REGISTERED NUMBER: 09514552 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TELFORD PLAZA UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C D Patel

REGISTERED OFFICE:

6 St. Marys Gate

London

W8 5UA

REGISTERED NUMBER:

09514552 (England and Wales)

ACCOUNTANTS:

mgr MAP Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

300,000

300,000

Investment property

6

7,500,000

11,850,000

7,800,000

12,150,000

CURRENT ASSETS

Debtors

7

5,056,534

3,390,043

Cash at bank

446,931

812,001

5,503,465

4,202,044

CREDITORS

Amounts falling due within one year

8

(1,763,813

)

(1,601,394

)

NET CURRENT ASSETS

3,739,652

2,600,650

TOTAL ASSETS LESS CURRENT LIABILITIES

11,539,652

14,750,650

PROVISIONS FOR LIABILITIES

9

(941,237

)

(2,028,737

)

NET ASSETS

10,598,415

12,721,913

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,598,315

12,721,813

10,598,415

12,721,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 September 2026 and were signed by:

C D Patel - Director

1.	STATUTORY INFORMATION

Telford Plaza UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is recognised at the fair value of the consideration received or receivable for rent in the normal course of business, and is shown net of VAT.

Tangible fixed assets

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.

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. Changes in fair value are recognised in profit or loss.

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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

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, bank loans, loans from fellow group companies and preference

shares that are classified as debt, 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.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as

reported in the income statement because it excludes items of income or expense that are taxable or

deductible in other years and it further excludes 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

reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are

recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference

arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects

neither the tax profit nor the accounting profit.

Foreign currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in

foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising

on translation in the period are included in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Employee 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.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are

received.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

779

DEPRECIATION

At 1 January 2025

and 31 December 2025

779

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 January 2025

and 31 December 2025

300,000

NET BOOK VALUE

At 31 December 2025

300,000

At 31 December 2024

300,000

Market value of listed investments at 31 December 2025 - £ 304,907 (2024 - £ 338,213 ).

Fair value of financial assets carried at amortised cost

Except as detailed above the director believes that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

11,850,000

Revaluations

(4,350,000

)

At 31 December 2025

7,500,000

NET BOOK VALUE

At 31 December 2025

7,500,000

At 31 December 2024

11,850,000

The carrying value of the Investment Property was written down to £7,500,000 at the balance sheet date from its previous carrying value of £11,850,000, resulting in a fair value reduction of £4,350,000 recognised in profit or loss.

In accordance with FRS 102 Section 16, the property has been measured at fair value based on the director's assessment of available valuation evidence, including informal advice indicating a realistic market value of £7.0 million to £7.5 million. The valuation was not a formal valuation and therefore involved judgement by the director.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

7,500,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

3,102

7,302

Other debtors

5,053,432

3,382,741

5,056,534

3,390,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

794,713

386,231

Other creditors

969,100

1,215,163

1,763,813

1,601,394

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

941,237

2,028,737

Deferred

tax

£

Balance at 1 January 2025

2,028,737

Credit to Income Statement during year

(1,087,500

)

Balance at 31 December 2025

941,237

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

C D Patel

Balance outstanding at start of year

1,074,575

988,004

Amounts advanced

1,024,440

86,571

Amounts repaid

(9,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,090,015

1,074,575

11.	RELATED PARTY DISCLOSURES

Transactions with related parties

During the year the company entered into the following transactions with related parties:

31.12.25

31.12.24

£

£

Ciddy Limited - management fees payable

60,000

80,000

Ciddy Limited - interest receivable

173,521

194,762

Included under other debtors is an amount due from Ciddy Limited of £2,132,700 (2024 - £1,754,179)

C D Patel is a director and shareholder of Ciddy Limited.

12.	POST BALANCE SHEET EVENTS

The director was not aware of any events after the reporting date which would materially affect the financial

statements.