REGISTERED NUMBER: 03178308 (England and Wales)

TALISMARD PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A E Stevens

T C Stevens

SECRETARY:

A E Stevens

REGISTERED OFFICE:

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

REGISTERED NUMBER:

03178308 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

66,976

45,837

Investment property

5

5,124,888

4,971,048

5,191,864

5,016,885

CURRENT ASSETS

Debtors

11,910

2,016

Cash at bank

30,724

182,708

42,634

184,724

CREDITORS

Amounts falling due within one year

86,573

92,553

NET CURRENT (LIABILITIES)/ASSETS

(43,939

)

92,171

TOTAL ASSETS LESS CURRENT LIABILITIES

5,147,925

5,109,056

CREDITORS

Amounts falling due after more than one year

6

(350,650

)

(330,454

)

PROVISIONS FOR LIABILITIES

(782,299

)

(782,299

)

NET ASSETS

4,014,976

3,996,303

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

4,004,976

3,986,303

SHAREHOLDERS' FUNDS

4,014,976

3,996,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement and an abridged Balance Sheet for the year ended 28 February 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 7 November 2025 and were signed on its behalf by:

A E Stevens - Director

1.	STATUTORY INFORMATION

Talismard Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the value of the consideration received or receivable, net of discounts, for the rental income received. Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer

Tangible fixed assets

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

Improvements to property

-

Straight line over 10 years

Fixtures & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

In accordance with the FRS 102, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on annual revaluation of such properties is transferred to the investment property revaluation reserve.

No depreciation is provided on freehold investment properties and this is considered to be a departure from the Companies Act 2006, that requires the systematic depreciation of any fixed asset that has a limited useful economic life. The directors consider that this policy is necessary in order that the Financial Statements may give a true and fair view because current values and changes in current values are of prime importance rather than the systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Acquisitions and disposals of freehold properties are respectively treated as additions and disposals in the accounting year in which the purchase/sales contracts are signed.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants on capital expenditure are credited to a deferral account and are released to revenue by equal annual amounts over the expected useful life of the asset to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 29 February 2024

173,548

Additions

46,564

Disposals

(27,434

)

At 28 February 2025

192,678

DEPRECIATION

At 29 February 2024

127,711

Charge for year

16,745

Eliminated on disposal

(18,754

)

At 28 February 2025

125,702

NET BOOK VALUE

At 28 February 2025

66,976

At 28 February 2024

45,837

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

4,971,048

Additions

153,840

At 28 February 2025

5,124,888

NET BOOK VALUE

At 28 February 2025

5,124,888

At 28 February 2024

4,971,048

Investment properties were valued by the directors by reference to the recent sales prices of similar properties on the open market. No depreciation is provided in respect of investment properties.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2016

3,730,000

Valuation in 2022

291,843

Valuation in 2023

278,172

Valuation in 2024

671,033

Valuation in 2025

153,840

5,124,888

If investment properties had not been revalued they would have been included at the following historical cost:

28/2/25

28/2/24

£

£

Cost

1,035,706

1,035,706

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

28/2/25

28/2/24

£

£

Repayable by instalments

Bank loans over five years

181,167

190,230

7.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

28/2/24

£

£

Bank loans

356,448

365,510