Company No: 04317380 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investment property	4	817,400		817,400
Investments	5	900,000		900,000
		1,717,400		1,717,400
Current assets
Debtors	6	35,409		29,876
Cash at bank and in hand		8,416		3,277
		43,825		33,153
Creditors: amounts falling due within one year	7	( 3,976)		( 242,711)
Net current assets/(liabilities)		39,849		(209,558)
Total assets less current liabilities		1,757,249		1,507,842
Creditors: amounts falling due after more than one year	8	( 400,000)		( 400,000)
Net assets		1,357,249		1,107,842
Capital and reserves
Called-up share capital		980,000		980,000
Revaluation reserve		177,886		177,886
Profit and loss account		199,363		( 50,044 )
Total shareholder's funds		1,357,249		1,107,842

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Tin Pot Company Limited (registered number: 04317380) were approved and authorised for issue by the Director on 28 November 2025. They were signed on its behalf by:

R S Moss 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

The Tin Pot Company 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 Lockett Loveday Mcmahon, 4 Oxford Court, Manchester, M2 3WQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be reliably measured; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Vehicles

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

The director did not receive any remuneration during the year.

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 December 2023	2,500		2,500
At 30 November 2024	2,500		2,500
Accumulated depreciation
At 01 December 2023	2,500		2,500
At 30 November 2024	2,500		2,500
Net book value
At 30 November 2024	0		0
At 30 November 2023	0		0

4. Investment property

	Investment property
	£
Valuation
As at 01 December 2023	817,400
As at 30 November 2024	817,400

Valuation

Properties were not revalued in the year as the fair value was considered to be similar to the carrying value.

5. Fixed asset investments

	2024		2023
	£		£
Subsidiary undertakings	880,000		880,000
Participating interests	20,000		20,000
	900,000		900,000

Investments in subsidiaries

	2024
	£
Cost
At 01 December 2023	880,000
At 30 November 2024	880,000
Carrying value at 30 November 2024	880,000
Carrying value at 30 November 2023	880,000

	Investments in associates		Total
	£		£
Cost or valuation before impairment
At 01 December 2023	20,000		20,000
At 30 November 2024	20,000		20,000
Carrying value at 30 November 2024	20,000		20,000
Carrying value at 30 November 2023	20,000		20,000

6. Debtors

	2024		2023
	£		£
S455	0		4,891
Other debtors	35,409		24,985
	35,409		29,876

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	389		2,452
Taxation and social security	1,902		875
Other creditors	1,685		239,384
	3,976		242,711

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	400,000		400,000

Bank loans are secured against the property owned by the company, in favour of Together Commercial Finance Limited, The loan will be repaid by a bullet payment in 2032.

9. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Director loans	323		7,878

The loan is interest free and repayable on demand.

10. Events after the Balance Sheet date

Subsequent to the year end, a subsidiary company entered liquidation. The investment in the subsidiary (£880,000) may not be recoverable; management will assess the impact in the next financial period.