REGISTERED NUMBER: 08614026 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TONESHOUSE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T Hadjimichael

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

08614026 (England and Wales)

ACCOUNTANTS:

AC Partners LLP

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

20,419

27,225

Investments

5

100

200

Investment property

6

3,050,000

3,050,000

3,070,519

3,077,425

CURRENT ASSETS

Debtors

7

287,810

186,989

Cash at bank

860,336

427,022

1,148,146

614,011

CREDITORS

Amounts falling due within one year

8

78,799

115,768

NET CURRENT ASSETS

1,069,347

498,243

TOTAL ASSETS LESS CURRENT LIABILITIES

4,139,866

3,575,668

CREDITORS

Amounts falling due after more than one year

9

(824,061

)

(824,061

)

PROVISIONS FOR LIABILITIES

(374,950

)

(374,950

)

NET ASSETS

2,940,855

2,376,657

CAPITAL AND RESERVES

Called up share capital

101

101

Non-distributable reserve

1,124,850

1,124,850

Retained earnings

1,815,904

1,251,706

SHAREHOLDERS' FUNDS

2,940,855

2,376,657

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 director acknowledges his 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 director and authorised for issue on 29 September 2026 and were signed by:

Mr T Hadjimichael - Director

1.	STATUTORY INFORMATION

Toneshouse 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.

The financial statements comprise the results of Toneshouse Ltd only. Consolidated financial statements have not been prepared under the exemption from preparing group financial statements available to small groups in the Companies Act 2006.

TURNOVER

Turnover represents rental income receivable.

TANGIBLE FIXED ASSETS

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

Motor vehicles

-

25% on reducing balance.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FIXED ASSET INVESTMENTS

The investment represents shareholding in Stonehouse Properties UK Limited.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

27,225

DEPRECIATION

Charge for year

6,806

At 31 March 2026

6,806

NET BOOK VALUE

At 31 March 2026

20,419

At 31 March 2025

27,225

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

200

Disposals

(100

)

At 31 March 2026

100

NET BOOK VALUE

At 31 March 2026

100

At 31 March 2025

200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

3,050,000

NET BOOK VALUE

At 31 March 2026

3,050,000

At 31 March 2025

3,050,000

7.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

89,890

113,345

Other debtors

122,843

18,583

212,733

131,928

Amounts falling due after more than one year:

Other debtors

75,077

55,061

Aggregate amounts

287,810

186,989

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed to group undertakings

-

20,431

Taxation and social security

33,769

49,857

Other creditors

45,030

45,480

78,799

115,768

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

824,061

824,061

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

824,061

824,061

10.	ULTIMATE CONTROLLING PARTY

Ultimate control of the company is exercised by the director, Mr T Hadjimichael.