REGISTERED NUMBER: 13907298 (England and Wales)

Tiptoe Retreat Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

TAJ Carroll

LHM Carroll

RCM Carroll

REGISTERED OFFICE:

The Farm Office

Tiptoe Farm

Cornhill-on-Tweed

Northumberland

TD12 4XD

REGISTERED NUMBER:

13907298 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tiptoe Retreat Ltd for the year ended 31 March 2026 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tiptoe Retreat Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tiptoe Retreat Ltd and state those matters that we have agreed to state to the Board of Directors of Tiptoe Retreat Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiptoe Retreat Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tiptoe Retreat 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 loss of Tiptoe Retreat Ltd. You consider that Tiptoe Retreat Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tiptoe Retreat Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

25 September 2026

FIXED ASSETS

Tangible assets

4

520,249

535,922

CURRENT ASSETS

Debtors

5

14,185

23,772

Cash at bank

28,939

8,467

43,124

32,239

CREDITORS

Amounts falling due within one year

6

111,410

97,723

NET CURRENT LIABILITIES

(68,286

)

(65,484

)

TOTAL ASSETS LESS CURRENT LIABILITIES

451,963

470,438

CREDITORS

Amounts falling due after more than one year

7

521,285

521,285

NET LIABILITIES

(69,322

)

(50,847

)

CAPITAL AND RESERVES

Allotted, issued and fully

paid up share capital

100

100

Retained earnings

(69,422

)

(50,947

)

(69,322

)

(50,847

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2026 and were signed on its behalf by:

TAJ Carroll - Director

RCM Carroll - Director

1.	STATUTORY INFORMATION

Tiptoe Retreat 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.

Going concern

The directors are aware that the company has net liabilities and net current liabilities as these are the early years of activity. The company relies on the support of its lenders including the directors' related businesses which have agreed that they will not withdraw their loans to the detriment of other creditors.

The directors have reviewed forecasts exceeding 12 months from the date of signing these accounts and are confident that the business will trade profitably in future. They have therefore confirmed that the going concern basis is appropriate.

Turnover

Turnover represents holiday let income, stated net of discounts, rebates, value added tax and other sales taxes. Holiday let income is recognised when the occupant begins their stay.

Tangible fixed assets

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

Improvements to property

-

15% on cost and 2% on cost

Plant and machinery

-

25% on reducing balance, 15% on reducing balance, 10% on cost and 4% on cost

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2025 - 1 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2025

364,380

136,733

43,793

544,906

Additions

4,873

7,205

-

12,078

At 31 March 2026

369,253

143,938

43,793

556,984

DEPRECIATION

At 1 April 2025

2,553

4,131

2,300

8,984

Charge for year

7,798

13,391

6,562

27,751

At 31 March 2026

10,351

17,522

8,862

36,735

NET BOOK VALUE

At 31 March 2026

358,902

126,416

34,931

520,249

At 31 March 2025

361,827

132,602

41,493

535,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

324

6,818

Prepayments

1,605

-

Directors' current accounts

-

371

VAT

-

5,366

Deferred tax asset

12,256

11,117

Called up share capital not paid

-

100

14,185

23,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

33,108

54,446

Trade creditors

942

11,546

VAT

7,094

-

Directors' current accounts

15,529

5,000

Accruals and deferred income

54,737

26,731

111,410

97,723

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans more than 5 yrs -

non-instalments

521,285

521,285

521,285

521,285

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 yrs -

non-instalments

521,285

521,285

521,285

521,285

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

521,285

521,285

The bank loan is secured against land and property at Tiptoe Estate, owned by the directors in their farming partnership.

9.	DEFERRED TAX

£

Balance at 1 April 2025

(11,117

)

Credit to Statement of Income and Retained Earnings during year

(1,139

)

Balance at 31 March 2026

(12,256

)

10.	RELATED PARTY DISCLOSURES

The company has received a loan from a company of which two of the directors are also directors and shareholders. The loan is interest free and unsecured with no repayment terms agreed. This business has a loan balance of £27,988 (2025 - £30,000) outstanding at the end of the period.

The company has received a loan from a partnership in which two of the directors are also partners. The loan was interest free and unsecured with no repayment terms agreed. This business has a loan balance of £5,120 (2025 - £144) outstanding at the end of the period. The company leased property from the partnership for £13,200 (2025 - £4,400). Included in trade debtors is a balance of £Nil (2025 - £522). Included in trade creditors is a balance of £Nil (2025 - £4,385).

In the prior year, the company purchased the trade and assets of a partnership of which two of the directors were also partners. The balance of consideration for the purchase was loaned to the company. This loan was interest free and unsecured with no repayment terms agreed. This loan has a balance of £Nil (2025 - £24,302) outstanding at the end of the period.

These loan balances are disclosed as other loans in the accounts.