REGISTERED NUMBER: 03000822 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2026

for

Textphase Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F J Windmill-Jones

SECRETARY:

A Holliday

REGISTERED OFFICE:

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

REGISTERED NUMBER:

03000822 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Property, plant and equipment

4

487

830

Investment property

5

1,214,790

1,059,790

1,215,277

1,060,620

CURRENT ASSETS

Debtors

6

3,329

4,527

Prepayments and accrued income

2,970

8,143

Cash at bank

76,952

92,827

83,251

105,497

CREDITORS

Amounts falling due within one year

7

43,475

36,504

NET CURRENT ASSETS

39,776

68,993

TOTAL ASSETS LESS CURRENT LIABILITIES

1,255,053

1,129,613

PROVISIONS FOR LIABILITIES

(38,750

)

-

ACCRUALS AND DEFERRED INCOME

(2,722

)

(3,017

)

NET ASSETS

1,213,581

1,126,596

CAPITAL AND RESERVES

Called up share capital

8

2

2

Revaluation reserve

9

175,790

59,540

Retained earnings

1,037,789

1,067,054

SHAREHOLDERS' FUNDS

1,213,581

1,126,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 October 2026 and were signed by:

F J Windmill-Jones - Director

1.	STATUTORY INFORMATION

Textphase 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

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

25% per annum straight line

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.

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.

Exceptional items

Exceptional items are material transactions within the ordinary activities of the company which are not expected to occur regularly.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 31 March 2025

and 30 March 2026

2,542

DEPRECIATION

At 31 March 2025

1,712

Charge for year

343

At 30 March 2026

2,055

NET BOOK VALUE

At 30 March 2026

487

At 30 March 2025

830

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2025

1,059,790

Revaluations

155,000

At 30 March 2026

1,214,790

NET BOOK VALUE

At 30 March 2026

1,214,790

At 30 March 2025

1,059,790

Fair value at 30 March 2026 is represented by:

£

Valuation in 2007

(39,734

)

Valuation in 2008

1,000

Valuation in 2012

(46,000

)

Valuation in 2018

(170,460

)

Valuation in 2021

165,000

Valuation in 2023

3,507

Valuation in 2026

155,000

Cost

1,146,477

1,214,790

The investment property was revalued in September 2026 by FHP Property Consultants. The director considers this valuation still represents the fair value of the property at 30 March 2026.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,329

3,919

Other debtors

-

608

3,329

4,527

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,835

6,289

Taxation and social security

16,635

19,757

Other creditors

23,005

10,458

43,475

36,504

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary shares

£1

2

2

9.

RESERVES

Revaluation

reserve

£

At 31 March 2025

59,540

Revaluation

116,250

At 30 March 2026

175,790

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2026 and 30 March 2025:

2026

2025

£

£

F J Windmill-Jones

Balance outstanding at start of year

608

42,250

Amounts advanced

10,392

17,358

Amounts repaid

(30,085

)

(59,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,085

)

608

Interest has been paid on the amount borrowed at the official rate of interest of 2.25% per annum.