Company registration number 01391360 (England and Wales)
TUDALWEB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
TUDALWEB LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
TUDALWEB LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
55,471
51,733
Investment property
5
2,615,000
2,615,000
Investments
6
834,629
558,538
3,505,100
3,225,271
Current assets
Debtors
7
29,546
34,928
Cash at bank and in hand
74,707
55,038
104,253
89,966
Creditors: amounts falling due within one year
8
(138,298)
(94,202)
Net current liabilities
(34,045)
(4,236)
Total assets less current liabilities
3,471,055
3,221,035
Creditors: amounts falling due after more than one year
9
(100,000)
-
0
Provisions for liabilities
10
(447,369)
(431,470)
Net assets
2,923,686
2,789,565
Capital and reserves
Called up share capital
11
3,249
3,249
Share premium account
34,780
34,780
Revaluation reserve
12
4,665
42,165
Profit and loss reserves
2,880,992
2,709,371
Total equity
2,923,686
2,789,565
TUDALWEB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 August 2026 and are signed on its behalf by:
Ms V J Farquharson
Director
Company registration number 01391360 (England and Wales)
TUDALWEB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Tudalweb Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, St Stephens Court, 15-17 St Stephens Road, Bournemouth, Dorset, UK, BH2 6LA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue represents property rents receivable, excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33% on reducing balance
Office
10% on cost
Furniture and equipment
15% on reducing balance

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Listed investments are recognised at their market value annually. Changes to the market value goes through the income statement.

1.6
Financial instruments
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.

TUDALWEB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
TUDALWEB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Tangible fixed assets
Computer equipment
Office
Furniture and equipment
Total
£
£
£
£
Cost
At 1 April 2025
5,167
33,588
125,315
164,070
Additions
2,047
-
0
10,245
12,292
At 31 March 2026
7,214
33,588
135,560
176,362
Depreciation and impairment
At 1 April 2025
3,990
11,530
96,817
112,337
Depreciation charged in the year
536
3,359
4,659
8,554
At 31 March 2026
4,526
14,889
101,476
120,891
Carrying amount
At 31 March 2026
2,688
18,699
34,084
55,471
At 31 March 2025
1,177
22,058
28,498
51,733
5
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
2,615,000

Investment property was valued on a fair value basis on 31 March 2026 by the directors.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2026
2025
£
£
Cost
2,725,627
2,725,627
6
Fixed asset investments
2026
2025
£
£
Other investments other than loans
834,629
558,538
TUDALWEB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
6
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Listed Investments
£
Cost or valuation
At 1 April 2025
558,538
Additions
255,771
Valuation changes
68,913
Disposals
(48,593)
At 31 March 2026
834,629
Carrying amount
At 31 March 2026
834,629
At 31 March 2025
558,538
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
8,331
5,812
Other debtors
21,215
29,116
29,546
34,928
8
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
8,739
4,408
Taxation and social security
23,591
14,242
Other creditors
105,968
75,552
138,298
94,202
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
100,000
-
0
TUDALWEB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
10
Provisions for liabilities
2026
2025
£
£
Loan interest provision
106,553
106,553
Deferred tax liabilities
340,816
324,917
447,369
431,470
11
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3,249
3,249
3,249
3,249
12
Revaluation reserve
2026
2025
£
£
At the beginning of the year
42,165
42,165
Other movements
(37,500)
-
At the end of the year
4,665
42,165
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