TGMC PROPERTY DEVELOPMENTS LIMITED


Directors	COOK, Mark
	GIBLIN, Thomas


Registered Address	70 Wright Street
	Hull
	HU2 8JD


Registered Number	14955731 (England and Wales)

Balance Sheet as at
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		15,622		19,944
			15,622		19,944
Current assets
Debtors	4	10,585		13,910
Cash at bank and on hand		4,770		1,181
		15,355		15,091
Creditors amounts falling due within one year	5	(22,326)		(7,720)
Net current assets (liabilities)			(6,971)		7,371
Total assets less current liabilities			8,651		27,315
Creditors amounts falling due after one year	6		(14,097)		(17,696)
Net assets			(5,446)		9,619
Capital and reserves
Called up share capital			100		100
Profit and loss account			(5,546)		9,519
Shareholders' funds			(5,446)		9,619

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 August 2026, and are signed on its behalf by:

GIBLIN, Thomas
Director
Registered Company No. 14955731

TGMC PROPERTY DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	20
	Vehicles	20

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 July 25	19,365	1,871	21,236
Additions	-	789	789
Disposals	(1,370)	-	(1,370)
At 30 June 26	17,995	2,660	20,655
Depreciation and impairment
At 01 July 25	668	624	1,292
Charge for year	3,412	329	3,741
At 30 June 26	4,080	953	5,033
Net book value
At 30 June 26	13,915	1,707	15,622
At 30 June 25	18,697	1,247	19,944

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	3,716	384
Other debtors	6,869	13,371
Prepayments and accrued income	-	155
Total	10,585	13,910

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	19,535	7,493
Taxation and social security	2,791	-
Other creditors	-	227
Total	22,326	7,720


	Included within bank borrowings and overdrafts is an amount payable to the director of £19,535 (30.06.2025 £7,493)

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	14,097	17,696
Total	14,097	17,696

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	14,097		17,696

8.	Share capital
	100 Ordinary Shares