REGISTERED NUMBER: 05700198 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TPA PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I Tsoukkas

Mr S Tsoukkas

Mr G Tsoukkas

SECRETARY:

Mr S Achillea

REGISTERED OFFICE:

258 Norwood Road

London

SE27 9AJ

REGISTERED NUMBER:

05700198 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investment property

4

4,282,343

4,282,343

CURRENT ASSETS

Debtors

5

184,364

5,853

Investments

6

100

-

Cash at bank

36,119

208,601

220,583

214,454

CREDITORS

Amounts falling due within one year

7

222,423

210,456

NET CURRENT (LIABILITIES)/ASSETS

(1,840

)

3,998

TOTAL ASSETS LESS CURRENT LIABILITIES

4,280,503

4,286,341

CREDITORS

Amounts falling due after more than one year

8

(2,221,157

)

(2,268,396

)

PROVISIONS FOR LIABILITIES

(326,390

)

(299,090

)

NET ASSETS

1,732,956

1,718,855

CAPITAL AND RESERVES

Called up share capital

5

5

Fair value reserve

1,157,247

1,184,547

Retained earnings

575,704

534,303

SHAREHOLDERS' FUNDS

1,732,956

1,718,855

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.

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 27 November 2025 and were signed on its behalf by:

Mr I Tsoukkas - Director

1.	STATUTORY INFORMATION

TPA 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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

Turnover represents the value of rental income chargeable in respect of the company's investment properties. Turnover is recognised evenly over the period of the rental agreement.

Tangible fixed assets

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

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would no give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

and 28 February 2025

4,282,343

NET BOOK VALUE

At 28 February 2025

4,282,343

At 28 February 2024

4,282,343

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

4,282,343

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

2025

2024

£

£

Cost

2,637,201

2,637,201

Investment properties were valued on a fair value basis on 28 February 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

184,364

5,853

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

100

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,490

14,622

Taxation and social security

10,364

6,067

Other creditors

192,569

189,767

222,423

210,456

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,221,157

2,268,396

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years

1,968,337

1,971,717

Repayable by instalments

Bank loans due in more than 5 years by instalments

174,859

238,192

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,240,647

2,283,018

The directors have provided personal guarantees in respect of the bank loans.