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Registered number: 01281309
Taunton Land Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Brunel Chartered Certified Accountants
3 Marco Polo House
Cook Way
Taunton
Somerset
TA2 6BJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01281309
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,668 706
Investment Properties 5 21,260,000 24,715,000
Investments 6 120,038 120,038
21,381,706 24,835,744
CURRENT ASSETS
Debtors 7 431,219 465,056
Cash at bank and in hand 125,814 41,462
557,033 506,518
Creditors: Amounts Falling Due Within One Year 8 (2,248,802 ) (1,679,630 )
NET CURRENT ASSETS (LIABILITIES) (1,691,769 ) (1,173,112 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,689,937 23,662,632
Creditors: Amounts Falling Due After More Than One Year 9 (9,262,500 ) (10,462,500 )
NET ASSETS 10,427,437 13,200,132
CAPITAL AND RESERVES
Called up share capital 10 546,593 546,593
Share premium account 34,332 34,332
Capital redemption reserve 12,915 12,915
Profit and Loss Account 9,833,597 12,606,292
SHAREHOLDERS' FUNDS 10,427,437 13,200,132
Page 1
Page 2
For the year ending 30 April 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Sloman
Director
12 October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Taunton Land Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01281309 . The registered office is 3 Marco Polo House Cook Way, Taunton, Somerset, TA2 6BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 6)
6 6
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 May 2025 11,345
Additions 1,257
As at 30 April 2026 12,602
Depreciation
As at 1 May 2025 10,639
Provided during the period 295
As at 30 April 2026 10,934
Net Book Value
As at 30 April 2026 1,668
As at 1 May 2025 706
5. Investment Property
2026
£
Fair Value
As at 1 May 2025 24,715,000
Additions 98,321
Disposals (500,000 )
Revaluations (3,053,321)
As at 30 April 2026 21,260,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2026 2025
£ £
Cost 34,224,897 34,625,688
Fair value at 30 April 2026 is represented by: 
  • Valuation as at 2026   £21,260,000
  • Re-valuation in 2026  (£3,053,321)
  • Re-valuation in 2025  (£888,017)
  • Re-valuation in 2024  (£1,629,718)
  • Re-valuation in 2023   £862,035
  • Re-valuation in 2022  (£404,433)
  • Re-valuation in 2021  (£3,259,937)
  • Re-valuation in 2020  (£1,429,912)
  • Re-valuation in 2019  (£3,161,594)
  • Cost                           £34,224,897
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Page 5
The freehold investment property portfolio comprises of multiple properties, some of which were revalued during the year by MRICS qualified valuers on a rolling 3 year cycle. The remainder were revalued by directors who consider the carried forward values to be fair. 
6. Investments
Unlisted
£
Cost or Valuation
As at 1 May 2025 120,038
As at 30 April 2026 120,038
Provision
As at 1 May 2025 -
As at 30 April 2026 -
Net Book Value
As at 30 April 2026 120,038
As at 1 May 2025 120,038
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 79,571 101,179
Other debtors 351,648 363,877
431,219 465,056
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 103,154 179,822
Bank loans and overdrafts 1,200,000 555,998
Amounts owed to group undertakings 120,000 120,000
Other creditors 665,474 711,496
Taxation and social security 160,174 112,314
2,248,802 1,679,630
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 9,262,500 10,462,500
10. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 546,593 546,593
Page 5