Registration number: 10075500

Townhead Investments Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Townhead Investments Limited

(Registration number: 10075500)
Balance Sheet as at 31 May 2026

	Note	2026		2025
		£	£	£	£
Fixed assets
Investment property	4		2,910,000		2,810,000
Other financial assets	5		2,281,524		1,601,061
			5,191,524		4,411,061
Current assets
Debtors	6	9,433		17,083
Cash at bank and in hand		852,455		1,176,756
		861,888		1,193,839
Creditors: Amounts falling due within one year	7	(195,116)		(115,723)
Net current assets			666,772		1,078,116
Total assets less current liabilities			5,858,296		5,489,177
Provisions for liabilities			(154,000)		(178,000)
Net assets			5,704,296		5,311,177
Capital and reserves
Called up share capital	8	1		1
Fair value reserve		463,971		534,389
Retained earnings		5,240,324		4,776,787
Shareholders' funds			5,704,296		5,311,177

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 August 2026
 

......................................... R Staples Director

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Townhead
Slaidburn
Clitheroe
BB7 3EU

These financial statements were authorised for issue by the director on 12 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of assets in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Valuations are based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably other investments are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
 

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

4	Investment properties

	2026 £
At 1 June 2025	2,810,000
Fair value adjustments	100,000
At 31 May 2026	2,910,000

The properties have been revalued to open market value by the directors. The historical cost of the properties is £2,502,234.

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 June 2025	1,601,061	1,601,061
Fair value adjustments	(194,418)	(194,418)
Additions	1,695,854	1,695,854
Disposals	(820,973)	(820,973)
At 31 May 2026	2,281,524	2,281,524
Carrying amount
At 31 May 2026	2,281,524	2,281,524
At 31 May 2025	1,601,061	1,601,061

6

Debtors

Current	2026 £	2025 £
Trade debtors	8,800	8,800
Prepayments	633	8,283
	9,433	17,083

Townhead Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	38,400	28,424
Taxation and social security	139,973	70,584
Accruals and deferred income	16,300	16,272
Other creditors	443	443
	195,116	115,723

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £0.01 each	100	1	100	1