REGISTERED NUMBER: 01947022 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Terrian Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Sharp

R Sharp

REGISTERED OFFICE:

Unit 8

Lincoln Road Industrial Estate

Leadenham

Lincoln

Lincolnshire

LN5 0PE

REGISTERED NUMBER:

01947022 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

59,356

63,150

Investment property

5

250,000

250,000

309,356

313,150

CURRENT ASSETS

Debtors

6

2,055

2,001

Cash at bank

92,315

86,787

94,370

88,788

CREDITORS

Amounts falling due within one year

7

12,328

22,684

NET CURRENT ASSETS

82,042

66,104

TOTAL ASSETS LESS CURRENT LIABILITIES

391,398

379,254

PROVISIONS FOR LIABILITIES

37,855

36,907

NET ASSETS

353,543

342,347

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

172,612

172,612

Retained earnings

180,831

169,635

SHAREHOLDERS' FUNDS

353,543

342,347

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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:

R Sharp - Director

M J Sharp - Director

1.	STATUTORY INFORMATION

Terrian Property 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 as modified by the revaluation of certain assets.

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.

Land and Buildings

-

not provided

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

25% 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.

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

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 year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Land and

to

Plant and

and

Buildings

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 January 2025

11,160

44,973

9,876

70,274

136,283

Additions

-

-

2,226

6,840

9,066

At 31 December 2025

11,160

44,973

12,102

77,114

145,349

DEPRECIATION

At 1 January 2025

-

36,961

2,936

33,236

73,133

Charge for year

-

1,201

1,968

9,691

12,860

At 31 December 2025

-

38,162

4,904

42,927

85,993

NET BOOK VALUE

At 31 December 2025

11,160

6,811

7,198

34,187

59,356

At 31 December 2024

11,160

8,012

6,940

37,038

63,150

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

250,000

NET BOOK VALUE

At 31 December 2025

250,000

At 31 December 2024

250,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2005

117,220

Valuation in 2012

(10,000

)

Valuation in 2016

5,000

Valuation in 2021

95,000

Cost

42,780

250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,286

1,575

Amounts owed by group undertakings

314

-

Other debtors

455

426

2,055

2,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

8,873

Taxation and social security

4,091

5,737

Other creditors

8,237

8,074

12,328

22,684

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Fair

value

reserve

£

At 1 January 2025

and 31 December 2025

172,612