other debtors is an amount of £170,000 (2025: £345,000) due from Johnston Estate Management Group Ltd, a related party by virtue of common shareholder interests. The balance is unsecured, interest free and repayable on demand.


8	Controlling party

	The company is controlled by Flowgiant Limited and Giantflow Limited, both incorporated in England and Wales. The registered office of both entities is The Estate Office, Quarry Farm, Banbury Road, Great Tew, Chipping Norton, Oxfordshire, England, OX7 4BT. The directors consider these entities to be the ultimate controlling parties of the company.


9	Other information

	Great Tew Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Estate Office
	Quarry Farm
	Great Tew
	Oxfordshire
	OX7 4BT