Turngiant Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02035395 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TURNGIANT LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

D P Dumenil

M J Dumenil

SECRETARY:

M J Dumenil

REGISTERED OFFICE:

106 Woolbrook Road

Sidmouth

Devon

EX10 9EA

REGISTERED NUMBER:

02035395 (England and Wales)

FIXED ASSETS

Tangible assets

4

312,076

322,885

Investments

5

116,000

104,848

Investment property

6

400,000

828,076

827,733

CURRENT ASSETS

Stocks

5,000

Debtors

7

59,355

36,761

Cash at bank and in hand

19,862

57,042

84,217

98,803

CREDITORS

Amounts falling due within one year

8

79,591

94,833

NET CURRENT ASSETS

4,626

3,970

TOTAL ASSETS LESS CURRENT
LIABILITIES

832,702

831,703

CREDITORS

Amounts falling due after more than one
year

9

(1,037

)

(11,724

)

PROVISIONS FOR LIABILITIES

(922

)

-

NET ASSETS

830,743

819,979

CAPITAL AND RESERVES

Called up share capital

10

356

Non distributable reserves

11

183,212

172,060

Retained earnings

11

647,175

647,563

SHAREHOLDERS' FUNDS

830,743

819,979

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 11 August 2026 and were signed on its behalf by:

D P Dumenil - Director

M J Dumenil - Director

1.	STATUTORY INFORMATION

Turngiant 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.

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.

Turnover

Turnover represents the invoiced value of services supplied by the company.

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

10% on reducing balance

Plant and equipment

-

15% on cost

Office equipment

-

15% on cost

Motor vehicles

-

25% on cost

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 23 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

equipment

£

COST

At 1 January 2025

413,974

96,999

174,595

Additions

-

1,390

Disposals

-

At 31 December 2025

413,974

96,999

175,985

DEPRECIATION

At 1 January 2025

98,196

94,239

172,636

Charge for year

9,057

361

1,123

Eliminated on disposal

-

At 31 December 2025

107,253

94,600

173,759

NET BOOK VALUE

At 31 December 2025

306,721

2,399

2,226

At 31 December 2024

315,778

2,760

1,959

Office

Motor

equipment

vehicles

Totals

£

COST

At 1 January 2025

105,040

22,850

813,458

Additions

-

1,390

Disposals

-

(21,900

)

(21,900

)

At 31 December 2025

105,040

950

792,948

DEPRECIATION

At 1 January 2025

102,652

22,850

490,573

Charge for year

1,658

-

12,199

Eliminated on disposal

-

(21,900

)

(21,900

)

At 31 December 2025

104,310

950

480,872

NET BOOK VALUE

At 31 December 2025

730

-

312,076

At 31 December 2024

2,388

-

322,885

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

104,848

Revaluations

11,152

At 31 December 2025

116,000

NET BOOK VALUE

At 31 December 2025

116,000

At 31 December 2024

104,848

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

11,152

Cost

104,848

116,000

Fixed asset investments consist of a collection of classic cars that are being held by the company with a view to realising an investment surplus.

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

400,000

NET BOOK VALUE

At 31 December 2025

400,000

At 31 December 2024

400,000

Cost or valuation at 31 December 2025 is represented by:

£

Valuation in 2017

62,060

Valuation in 2019

10,000

Valuation in 2020

50,000

Valuation in 2021

40,000

Valuation in 2022

10,000

Cost

227,940

400,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

227,940

The investment properties were valued on an open market basis on 31 December 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

53,963

34,335

Other debtors

5,392

2,426

59,355

36,761

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

10,435

10,086

Trade creditors

1,443

17,918

Taxation and social security

4,012

4,452

Other creditors

63,701

62,377

79,591

94,833

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

1,037

11,724

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

356

ordinary

1

356

11.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

At 1 January 2025

647,563

172,060

819,623

Profit for the year

20,934

-

20,934

Dividends

(10,170

)

-

(10,170

)

Transfer to non dist reserves

(11,152

)

11,152

-

At 31 December 2025

647,175

183,212

830,387

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

D P Dumenil

Balance outstanding at start of year

(6,885

)

8,302

Amounts advanced

(562

)

-

Amounts repaid

-

(15,187

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(7,447

)

(6,885

)

M J Dumenil

Balance outstanding at start of year

(6,886

)

8,301

Amounts advanced

(562

)

-

Amounts repaid

-

(15,187

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(7,448

)

(6,886

)

Loans to the directors are unsecured, repayable on demand and interest is charged at the approved rate.

13.	POST BALANCE SHEET EVENTS

Since the year end the language school business has been sold to a third party. The company continues to operate by renting out its property. In addition, the company expects to be liable for a dilapidations expense in relation to a property rented from a third party until the sale of the business. The amount of this expense is yet to be determined.