Company No: 02025546 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Alexandra Thomsen
	Christian George Aaberg Thomsen

SECRETARY

Alexandra Thomsen

REGISTERED OFFICE	The Old Maltings
	High Street
	Olney
	MK46 4BE
	United Kingdom

COMPANY NUMBER

02025546 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Eagle House
	28 Billing Road
	Northampton
	NN1 5AJ

BANKERS	Barclays Bank
	High Street
	Bedford
	MK40 1NJ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	25,287		29,371
		25,287		29,371
Current assets
Debtors	6	530,877		655,261
Cash at bank and in hand	7	383,901		319,212
		914,778		974,473
Creditors: amounts falling due within one year	8	( 307,537)		( 371,726)
Net current assets		607,241		602,747
Total assets less current liabilities		632,528		632,118
Provision for liabilities	9, 10	( 6,357)		( 7,342)
Net assets		626,171		624,776
Capital and reserves
Called-up share capital	12	30,000		30,000
Profit and loss account		596,171		594,776
Total shareholders' funds		626,171		624,776

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Templecoombe Limited (registered number: 02025546) were approved and authorised for issue by the Board of Directors on 11 November 2025. They were signed on its behalf by:

Alexandra Thomsen Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Templecoombe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Maltings, High Street, Olney, MK46 4BE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

15 - 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Derivative financial instruments
The company uses forward foreign currency contracts to reduce exposure to foreign exchange rates. Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative.

The fair value of the forward currency contracts is calculated by reference to current forward exchange contracts with similar maturity profiles.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		8

4. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Interim	62,000		80,000

5. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 July 2024	42,434		42,434
Additions	1,098		1,098
Disposals	( 468)		( 468)
At 30 June 2025	43,064		43,064
Accumulated depreciation
At 01 July 2024	13,063		13,063
Charge for the financial year	5,182		5,182
Disposals	( 468)		( 468)
At 30 June 2025	17,777		17,777
Net book value
At 30 June 2025	25,287		25,287
At 30 June 2024	29,371		29,371

6. Debtors

	2025		2024
	£		£
Trade debtors	89,142		197,388
Amounts owed by directors	70,000		70,000
Prepayments	4,894		4,032
Corporation tax	20,466		20,466
Other debtors	346,375		363,375
	530,877		655,261

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	383,901		319,212

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		14,631
Trade creditors	162,625		203,278
Accruals	18,906		22,861
Corporation tax	21,618		31,962
Other taxation and social security	52,862		55,336
Other creditors	51,526		43,658
	307,537		371,726

9. Provision for liabilities

	2025		2024
	£		£
Deferred tax	6,357		7,342

10. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 7,342)		( 1,849)
Credited/(charged) to the Profit and Loss Account	985		( 5,493)
At the end of financial year	( 6,357)		( 7,342)

11. Derivative financial instruments

Nature and extent of instruments:
The company uses forward foreign exchange contracts to mitigate exchange rate exposure arising from forecast purchases in Euros and other currencies.

Valuation models and techniques:
The forward currency contracts are measured at fair value, which is determined using valuation techniques that utilise observable inputs. The key assumptions used in valuing the derivatives are the forward exchange rates for GBP:EUR.

At the year end the company was committed to purchasing at €78,800 at a rate of €1.16:£1.00 (2024: €137,450 at a rate of €1.17:£1.00)

12. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30,000 Class 1A ordinary shares of £ 1.00 each	30,000		30,000

13. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance outstanding at start of year	70,000		70,000
Balance outstanding at end of year	70,000		70,000

The amounts outstanding at the year end are repayable on demand. Interest is charged at a rate of 2.5% per annum.