TEULU ALLEN LIMITED


Director	James Guy Allen


Registered Address	Bell House
	Tredodridge
	Cowbridge
	CF71 7UL


Registered Number	10520016 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,346		2,588
Investment property	4		2,465,508		2,429,494
			2,469,854		2,432,082
Current assets
Debtors	5	147,327		1,312
Cash at bank and on hand		34,558		31,758
		181,885		33,070
Creditors amounts falling due within one year	6	(52,147)		(780,835)
Net current assets (liabilities)			129,738		(747,765)
Total assets less current liabilities			2,599,592		1,684,317
Creditors amounts falling due after one year	7		(835,000)		-
Provisions for liabilities	8		(56,079)		(54,702)
Net assets			1,708,513		1,629,615
Capital and reserves
Called up share capital			1,195,100		1,195,100
Other reserves			164,978		162,165
Profit and loss account			348,435		272,350
Shareholders' funds			1,708,513		1,629,615

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 August 2026, and are signed on its behalf by:

James Guy Allen
Director
Registered Company No. 10520016

TEULU ALLEN LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially recorded at cost and subsequently at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	25

	Investment property
	Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit and loss account.

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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. Classification of financial liabilities 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. 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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.

Classification of financial liabilities
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.

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.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	2,854	109	3,453	6,416
Additions	2,056	756	-	2,812
At 31 December 25	4,910	865	3,453	9,228
Depreciation and impairment
At 01 January 25	1,653	67	2,108	3,828
Charge for year	541	177	336	1,054
At 31 December 25	2,194	244	2,444	4,882
Net book value
At 31 December 25	2,716	621	1,009	4,346
At 31 December 24	1,201	42	1,345	2,588

4.	Investment property
	Investment properties have been shown at the fair value which is valued by the director. The historical cost of the investments properties below is £2,184,293 (2024: £2,152,029).


		£
	Fair value at 01 January 25	2,429,494
	Additions	32,264
	Fair value adjustments	3,750
	At 31 December 25	2,465,508

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,188	-
Other debtors	145,139	-
Prepayments and accrued income	-	1,312
Total	147,327	1,312

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,416	25,156
Taxation and social security	24,406	32,436
Other creditors	24,885	721,803
Accrued liabilities and deferred income	1,440	1,440
Total	52,147	780,835

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	835,000	-
Total	835,000	-


	Included in bank borrowings due after one year is an interest‑only loan of £835,000 (2024: Nil), secured against the investment property of the Company.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	56,079	54,702
Total	56,079	54,702

9.	Related party transactions
	Included in other creditors due with in one year at the year end is an amount of £22,375 (2024:£703,169) due to the directors. Included in other debtors falling due within one year are due from companies connected to the director Teulu Vets Limited £145,140 (2024: £14,860 creditor balance)