NICK TEAGUE PROPERTY LTD

NICK TEAGUE PROPERTY LTD
Contents Page
For the year ended 31 May 2026

Company Information	1
Director's Report	2
Statement of Financial Position	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5

NICK TEAGUE PROPERTY LTD
Company Information
For the year ended 31 May 2026

Director	Nicholas Luke TEAGUE
Registered Number	15726454
Registered Office	APARTMENT A, MANGLEFORD BARN ELM STREET EDENFIELD BL0 0JU
Accountants	More Than Accountants Limited 5 Canon Court Institute Street BL1 1PZ

1

NICK TEAGUE PROPERTY LTD
Director's Report
For the year ended 31 May 2026

Director's report and financial statements

The director presents his annual report and the financial statements for the year ended 31 May 2026.

Director

The director who served the company throughout the year was as follows:

Nicholas Luke TEAGUE

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Nicholas Luke TEAGUE
Director

Date approved: 31 August 2026

2

Registered Number: 15726454 NICK TEAGUE PROPERTY LTD
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £ (as restated)
Fixed assets
Tangible fixed assets	3	280,000	-
		280,000	-
Current assets
Debtors	4	654	-
Cash at bank and in hand		1,016	64,466
		1,670	64,466
Creditors: amount falling due within one year	5	(119,619)	(61,576)
Net current assets		(117,949)	2,890

Total assets less current liabilities		162,051	2,890
Provisions for liabilities	6	(30,770)	-
Net assets		131,281	2,890

Capital and reserves
Called up share capital		100	100
Revaluation Reserves	7	174,739	-
Profit and loss account		(43,558)	2,790
Shareholders' funds		131,281	2,890

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 31 August 2026 and were signed by:

-------------------------------
Nicholas Luke TEAGUE
Director

3

NICK TEAGUE PROPERTY LTD
Statement of Changes in Equity
For the year ended 31 May 2026

	Equity share capital	Revaluation reserve	Retained Earnings	Total
	£	£	£	£
Profit/(Loss) for the year			2,790	2,790
Total comprehensive income for the year	-	-	2,790	2,790
Shares issued	100			100
Total investments by and distributions to owners	100	-	-	100
At 31 May 2025	100		2,790	2,890
At 01 June 2025	100		2,790	2,890
Profit/(Loss) for the year			(46,348)	(46,348)
Revaluation of Fixed Assets		174,739		174,739
Total comprehensive income for the year	-	174,739	(46,348)	128,391
Total investments by and distributions to owners	-	-	-	-
At 31 May 2026	100	174,739	(43,558)	131,281

4

NICK TEAGUE PROPERTY LTD
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

NICK TEAGUE PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 15726454, registration address APARTMENT A, MANGLEFORD BARN, ELM STREET EDENFIELD, BL0 0JU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2025 : 1).

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 June 2025	-	-
Additions	105,261	105,261
Disposals	-	-
Revaluations	174,739	174,739
At 31 May 2026	280,000	280,000
Depreciation
At 01 June 2025	-	-
Charge for year	-	-
On disposals	-	-
At 31 May 2026	-	-
Net book values
Closing balance as at 31 May 2026	280,000	280,000
Opening balance as at 01 June 2025	-	-

4.

Debtors: amounts falling due within one year

	2026 £		2025 £
Corporation Tax	654		-
	654		-

5.

Creditors: amount falling due within one year

	2026 £	2025 £
Corporation Tax	-	654
Directors' Current Accounts	119,619	60,922
	119,619	61,576

6.

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	30,770		-
	30,770		-

7.

Revaluation Reserves

	2026 £		2025 £
Revaluation of Fixed Assets	174,739		-
	174,739		-

5

Registered Number: 15726454
England and Wales
NICK TEAGUE PROPERTY LTD

Unaudited Financial Statements

Period of accounts Start date: 01 June 2025 End date: 31 May 2026