REGISTERED NUMBER: 11059984 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Teslin Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Keating

G Keating

SECRETARY:

G Keating

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

11059984 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Investment property

4

1,452,532

942,231

CURRENT ASSETS

Debtors

2,733

3,749

Cash at bank

157,614

8,791

160,347

12,540

CREDITORS

Amounts falling due within one year

673,120

321,239

NET CURRENT LIABILITIES

(512,773

)

(308,699

)

TOTAL ASSETS LESS CURRENT LIABILITIES

939,759

633,532

CREDITORS

Amounts falling due after more than one year

(875,101

)

(562,948

)

PROVISIONS FOR LIABILITIES

(21,747

)

(21,747

)

NET ASSETS

42,911

48,837

CAPITAL AND RESERVES

Called up share capital

6

10

10

Retained earnings

42,901

48,827

SHAREHOLDERS' FUNDS

42,911

48,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2026 and were signed on its behalf by:

G Keating - Director

1.	STATUTORY INFORMATION

Teslin Limited 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

The company has net current liabilities at 30 November 2025 of £512,773 (2024: £308,699). This includes an amount due to the directors and shareholders of £636,283 (2024: 319,918). The directors have confirmed that the company will continue to be provided with financial support by the directors. Furthermore, the directors and shareholders have confirmed that they will not draw upon their loans until there is sufficient working capital. The directors envisage, therefore, that the company shall continue to trade as a going concern for the period of at least one year and one day from the balance sheet date. In light of this support, the financial statements have been prepared on a going concern basis.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount, and to provide for any further liabilities which might arise.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

942,231

Additions

510,301

At 30 November 2025

1,452,532

NET BOOK VALUE

At 30 November 2025

1,452,532

At 30 November 2024

942,231

The directors have considered the valuation of the investment property held by Teslin Limited and it was determined that no fair value adjustment was required.

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Mortgage < 1 year

31,873

-

Mortgage

875,101

562,948

906,974

562,948

The value of the mortgage is secured as follows:

1) Flat 4, 27 Arklow Road, London, SE14 6AZ by way of a legal charge registered at Companies House in favour of Onesavings Bank PLC (charge number: 1105 9984 000) dated 26th March 2018.

2) Apartment 11, City North West Tower, 9 Goodwin Street, London, N4 3HQ by way of a legal charge registered at Companies House in favour of Mt Finance Limited (charge number: 1105 9984 0003) dated 1st December 2020.

3) 11 Burdell Avenue, Headington, Oxford, OX3 8EE by way of a legal charge registered at Companies House in favour of The Mortgage Lender Limited (charge number: 1105 9984 0005) dated 25th September 2025.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

2

Ordinary A

1

2

2

8

Ordinary B

1

8

8

10

10

The A shares carry one vote per share with the B shares having no voting rights. All shares rank pari pasu for any distribution on winding up and are entitled to dividends as determined by ordinary resolutions passed by the Directors.