REGISTERED NUMBER: 11250735 (England and Wales)

TREDILION PARK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E R A Vidler

REGISTERED OFFICE:

Churchgate House

3 Church Road

Whitchurch

Cardiff

SOUTH GLAMORGAN

CF14 2DX

REGISTERED NUMBER:

11250735 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,123,521

2,158,341

CURRENT ASSETS

Debtors

5

215,430

221,324

Cash at bank

1,863

4,577

217,293

225,901

CREDITORS

Amounts falling due within one year

6

2,745,432

2,745,852

NET CURRENT LIABILITIES

(2,528,139

)

(2,519,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(404,618

)

(361,610

)

CREDITORS

Amounts falling due after more than one year

7

800,000

800,000

NET LIABILITIES

(1,204,618

)

(1,161,610

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(1,204,718

)

(1,161,710

)

SHAREHOLDERS' FUNDS

(1,204,618

)

(1,161,610

)

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 director acknowledges her 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 director and authorised for issue on 30 July 2026 and were signed by:

Mrs E R A Vidler - Director

1.	STATUTORY INFORMATION

Tredilion Park Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making her assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with her continued support.

The majority of the company's funding is provided by loans from related companies in which the Director has a controlling interest. It is anticipated these loans will be repaid from the eventual sale of a property, the net realisable value of which is in excess of the company's borrowings.

The director has indicated that she will continue to support the company for the foreseeable future and therefore the going concern basis of accounting remains appropriate.

Significant judgements and estimates

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Useful economic lives of tangible fixed assets - The annual depreciation charge for tangible assets is sensitive to changes in the estimated economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect the current estimate based on future investment, economic utilization and the physical condition of the assets.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% on cost

Freehold property is stated at cost less any impairment losses. The director considers that the residual value of the freehold property is at least equal to its carrying amount and, accordingly, no depreciation is charged. The residual value and useful economic life are reviewed annually and adjusted where appropriate.

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 January 2025

1,863,469

321,913

482,823

2,668,205

Additions

-

4,425

9,100

13,525

At 31 December 2025

1,863,469

326,338

491,923

2,681,730

DEPRECIATION

At 1 January 2025

-

96,491

413,373

509,864

Charge for year

-

32,635

15,710

48,345

At 31 December 2025

-

129,126

429,083

558,209

NET BOOK VALUE

At 31 December 2025

1,863,469

197,212

62,840

2,123,521

At 31 December 2024

1,863,469

225,422

69,450

2,158,341

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,973

-

Other debtors

212,457

221,324

215,430

221,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

268,505

226,315

Taxation and social security

-

415

Other creditors

2,476,927

2,519,122

2,745,432

2,745,852

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

800,000

800,000

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due between two and five years:

Bank loans

800,000

800,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

800,000

800,000

The company has provided a fixed and floating charge over its assets in respect of its bank loans together with a cross company guarantee in respect of the borrowings from a connected company totalling £3,073,194 (2024: £3,134,506). The director has also provided personal guarantees.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1.00

100

100

11.	TRANSACTIONS WITH DIRECTOR

As at 31 December 2025 an amount of £9,029 (2024: £15,029) was owed by the company to the director.

The loan is interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

As at 31 December 2025 an amount of £155,000 (2024: £155,000) was owed to the company by Nugent Lettings Limited. This balance is included within debtors due within one year. Nugent Lettings Limited is considered a related party due to common control.

As at 31 December 2025 an amount of £137,371 (2024: £132,161) was owed by the company to Cardiff Property Lettings Limited. This balance is included within creditors due within one year. During the year, the company charged management fees of £8,000 to Cardiff Property Lettings Limited (2024: £nil). Cardiff Property Lettings Limited is considered a related party due to common control.

As at 31 December 2025 an amount of £410,184 (2024: £426,080) was owed by the company to Luxury Lets Limited. This balance is included within creditors due within one year. During the year, the company charged management fees of £53,500 to Luxury Lets Limited (2024: £nil). Luxury Lets Limited is considered a related party due to common control.

As at 31 December 2025 an amount of £1,915,798 (2024: £1,929,298) was owed by the company to Key Let Limited. This balance is included within creditors due within one year. During the year, the company charged management fees of £13,500 to Key Let Limited (2024: £nil). Key Let Limited is considered a related party due to common control.

All related party transactions were unsecured, interest-free, and repayable on demand, unless otherwise stated.

13.	DEFERRED TAX

No deferred tax asset has been recognised in respect of available tax losses due to uncertainty over the timing of their recovery.