Company No: 16323574 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2025
		£
Fixed assets
Tangible assets	3	72,340
		72,340
Current assets
Debtors	4	148,083
Cash at bank and in hand		308,974
		457,057
Creditors: amounts falling due within one year	5	( 340,205)
Net current assets		116,852
Total assets less current liabilities		189,192
Provision for liabilities		( 18,085)
Net assets		171,107
Capital and reserves
Called-up share capital	6	100
Share premium account		69,902
Profit and loss account		101,105
Total shareholders' funds		171,107

For the financial period 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 period 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 Lettings and Sales Limited (registered number: 16323574) 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 period, unless otherwise stated.

General information and basis of accounting

TLC Real Estate Services Lettings and Sales 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 £.

Reporting period length

The year end date was shortened from 31 March 2026 to 31 December 2025 to bring in line with other related companies.

Turnover

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

Fees receivable on property sales are recognised on completion.

Letting is 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

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 Statement of Financial Position 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 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.

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
	not depreciated
Fixtures and fittings	5 years straight line
Office equipment	3 - 5 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 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

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Cash and cash equivalents

Cash and cash equivalents 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

	Period from 18.03.2025 to 31.12.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	10

3. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 18 March 2025	0		0		0		0
Additions	55,176		14,150		11,784		81,110
At 31 December 2025	55,176		14,150		11,784		81,110
Accumulated depreciation
At 18 March 2025	0		0		0		0
Charge for the financial period	5,904		1,544		1,322		8,770
At 31 December 2025	5,904		1,544		1,322		8,770
Net book value
At 31 December 2025	49,272		12,606		10,462		72,340

4. Debtors

	31.12.2025
	£
Trade debtors	61,468
Amounts owed by associates	42,876
Prepayments	11,864
Other debtors	31,875
	148,083

5. Creditors: amounts falling due within one year

	31.12.2025
	£
Trade creditors	11,018
Taxation and social security	98,568
Other creditors	230,619
	340,205

6. Called-up share capital

	31.12.2025
	£
Allotted, called-up and fully-paid
50 Ordinary A Shares shares of £ 1.00 each	50
50 Ordinary B Shares shares of £ 1.00 each	50
	100

On 18 March 2025 1 Ordinary A share and 1 Ordinary B share were issued at £1 each.
On 30 June 2025 49 Ordinary A shares and 49 Ordinary B Shares were issued at £713.29 per share.

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.

7. Financial commitments

Commitments

	31.12.2025
	£
Total future minimum lease payments under non-cancellable operating leases	124,000