1 October 2024 v2026.37.1 limited_company_frs_102_section_1a_v1_1_4 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP109498162024-10-012025-09-30109498162025-09-30109498162024-09-3010949816core:WithinOneYear2025-09-3010949816core:WithinOneYear2024-09-3010949816core:AfterOneYear2025-09-3010949816core:AfterOneYear2024-09-3010949816core:ShareCapital2025-09-3010949816core:ShareCapital2024-09-3010949816core:OtherReservesSubtotal2025-09-3010949816core:OtherReservesSubtotal2024-09-3010949816core:RetainedEarningsAccumulatedLosses2025-09-3010949816core:RetainedEarningsAccumulatedLosses2024-09-3010949816bus:Director12024-10-012025-09-3010949816bus:RegisteredOffice2024-10-012025-09-3010949816core:PlantMachinery2024-10-012025-09-3010949816core:MotorVehicles2024-10-012025-09-30109498162023-10-012024-09-3010949816core:LandBuildings2024-10-0110949816core:PlantMachinery2024-10-01109498162024-10-0110949816core:LandBuildings2024-10-012025-09-3010949816core:LandBuildings2025-09-3010949816core:PlantMachinery2025-09-3010949816core:LandBuildings2024-09-3010949816core:PlantMachinery2024-09-30109498162023-10-011094981612024-10-012025-09-3010949816countries:EnglandWales2024-10-012025-09-3010949816bus:AuditExemptWithAccountantsReport2024-10-012025-09-3010949816bus:PrivateLimitedCompanyLtd2024-10-012025-09-3010949816bus:SmallEntities2024-10-012025-09-3010949816bus:FullAccounts2024-10-012025-09-30
Company registration number:
10949816
Tees View Developments Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2025
Tees View Developments Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Tees View Developments Ltd
Year ended
30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Tees View Developments Ltd
for the year ended
30 September 2025
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Tees View Developments Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Tees View Developments Ltd
and state those matters that I have agreed to state to the Board of Directors of
Tees View Developments Ltd
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Tees View Developments Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Tees View Developments Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Tees View Developments Ltd
. You consider that
Tees View Developments Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Tees View Developments Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Benson Wood Ltd
Unit 21 Belasis Court
Belasis Hall Technology Park
Billingham
TS23 4AZ
United Kingdom
Date:
24 September 2026
Tees View Developments Ltd
Statement of Financial Position
30 September 2025
20252024
as restated
Note££
Fixed assets    
Tangible assets 5
4,640,021
 
3,091,689
 
Current assets    
Debtors 6
107,271
 
102,651
 
Cash at bank and in hand
279,756
 
53,521
 
387,027
 
156,172
 
Creditors: amounts falling due within one year 7
(1,262,528
 )
(1,279,679
 )
Net current liabilities
(875,501
 )
(1,123,507
 )
Total assets less current liabilities 3,764,520   1,968,182  
Creditors: amounts falling due after more than one year 8
(2,523,939
 )
(1,449,261
 )
Provisions for liabilities
(388,840
 )
(202,485
 )
Net assets
851,741
 
316,436
 
Capital and reserves    
Called up share capital
100
 
100
 
Other reserves
1,166,522
 
607,454
 
Profit and loss account
(314,881
 )
(291,118
 )
Shareholders funds
851,741
 
316,436
 
For the year ending
30 September 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 September 2026
, and are signed on behalf of the board by:
Mr J Davison
Director
Company registration number:
10949816
Tees View Developments Ltd
Notes to the Financial Statements
Year ended
30 September 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Tees View
,
Worsall Road
,
Yarm
,
TS15 9EF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2023. Details of how FRS 102 has affected the reported financial position and financial performance is given in the transition to FRS 102 note.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 October 2024
as restated
3,090,000
 
2,179
 
3,092,179
 
Additions
754,577
 
58,234
 
812,811
 
Revaluations
745,423
  -  
745,423
 
At
30 September 2025
4,590,000
 
60,413
 
4,650,413
 
Depreciation      
At
1 October 2024
 -  
490
 
490
 
Charge -  
9,902
 
9,902
 
At
30 September 2025
 -  
10,392
 
10,392
 
Carrying amount      
At
30 September 2025
4,590,000
 
50,021
 
4,640,021
 
At 30 September 2024
3,090,000
 
1,689
 
3,091,689
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Carrying amount at
1 October 2024
3,090,000
 
Additions
754,577
 
Fair value adjustments
745,423
 
Carrying amount at
30 September 2025
4,590,000
 

6 Debtors

20252024
as restated
££
Other debtors
107,271
 
102,651
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
10,142
 
19,629
 
Taxation and social security
6,052
 
6,594
 
Other creditors
1,246,334
 
1,253,456
 
1,262,528
 
1,279,679
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
2,491,439
 
1,449,261
 
Other creditors
32,500
  -  
2,523,939
 
1,449,261
 

9 Fair value reserve

Included within other reserves is the fair value reserve as follows:
20252024
££
At start of year (restated) 607,454   -  
Reclassification from fair reserve to profit and loss account 559,068   607,454  
At end of year 1,166,522   607,454  

10 Directors' advances, credit and guarantees

At the balance sheet date there was a loan repayable to director 1 totalling £1,240,116 (2024: £1,251,556). The loan is unsecured, repayable on demand and on an interest free basis.

11 Transition to FRS 102

These are the first financial statements that comply with FRS 102 Section 1A. The company transitioned to FRS 102 on 1 October 2023.
This has affected the previously reported financial position as follows:
At 1 October 2023At 30 September 2024
££
Reconciliation of equity    
Capital and reserves (as previously stated) (354,320 ) (390,796 )
Fair value adjustment of investment properties -   809,939  
Deferred tax on fair value adjustment -   (202,485 )
Deferred tax asset on losses b/fwd -   99,778  
Capital and reserves (restated)
(354,320
 )
316,436