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Company No: 04125226 (England and Wales)

# T AND C (SERVICES) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

T AND C (SERVICES) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

T AND C (SERVICES) LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
T AND C (SERVICES) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | Kay Barbara Last
| Richard John Last

SECRETARY | Richard John Last

REGISTERED OFFICE | 76 Townsend Lane
| Harpenden
| Hertfordshire
| AL5 2RQ
| United Kingdom

COMPANY NUMBER | 04125226 (England and Wales)

ACCOUNTANT | Praxis
| 1 Fore Street Avenue
| London
| EC2Y 9DT

T AND C (SERVICES) LIMITED

## BALANCE SHEET

As at 31 December 2025
T AND C (SERVICES) LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 923 |  | 1,384
Investment property | 4 | 260,000 |  | 240,000
Investments | 5 | 129,080 |  | 118,531
|  | 390,003 |  | 359,915
Current assets |  |  |  |
Cash at bank and in hand | 6 | 47,628 |  | 45,271
|  | 47,628 |  | 45,271
Creditors: amounts falling due within one year | 7 | ( 22,936) |  | ( 27,179)
Net current assets |  | 24,692 |  | 18,092
Total assets less current liabilities |  | 414,695 |  | 378,007
Provision for liabilities | 8 | ( 23,650) |  | ( 19,938)
Net assets |  | 391,045 |  | 358,069
Capital and reserves |  |  |  |
Called-up share capital | 9 | 5,500 |  | 5,500
Profit and loss account |  | 385,545 |  | 352,569
Total shareholders' funds |  | 391,045 |  | 358,069

For the financial 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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of T and C (Services) Limited (registered number: 04125226) were approved and authorised for issue by the Board of Directors on 11 August 2026. They were signed on its behalf by:

Kay Barbara Last Director |

T AND C (SERVICES) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
T AND C (SERVICES) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

T and C (Services) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 76 Townsend Lane, Harpenden, Hertfordshire, AL5 2RQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover comprises rent receivable.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably.

##### Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 4,951 |  | 4,951
At 31 December 2025 | 4,951 |  | 4,951
Accumulated depreciation |  |  |
At 01 January 2025 | 3,567 |  | 3,567
Charge for the financial year | 461 |  | 461
At 31 December 2025 | 4,028 |  | 4,028
Net book value |  |  |
At 31 December 2025 | 923 |  | 923
At 31 December 2024 | 1,384 |  | 1,384

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 240,000
Fair value movement | 20,000
As at 31 December 2025 | 260,000

Valuation

A market valuation of the investment property was completed by the directors at the balance sheet date. The comparison approach was used for residential property which involved reviewing recent market evidence from the sales of similar properties during the period.

Historic cost

If the investment property had been accounted for using cost accounting rules, the property would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 136,444 |  | 136,444

#### 5. Fixed asset investments

| Listed investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 118,531 |  | 118,531
Movement in fair value | 10,549 |  | 10,549
At 31 December 2025 | 129,080 |  | 129,080
Carrying value at 31 December 2025 | 129,080 |  | 129,080
Carrying value at 31 December 2024 | 118,531 |  | 118,531

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 47,628 |  | 45,271

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 1,801 |  | 1,389
Other creditors | 21,135 |  | 25,790
| 22,936 |  | 27,179

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 23,650 |  | 19,938

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
3,000 A ordinary shares of £ 1.00 each | 3,000 |  | 3,000
500 B ordinary shares of £ 1.00 each | 500 |  | 500
500 C ordinary shares of £ 1.00 each | 500 |  | 500
500 D ordinary shares of £ 1.00 each | 500 |  | 500
500 E ordinary shares of £ 1.00 each | 500 |  | 500
500 F ordinary shares of £ 1.00 each | 500 |  | 500
| 5,500 |  | 5,500

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Loan from a director | 21,135 |  | 25,790

The loan from one of the Company's directors is unsecured, interest free and repayable on demand.

#### 11. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.