Tenby Properties Ltd Accounts






Tenby Properties Ltd

	Company No. 13148101
		Information for Filing with The Registrar
		31 December 2025

at	31 December 2025
Company No.		13148101	Notes	2025	2025
				£	£
Fixed assets

	Tangible assets		5	14,163	21,431
	Investment property		6	4,439,145	3,862,045

				4,453,308	3,883,476
Current assets

	Debtors		7	27,614	16,892

	Cash at bank and in hand			97,833	192,132
				125,447	209,024
Creditors: Amount falling due within one year			8	(55,287)	(25,272)
Net current assets				70,160	183,752
Total assets less current liabilities				4,523,468	4,067,228
Creditors: Amounts falling due after more than one year			9	(3,981,345)	(3,702,366)
Provisions for liabilities
	Deferred taxation			(124,039)	(97,493)

Net assets				418,084	267,369

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		11	417,984	267,269

Total equity				418,084	267,369



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 December 2025 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 25 August 2026 and signed on its behalf by:
Andrea Di Iorio
Director
25 August 2026

for the period ended 31 December 2025

General information

Tenby Properties Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 13148101

Its registered office is:

34 Grasmere Avenue

London

W3 6JU

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Rent is charged on a monthly basis. Rent revenue is recognised at the start of each rental month.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

Change in length of the reporting period

The length of the reporting period has changed from 12 months to 11 months to 31 December 2025 to align the accounting year-end with the company's other reporting requirements. Therefore the comparatives are not comparable.

4	Employees
			2025	2025
			Number	Number
		The average monthly number of employees (including directors) during the period:	0	0

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 February 2025	32,147	32,147
		Additions	5,171	5,171



		At 31 December 2025	37,318	37,318
		Depreciation
		At 1 February 2025	10,716	10,716
		Charge for the year	12,439	12,439



		At 31 December 2025	23,155	23,155
		Net book values
		At 31 December 2025	14,163	14,163
		At 31 January 2025	21,431	21,431

6	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 February 2025	3,862,045
		Additions	471,616
		Revaluation	105,484

		At 31 December 2025	4,439,145


		The company's freehold investment properties were revalued to current market value as at 31 December 2025 by suitably qualified professional valuers.

7	Debtors
			2025	2025
			£	£






		Other debtors	4,668	7,568
		Prepayments and accrued income	22,946	9,324
			27,614	16,892

8	Creditors:
		amounts falling due within one year
			2025	2025
			£	£




		Trade creditors	16,270	8,203

		Taxes and social security	5,142	-


		Accruals and deferred income	33,875	17,069
			55,287	25,272

9	Creditors:
		amounts falling due after more than one year
			2025	2025
			£	£






		Other creditors	3,981,345	3,702,366

			3,981,345	3,702,366





		Included within creditors falling due after more than one year is £3,981,345 (2025: £3,702,366) owed to the director. The loan is interest free, unsecured and has no fixed repayment terms. The director has confirmed that repayment will not be sought within 12 months of approval.

Share Capital

The company's share capital consists of 100 Ordinary shares of £1 each. All shares are allocated, called up and fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

12	Guarantees and commitments
			2025	2025
			£	£
		Total of guarantees and commitments	496,110	400,471





		Commitments are now based on actual rental levels achieved rather than business-plan projections.

13		Prior Period Adjustment
		During the financial year, the company identified a prior period omission regarding the recognition of deferred taxation on the fair value gains of investment properties. In accordance with FRS 102 Paragraph 29.16, deferred tax should have been recognised at the rate expected to apply on the sale of the asset. This has been corrected by restating each of the affected financial statement line items for the prior period as follows: Impact on the Balance Sheet (Statement of Financial Position): Deferred Tax Liability: Increased by £97,318 Profit and Loss Account (Opening Retained Earnings): Decreased by £97,318