Registration number: 05760433

Titan Garden Buildings Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 10

Titan Garden Buildings Limited

Company Information

Director

A Stewart-Clark

Registered office

Sinclaire Cottage Portsmouth Road Ripley Woking Surrey GU23 6EW

Auditors

Streets Audit LLP Wiston House 1 Wiston Avenue Worthing West Sussex BN14 7QL

Titan Garden Buildings Limited

(Registration number: 05760433)
Statement of Financial Position
30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	37,562	14,320
Current assets
Stocks	6	287,114	188,013
Debtors	7	152,451	75,297
Cash at bank and in hand		127,357	104,001
		566,922	367,311
Creditors: Amounts falling due within one year	8	(590,259)	(355,226)
Net current (liabilities)/assets		(23,337)	12,085
Total assets less current liabilities		14,225	26,405
Provisions for liabilities		(7,137)	(2,721)
Net assets		7,088	23,684
Capital and reserves
Called up share capital		100,000	100,000
Retained earnings		(92,912)	(76,316)
Shareholders' funds		7,088	23,684

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 August 2026
 

......................................... A Stewart-Clark Director

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sinclaire Cottage Portsmouth Road
Ripley
Woking
Surrey
GU23 6EW
United Kingdom

These financial statements were authorised for issue by the director on 21 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis as the director believes that no material uncertainties exist. The director has considered the level of reserves held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the company to be able to continue as a going concern.

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 21 August 2026 was Matthew Hodson BSc FCA, who signed for and on behalf of Streets Audit LLP.

.........................................

Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

Management is required to make key decisions and judgements in the process of applying the Company's accounting policies. The most significant areas where such judgements have been necessary is the valuation of work in progress. Where judgement has been applied, the key factors taken into consideration are disclosed in the accounting policies and the appropriate note in these financial statements.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the repoting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	over 50 years
Plant and machinery	25% reducing balance
Fixtures, fittings and equipment	33% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 5 years

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

Financial instruments

Classification
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 17 (2024 - 14).

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	(14,776)	(14,776)
Disposals	13,681	13,681
At 30 November 2025	(1,095)	(1,095)
Amortisation
Impairment	(1,095)	(1,095)
At 30 November 2025	(1,095)	(1,095)
Carrying amount
At 30 November 2025	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	14,886	6,681	13,462	35,029
Additions	11,677	23,195	-	34,872
Disposals	-	(3,001)	-	(3,001)
At 30 November 2025	26,563	26,875	13,462	66,900
Depreciation
At 1 December 2024	9,387	3,815	7,507	20,709
Charge for the year	3,778	3,616	1,489	8,883
Eliminated on disposal	-	(254)	-	(254)
At 30 November 2025	13,165	7,177	8,996	29,338
Carrying amount
At 30 November 2025	13,398	19,698	4,466	37,562
At 30 November 2024	5,499	2,866	5,955	14,320

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

6

Stocks

	2025 £	2024 £
Other inventories	287,114	188,013

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		54,749	10,038
Amounts owed by related parties	10	63,106	43,905
Prepayments		29,409	17,076
Other debtors		5,187	4,278
		152,451	75,297

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	148,736	117,746
Taxation and social security	117,752	90,956
Accruals and deferred income	22,640	18,761
Other creditors	301,131	127,763
	590,259	355,226

Titan Garden Buildings Limited

Notes to the Financial Statements
for the year ended 30 November 2025

9	Financial commitments, guarantees and contingencies

Subsequent to the year end, a personal injury claim relating to an incident occuring in May 2022 was settled for £29,600. The amounts have been included in other creditors and as an exceptional administration cost in the profit and loss account. The company is currently pursuing a claim with the insurance company to cover this expenditure, as well as related administrative expenditure in relation to the original claim.

10	Related party transactions

Summary of transactions with other related parties

Loan transactions with group companies:

Loans to related parties

2025	Group companies £	Total £
At start of period	43,906	43,906
Advanced	19,200	19,200
At end of period	63,106	63,106

2024	Group companies £	Total £
At start of period	73,277	73,277
Advanced	3,029	3,029
Repaid	(32,400)	(32,400)
At end of period	43,906	43,906

11	Parent and ultimate parent undertaking

The ultimate controlling party by virtue of owning 100% shares in Providence Place Ltd is Alex Stewart-Clark.

 The company's immediate parent is Providence Place Ltd, incorporated in England & Wales.

 

The parent of the smallest (and largest) group in which these financial statements are consolidated is Providence Place Ltd, incorporated in England & Wales. The address of Providence Place Ltd is Sinclaire Cottage, Portsmouth Road, Ripley, Woking, Surrey, GU23 6EW.