REGISTERED NUMBER: 13352860 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Tepa Property Investment Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

760,000

760,000

CURRENT ASSETS

Debtors

5

33,130

32,144

Cash at bank

17,029

14,049

50,159

46,193

CREDITORS

Amounts falling due within one year

6

377,509

319,506

NET CURRENT LIABILITIES

(327,350

)

(273,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

432,650

486,687

CREDITORS

Amounts falling due after more than one year

7

(309,825

)

(351,506

)

PROVISIONS FOR LIABILITIES

(26,920

)

(27,685

)

NET ASSETS

95,905

107,496

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

114,762

118,025

Retained earnings

(18,957

)

(10,629

)

SHAREHOLDERS' FUNDS

95,905

107,496

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 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 18 September 2026 and were signed on its behalf by:

Mr Teunis Pasterkamp - Director

1.	STATUTORY INFORMATION

Tepa Property Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13352860

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

760,000

Additions

4,029

Revaluations

(4,029

)

At 31 December 2025

760,000

NET BOOK VALUE

At 31 December 2025

760,000

At 31 December 2024

760,000

Investment property situated at Flat 7, 3-15 Northumberland Avenue Blackpool, FY2 9SB and 10 Townsend Street Birkenhead Merseyside CH41 7BL is under a charge from Castle Trust Capital PLC. The charge was created on 7th April 2022.

Investment property situated at 98 King Street, New Brighton, CH44 8AN is under a charge from Castle Trust Capital PLC. The charge was created on 8th April 2022.

Cost or valuation at 31 December 2025 is represented by:

£

Valuation in 2023

(4,290

)

Valuation in 2024

145,710

Valuation in 2024

4,290

Valuation in 2025

(4,029

)

Cost

618,319

760,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

33,130

32,144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Taxation and social security

176

497

Other creditors

377,333

319,009

377,509

319,506

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

309,825

309,825

Other creditors

-

41,681

309,825

351,506

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

309,825

309,825

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

309,825

309,825

The loan amounting to £122,400 is secured by the way of charge on the property situated at Flat 7, 3-15 Northumberland Avenue, Blackpool, FY2 9SB and 10 Townsend Street, Birkenhead Merseyside, CH41 7BL (disclosed as investment property). The charge was created in the name of Castle Trust Capital PLC on 7th April 2022.

The loan amounting to £187,425 is secured by the way of charge on the property situated at 98 King Street, New Brighton, CH44 8AN (disclosed as investment property). The charge was created in the name of on Castle Trust Capital PLC on 8th April 2022.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

value

reserve

£

At 1 January 2025

118,025

Transfer to\from reserves

(3,263

)

At 31 December 2025

114,762

11.	RELATED PARTY DISCLOSURES

The company owes £303,509 (2024: £296,443) to its director, Mr Teunis Pasterkamp as at accounting year end date.

The company owes £686 (2024: £470) to its director, Mrs Elisabeth Geertje Oost as at accounting year end date.

The company was owed £3,100 (2024: £3,100) from Tepa Group Holding Ltd, a company registered in United Kingdom (Company registered number: 13591316) as at accounting year end. Mr Teunis Pasterkamp and Mrs Elisabeth Geertje Oost are also directors and shareholders of this company holding 50% each in this company.

The company was owed £27,275 (2024: £27,375) from Heel Real Estate Ltd, a company registered in United Kingdom (Company registered number: 15015715) as at accounting year end. Mr Teunis Pasterkamp is also a director of this company.