Company No: 03477804 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	3,196		3,995
Investment property	4	3,305,000		3,260,000
		3,308,196		3,263,995
Current assets
Debtors	5	74,646		82,066
Cash at bank and in hand		67,587		67,480
		142,233		149,546
Creditors: amounts falling due within one year	6	( 1,014,106)		( 1,106,683)
Net current liabilities		(871,873)		(957,137)
Total assets less current liabilities		2,436,323		2,306,858
Creditors: amounts falling due after more than one year	7	( 1,267,509)		( 1,498,509)
Provision for liabilities		( 224,296)		( 232,383)
Net assets		944,518		575,966
Capital and reserves
Called-up share capital		100		100
Undistributable reserve		507,379		29,597
Profit and loss account		437,039		546,269
Total shareholder's funds		944,518		575,966

For the financial year ending 30 April 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 member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tasman House Developments Limited (registered number: 03477804) were approved and authorised for issue by the Director on 09 August 2026. They were signed on its behalf by:

Dina Wheatcroft Director

1. Accounting policies

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.

General information and basis of accounting

Tasman House Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, 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 £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 May 2025	24,280		24,280
At 30 April 2026	24,280		24,280
Accumulated depreciation
At 01 May 2025	20,285		20,285
Charge for the financial year	799		799
At 30 April 2026	21,084		21,084
Net book value
At 30 April 2026	3,196		3,196
At 30 April 2025	3,995		3,995

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2025	3,260,000
Fair value movement	371,183
Disposals	(326,183)
As at 30 April 2026	3,305,000

Valuation

There has been no valuation of investment property by an independent valuer.

5. Debtors

	2026		2025
	£		£
Trade debtors	16,092		13,832
Amounts owed by Parent undertakings	700		700
Other debtors	57,854		67,534
	74,646		82,066

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Other taxation and social security	10,984		16,650
Other creditors	1,003,122		1,090,033
	1,014,106		1,106,683

7. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	1,267,509		1,498,509