Company No: 07524071 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	151,993		175,659
Tangible assets	4	77,827		79,248
		229,820		254,907
Current assets
Debtors	5	356,621		260,808
Cash at bank and in hand		833,861		1,638,427
		1,190,482		1,899,235
Creditors: amounts falling due within one year	6	( 412,255)		( 1,009,176)
Net current assets		778,227		890,059
Total assets less current liabilities		1,008,047		1,144,966
Creditors: amounts falling due after more than one year	7	( 66,900)		( 148,688)
Provision for liabilities		( 13,614)		( 10,723)
Net assets		927,533		985,555
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		927,433		985,455
Total shareholders' funds		927,533		985,555

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Comprehensive Income has not been delivered.

The financial statements of TLC Real Estate Services Limited (registered number: 07524071) were approved and authorised for issue by the Board of Directors on 03 September 2026. They were signed on its behalf by:

C J Coronna Director

S Hossack 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

TLC Real Estate Services 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 13 Crescent Place, London, SW3 2EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Turnover

Turnover represents amounts receivable for services net of VAT and discounts.

Fees receivable on property sales are recognised on completion.

Letting and management fees are recognised as income as the respective rent is received. In the event of a break clause the fee is payable on commencement to this date and the remaining fee is payable one day thereafter.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Taxation

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 is 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Computer software	3 years straight line

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 or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	3 - 5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	3 - 8 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases including any lease incentives received, are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

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.

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, 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.

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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Investment income

Investment income represents its share of profits from third party property developments which is recognised when the amounts are known and payable.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	31		42

3. Intangible assets

	Goodwill		Computer software		Total
	£		£		£
Cost
At 01 January 2025	536,653		15,602		552,255
At 31 December 2025	536,653		15,602		552,255
Accumulated amortisation
At 01 January 2025	360,994		15,602		376,596
Charge for the financial year	23,666		0		23,666
At 31 December 2025	384,660		15,602		400,262
Net book value
At 31 December 2025	151,993		0		151,993
At 31 December 2024	175,659		0		175,659

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2025	80,518		116,091		1,579		76,534		274,722
Additions	62,229		29,799		0		27,281		119,309
Disposals	( 59,042)		( 12,296)		0		( 13,622)		( 84,960)
At 31 December 2025	83,705		133,594		1,579		90,193		309,071
Accumulated depreciation
At 01 January 2025	44,510		98,325		1,579		51,060		195,474
Charge for the financial year	20,542		12,666		0		17,095		50,303
Disposals	( 4,719)		( 9,577)		0		( 237)		( 14,533)
At 31 December 2025	60,333		101,414		1,579		67,918		231,244
Net book value
At 31 December 2025	23,372		32,180		0		22,275		77,827
At 31 December 2024	36,008		17,766		0		25,474		79,248

5. Debtors

	2025		2024
	£		£
Trade debtors	8,957		42,841
Other debtors	347,664		217,967
	356,621		260,808

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	75,456		63,372
Trade creditors	57,112		105,047
Amounts owed to associates	42,876		0
Corporation tax	47,190		167,800
Other taxation and social security	25,210		258,916
Other creditors	164,411		414,041
	412,255		1,009,176

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

	2025		2024
	£		£
Bank loans	66,900		148,688

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 Ordinary A Shares shares of £ 1.00 each	50		50
50 Ordinary B Shares shares of £ 1.00 each	50		50
	100		100

All shares rank pari passu in respect of voting, dividends and on a winding up except that dividends can be paid at different amounts on each class and on one class and not the others.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
	0		0
	0		0

Dividends totalling £60,000 (2024 - £40,250) were paid in the year in respect of shares held by the company's directors.

10. Operating lease commitments

Lesse : At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

	2025		2024
	£		£
	1,157,918		105,444