Team Green Property Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12136437 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2026

for

Team Green Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Green

Mrs C E Green

REGISTERED OFFICE:

68 Tenby Road

Redcar

United Kingdom

Cleveland

TS10 4GZ

REGISTERED NUMBER:

12136437 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

517

508

Investment property

5

160,000

160,517

160,508

CURRENT ASSETS

Debtors

6

785

172

Cash at bank

3,962

10,349

4,747

10,521

CREDITORS

Amounts falling due within one year

7

15,905

21,556

NET CURRENT LIABILITIES

(11,158

)

(11,035

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

149,359

149,473

CREDITORS

Amounts falling due after more than one
year

8

(89,500

)

(89,495

)

PROVISIONS FOR LIABILITIES

(7,307

)

(7,307

)

NET ASSETS

52,552

52,671

CAPITAL AND RESERVES

Called up share capital

10

100

Fair value reserve

11

31,153

Retained earnings

21,299

21,418

SHAREHOLDERS' FUNDS

52,552

52,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

M A Green - Director

1.	STATUTORY INFORMATION

Team Green Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable and is measured at the fair value of the consideration receivable, before deduction of agency fees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2025

4,869

Additions

309

Disposals

(93

)

At 31 August 2026

5,085

DEPRECIATION

At 1 September 2025

4,361

Charge for year

300

Eliminated on disposal

(93

)

At 31 August 2026

4,568

NET BOOK VALUE

At 31 August 2026

517

At 31 August 2025

508

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2025

and 31 August 2026

160,000

NET BOOK VALUE

At 31 August 2026

160,000

At 31 August 2025

160,000

Fair value at 31 August 2026 is represented by:

£

Valuation in 2021

13,460

Valuation in 2022

10,000

Valuation in 2024

5,000

Valuation in 2025

10,000

Cost

121,540

160,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

Cost

121,540

Investment property was valued on an open market basis on 31 August 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

785

172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation and social security

204

2,505

Other creditors

15,701

19,051

15,905

21,556

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Other creditors

89,500

89,495

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

89,500

89,495

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Other loans

89,500

89,495

The company's loans are secured by way of legal mortgage over the investment property.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

11.

RESERVES

Fair

value

reserve

£

At 1 September 2025

and 31 August 2026

31,153