REGISTERED NUMBER: 10921191 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

TYMARIC PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Elliott

G P Elliott

REGISTERED OFFICE:

Tyburn House

Ely Grange Estate

Frant

TN3 9DZ

REGISTERED NUMBER:

10921191 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

680

1,360

Investments

5

50

100,050

Investment property

6

1,850,000

1,650,000

1,850,730

1,751,410

CURRENT ASSETS

Stocks

50,702

693,570

Debtors

7

167,173

1,236,091

Cash at bank and in hand

556

489

218,431

1,930,150

CREDITORS

Amounts falling due within one year

8

37,070

41,124

NET CURRENT ASSETS

181,361

1,889,026

TOTAL ASSETS LESS CURRENT LIABILITIES

2,032,091

3,640,436

CREDITORS

Amounts falling due after more than one year

9

(679,216

)

(2,440,329

)

PROVISIONS FOR LIABILITIES

(146,677

)

(96,847

)

NET ASSETS

1,206,198

1,103,260

CAPITAL AND RESERVES

Called up share capital

60

60

Revaluation reserve

439,522

289,522

Retained earnings

766,616

813,678

SHAREHOLDERS' FUNDS

1,206,198

1,103,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

J Elliott - Director

1.	STATUTORY INFORMATION

Tymaric Properties Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10921191 and registered office address is at Tyburn House, Ely Grange Estate, Frant, United Kingdom, TN3 9DZ.

Principal activity

The principal activity of the company in the year under review was that of development of commercial building projects.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of properties and profit share from company investments is recognised on completion.

Tangible fixed assets

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

Fixtures and fittings

-

33.33% on cost

Office equipment

-

33.33% 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

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and the ongoing support of the directors, to whom the creditor due in more than one year is owed.

Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Other income

Other income relates to rental income, which is recognised on a straight line basis in accordance with the terms of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

Cost

At 1 December 2024

and 30 November 2025

932

2,888

3,820

Depreciation

At 1 December 2024

307

2,153

2,460

Charge for year

307

373

680

At 30 November 2025

614

2,526

3,140

Net book value

At 30 November 2025

318

362

680

At 30 November 2024

625

735

1,360

5.	FIXED ASSET INVESTMENTS

Interest

in joint

venture

£

Cost

At 1 December 2024

100,050

Impairments

(100,000

)

At 30 November 2025

50

Net book value

At 30 November 2025

50

At 30 November 2024

100,050

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Lamberts Park (Management) Ltd

Registered office: Tyburn House, Ely Grange Estate, Frant, Tunbridge Wells, Kent, TN3 9DZ

Nature of business: Buying, selling and management of real estate

%

Class of shares:

holding

Ordinary

50.00

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 December 2024

1,650,000

Revaluations

200,000

At 30 November 2025

1,850,000

Net book value

At 30 November 2025

1,850,000

At 30 November 2024

1,650,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2020

386,030

Valuation in 2025

200,000

Cost

1,263,970

1,850,000

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

2,587

Other debtors

116,881

1,037,697

VAT

-

8,776

Prepayments and accrued income

-

135,339

116,881

1,184,399

Amounts falling due after more than one year:

Other debtors

50,292

51,692

Aggregate amounts

167,173

1,236,091

Other debtors less than one year

As at the balance sheet date, there were loans owing to the company included within other debtors less than one year and more than one year of £239,792 (2024: £1,084,243). Interest is charged on the loans at varying rates between 7% - 8.9% per annum.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

16,564

22,092

Corporation tax

8,031

7,821

VAT

365

-

Other creditors

10,110

9,210

Accruals and deferred income

2,000

2,001

37,070

41,124

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Directors' loan accounts

679,216

2,440,329

10.	RELATED PARTY DISCLOSURES

As at the balance sheet date, there was an amount owed to the company directors included within creditors due after one year of £679,216 (2024: £2,440,329). The amount is interest free and has no repayment terms attached.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director John Elliott, by virtue of his majority shareholding of voting shares.