REGISTERED NUMBER: 05692376 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

TEES VALLEY FINANCIAL SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

Directors:

J G Carver

C N Carver

A J Swalwell

Secretary:

C N Carver

Registered office:

20 St. Cuthberts Way

Darlington

Co. Durham

DL1 1GB

Registered number:

05692376 (England and Wales)

Accountants:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

Fixed assets

Tangible assets

4

2,374

2,744

Investments

5

40,800

44,500

43,174

47,244

Current assets

Debtors

108,424

74,101

Cash at bank

482,712

442,520

591,136

516,621

Creditors

Amounts falling due within one year

380,687

290,822

Net current assets

210,449

225,799

Total assets less current liabilities

253,623

273,043

Creditors

Amounts falling due after more than one year

-

(20,025

)

Provisions for liabilities

(11,363

)

(11,612

)

Net assets

242,260

241,406

Capital and reserves

Called up share capital

100

100

Fair value reserve

6

29,988

32,708

Retained earnings

212,172

208,598

Shareholders' funds

242,260

241,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 May 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 21 October 2025 and were signed on its behalf by:

J G Carver - Director

C N Carver - Director

1.	STATUTORY INFORMATION

Tees Valley Financial Services 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.

The financial statements are prepared under the going concern basis of accounting.

Turnover

Turnover is recognised at the fair value of the commission received or receivable in respect of services provided in the normal course of business.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

10,233

Additions

1,821

At 31 May 2025

12,054

DEPRECIATION

At 1 June 2024

7,489

Charge for year

2,191

At 31 May 2025

9,680

NET BOOK VALUE

At 31 May 2025

2,374

At 31 May 2024

2,744

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 June 2024

44,500

Revaluations

(3,700

)

At 31 May 2025

40,800

NET BOOK VALUE

At 31 May 2025

40,800

At 31 May 2024

44,500

Cost or valuation at 31 May 2025 is represented by:

Totals

£

Valuation in 2020

31,700

Valuation in 2021

27,550

Valuation in 2022

(8,250

)

Valuation in 2023

(15,700

)

Valuation in 2024

9,200

Valuation in 2025

(3,700

)

40,800

6.

RESERVES

Fair

value

reserve

£

At 1 June 2024

32,708

Revaluation of listed

investments

(3,701

)

Deferred tax on revaluation

of listed investments

981

At 31 May 2025

29,988

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tees Valley Financial Services Limited for the year ended 31 May 2025 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Tees Valley Financial Services Limited, as a body, in accordance with the terms of our engagement letter dated 17 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Tees Valley Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Tees Valley Financial Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tees Valley Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tees Valley Financial Services Limited. You consider that Tees Valley Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tees Valley Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

21 October 2025