TALI HOMES LIMITED


Directors	LUKE, Hannah Emily
	LUKE, Liam Nathan


Registered Address	15 Riverside Studios Amethyst Road
	Newcastle Business Park
	Newcastle Upon Tyne
	NE4 7YL


Registered Number	14136749 (England and Wales)

Statement of Financial Position
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		678,779		680,832
			678,779		680,832
Current assets
Cash at bank and on hand		7,416		5,868
		7,416		5,868
Creditors amounts falling due within one year		(105)		(99)
Net current assets (liabilities)			7,311		5,769
Total assets less current liabilities			686,090		686,601
Creditors amounts falling due after one year			(609,791)		(611,968)
Net assets			76,299		74,633
Capital and reserves
Called up share capital			2		2
Profit and loss account			76,297		74,631
Shareholders' funds			76,299		74,633

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2026, and are signed on its behalf by:

LUKE, Liam Nathan
Director
Registered Company No. 14136749

TALI HOMES LIMITED

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Prior period adjustment
	During the year, it was identified that the fair value gain arising on the Company's investment property in the prior period had been incorrectly recognised directly within a revaluation reserve rather than being recognised in profit or loss in accordance with FRS 102 Section 16. The prior period financial statements have therefore been restated to correct this error. The adjustment has no impact on the Company's total equity or net assets and does not affect the carrying value of the investment property. The adjustment results in a decrease in the revaluation reserve of £100,681.48 and a corresponding increase in retained earnings.

Prior period adjustment

During the year, it was identified that the fair value gain arising on the Company's investment property in the prior period had been incorrectly recognised directly within a revaluation reserve rather than being recognised in profit or loss in accordance with FRS 102 Section 16.

The prior period financial statements have therefore been restated to correct this error. The adjustment has no impact on the Company's total equity or net assets and does not affect the carrying value of the investment property. The adjustment results in a decrease in the revaluation reserve of £100,681.48 and a corresponding increase in retained earnings.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 June 25	686,229
	Additions	957
	At 31 May 26	687,186
	Depreciation and impairment
	At 01 June 25	5,397
	Charge for year	3,010
	At 31 May 26	8,408
	Net book value
	At 31 May 26	678,779
	At 31 May 25	680,832