Company Registration No. 03106864 (England and Wales)
TOLLADINE ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Cavendish
Chartered Certified Accountants
68 Grafton Way
London W1T 5DS
Ref: 6438
TOLLADINE ESTATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
TOLLADINE ESTATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
646,170
646,170
Investments
5
271,898
271,898
918,068
918,068
Current assets
Debtors
6
16,971,225
16,931,924
Cash at bank and in hand
9,294
6,027
16,980,519
16,937,951
Creditors: amounts falling due within one year
7
(737,482)
(720,462)
Net current assets
16,243,037
16,217,489
Total assets less current liabilities
17,161,105
17,135,557
Creditors: amounts falling due after more than one year
8
(633,920)
(546,400)
Net assets
16,527,185
16,589,157
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
16,527,183
16,589,155
Total equity
16,527,185
16,589,157
TOLLADINE ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 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 director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 August 2026
S W Waterfield
Director
Company registration number 03106864 (England and Wales)
TOLLADINE ESTATES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
2
16,874,017
16,874,019
Year ended 31 March 2024:
Loss and total comprehensive income
-
(284,862)
(284,862)
Balance at 31 March 2024
2
16,589,155
16,589,157
Year ended 31 March 2025:
Loss and total comprehensive income
-
(61,972)
(61,972)
Balance at 31 March 2025
2
16,527,183
16,527,185
TOLLADINE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Tolladine Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Manor Farm Offices, Corsley, Warminster, Wiltshire, England, BA12 7QE.

1.1
Accounting convention

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 investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

1.3
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.

1.4
Fixed asset investments

Unlisted investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

TOLLADINE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

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.

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.

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. A m ounts 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
-
0
-
0
TOLLADINE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Intangible fixed assets
Other
£
Cost
At 1 April 2024 and 31 March 2025
75,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
75,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
646,170

Investment property comprises freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at director as at 31 March 2025. The valuation was made on an open market value basis by reference to existing use.

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
271,898
271,898
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,000
31,000
Corporation tax recoverable
1,292,660
1,202,291
Other debtors
15,666,565
15,698,633
16,971,225
16,931,924
TOLLADINE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
20,000
20,000
Trade creditors
54,766
62,752
Taxation and social security
7,987
4,754
Other creditors
654,729
632,956
737,482
720,462
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
633,920
546,400
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Consultancy fees
2025
2024
£
£
Key management personnel
11,884
34,379

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Other related parties
585,726
581,232
2025
2024
Amounts due from related parties
£
£
Key management personnel
1,512,524
1,517,824
Other related parties
13,018,905
13,045,705
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