Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
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| Investments | 4 |
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| 4,345,078 | 3,522,848 | |||
| Current assets | ||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| 1,264,872 | 919,953 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current liabilities | (1,129,406) | (437,980) | ||
| Total assets less current liabilities | 3,215,672 | 3,084,868 | ||
| Creditors: amounts falling due after more than one year | 7 | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Profit and loss account |
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of Taylor Homes Property Limited (registered number:
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Mr S Grier
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Taylor Homes Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 25 Woodhall Road, Wishaw, North Lanarkshire, ML2 8PY, United Kingdom.
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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
In accordance with Section 390 of the Companies Act 2006, these financial statements cover the period from 1st of December 2024 to 30th of November 2025.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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 payments 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. Amounts 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.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Investment property | |
| £ | |
| Valuation | |
| As at 01 December 2024 |
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| Additions | 822,110 |
| As at 30 November 2025 |
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The fair value of the investment properties has been arrived at on the basis of valuations carried out at the year end by the directors. These valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties. The directors believe the additions in the year should be included at cost in the valuation
| 2025 | 2024 | ||
| £ | £ | ||
| Subsidiary undertakings |
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| Participating interests |
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| 121 | 1 |
Investments in subsidiaries
| 2025 | |
| £ | |
| Cost | |
| At 01 December 2024 |
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| Additions |
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| At 30 November 2025 |
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| Carrying value at 30 November 2025 |
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| Carrying value at 30 November 2024 |
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| Investments in joint ventures | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 December 2024 |
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| At 30 November 2025 |
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| Carrying value at 30 November 2025 |
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| Carrying value at 30 November 2024 |
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Investments in shares
Investments in joint ventures
The following were joint ventures of the Company:
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 30.11.2025 |
Ownership 30.11.2024 |
Held |
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Coralinn House 4 Royston Road, Livingston, West Lothian, Scotland, EH54 8AH | Other letting and operating of own or leased real estate |
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Direct |
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25 Woodhall Road, Wishaw, United Kingdom, ML2 8PY | Other letting and operating of own or leased real estate |
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Direct |
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| Trade creditors |
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| Amounts owed to own subsidiaries |
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| Amounts owed to related parties |
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| Taxation and social security |
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| Other creditors |
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Bank loans of £35,290 (2024: £35,600) are secured by charges over certain assets of the company.
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans (secured) |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 130 | 10 |
Transactions with entities in which the entity itself has a participating interest
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to subsidiary | 74,000 | 0 |
The above loan is unsecured, interest-free and repayable on demand.
Transactions with the entity's director
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed to director | 500,000 | 1,049,364 |
The above loan is unsecured, interest-free and repayable on demand.
Other related party transactions
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts owed from other related parties | 1,000,000 | 260,000 | |
| Amounts owed to other related parties | 1,699,364 | 0 |
The above loans are unsecured, interest-free and repayable on demand.
Parent Company:
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| 25 Woodhall Road Wishaw Scotland ML2 8PY |