TTI PROPERTY GROUP LTD


Director	JOSEPH-AZUNYILIKE, Chukwunweike


Registered Address	7 St. Petersgate
	Stockport
	SK1 1EB


Registered Number	14770876 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		825,000		756,037
			825,000		756,037
Current assets
Debtors		35,540		23,562
Cash at bank and on hand		-		4,386
		35,540		27,948
Creditors amounts falling due within one year	6	(372,292)		(364,395)
Net current assets (liabilities)			(336,752)		(336,447)
Total assets less current liabilities			488,248		419,590
Creditors amounts falling due after one year	7		(602,117)		(472,462)
Net assets			(113,869)		(52,872)
Capital and reserves
Called up share capital			20		20
Profit and loss account			(113,889)		(52,892)
Shareholders' funds			(113,869)		(52,872)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 October 2026, and are signed on its behalf by:

JOSEPH-AZUNYILIKE, Chukwunweike
Director
Registered Company No. 14770876

TTI PROPERTY GROUP LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention, modified to include investment property at fair value, and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The director has confirmed that he will continue to provide financial support to the company. The company’s bank borrowings are secured on its property and the lender has given no indication that the facilities will be withdrawn. The director expects rental income from the company’s property to cover the company’s ongoing costs now that the refurbishment works have been completed. On this basis, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and the financial statements have therefore been prepared on the going concern basis.

Going concern

The director has confirmed that he will continue to provide financial support to the company. The company’s bank borrowings are secured on its property and the lender has given no indication that the facilities will be withdrawn. The director expects rental income from the company’s property to cover the company’s ongoing costs now that the refurbishment works have been completed.

On this basis, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and the financial statements have therefore been prepared on the going concern basis.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Deferred tax
	A deferred tax liability of £846 (2024: £nil) arises on the fair value gain on investment property. Deferred tax has been calculated at 25% (2024: 25%), being the rate substantively enacted at the balance sheet date and expected to apply when the timing differences reverse. The deferred tax liability has been fully offset by a deferred tax asset in respect of unused tax losses, and accordingly no net deferred tax balance has been recognised. A further deferred tax asset of approximately £26,781 (2024: £13,223) in respect of unused tax losses of £107,125 (2024: £52,891) has not been recognised, as there is insufficient certainty over the timing of future taxable profits against which they could be utilised.

Deferred tax

A deferred tax liability of £846 (2024: £nil) arises on the fair value gain on investment property. Deferred tax has been calculated at 25% (2024: 25%), being the rate substantively enacted at the balance sheet date and expected to apply when the timing differences reverse.
The deferred tax liability has been fully offset by a deferred tax asset in respect of unused tax losses, and accordingly no net deferred tax balance has been recognised. A further deferred tax asset of approximately £26,781 (2024: £13,223) in respect of unused tax losses of £107,125 (2024: £52,891) has not been recognised, as there is insufficient certainty over the timing of future taxable profits against which they could be utilised.

4.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 April 24	756,037	756,037
Additions	65,581	65,581
Revaluations	3,382	3,382
At 31 March 25	825,000	825,000
Net book value
At 31 March 25	825,000	825,000
At 31 March 24	756,037	756,037

5.	Revaluation of property, plant and equipment
	The investment property was valued at £825,000 on 31/3/2025 by VAS Panel Limited, an independent valuer, on an open market basis in accordance with the RICS Valuation Standards. The director considers that this valuation reflects the fair value of the property at 31 March 2025. The historical cost of the property is £821,618 (2024: £756,037).

		2025		2024
		£		£
	Land and buildings	825,000		756,037

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	182,926	182,926
Bank borrowings and overdrafts	7,946	-
Amounts owed to related parties	179,200	179,849
Accrued liabilities and deferred income	2,220	1,620
Total	372,292	364,395

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	533,317	472,462
Amounts owed to related parties	68,800	-
Total	602,117	472,462


	Bank borrowings of £541,263 (2024: £472,462) are secured by a legal charge over the company’s investment property.