Registration number: 02033128

Tyne Mills Motor Company Limited

(Registration number: 02033128)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	5	835,000	835,000
Current assets
Debtors	6	8,438	7,400
Cash at bank and in hand		283,701	243,840
		292,139	251,240
Creditors: Amounts falling due within one year	7	(112,197)	(87,231)
Net current assets		179,942	164,009
Net assets		1,014,942	999,009
Capital and reserves
Called up share capital		200,000	200,000
Other reserves		407,608	407,608
Retained earnings		407,334	391,401
Shareholders' funds		1,014,942	999,009

Tyne Mills Motor Company Limited

(Registration number: 02033128)
Statement of Financial Position as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 23 October 2026
 

......................................... Mr J R Woods Company secretary and director

Tyne Mills Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Tyne Mills Industrial Estate
Hexham
Northumberland
Newcastle Upon Tyne
NE46 1XL

These financial statements were authorised for issue by the director on 23 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below:

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from the rental of premises, stated net of value added tax

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tyne Mills Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% straight line
Fixtures and fittings	15% straight line
Computer equipment	33% straight line

Investment property

Investment property is initially recorded 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.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as wither financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

Tyne Mills Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	70,909	116,845	27,865	215,619
Disposals	(70,909)	(116,845)	(27,865)	(215,619)
At 31 January 2026	-	-	-	-
Depreciation
At 1 February 2025	70,909	116,845	27,865	215,619
Eliminated on disposal	(70,909)	(116,845)	(27,865)	(215,619)
At 31 January 2026	-	-	-	-
Carrying amount
At 31 January 2026	-	-	-	-

5	Investment properties

	2026 £
At 1 February	835,000
At 31 January	835,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2026 £	2025 £
Trade debtors	6,588	5,550
Other debtors	1,850	1,850
	8,438	7,400

Current	2026 £	2025 £
Trade debtors	6,588	5,550
Other debtors	1,850	1,850
	8,438	7,400

Tyne Mills Motor Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	1,856	1,856
Taxation and social security	13,428	11,850
Accruals and deferred income	3,012	2,984
Other creditors	93,901	70,541
	112,197	87,231