Silverfin false false 31/05/2024 01/06/2023 31/05/2024 K Trott 01/04/2021 R Trott 17/01/2020 04 November 2024 The principal activity of the Company during the financial year was that of a holding company. 12410799 2024-05-31 12410799 bus:Director1 2024-05-31 12410799 bus:Director2 2024-05-31 12410799 2023-05-31 12410799 core:CurrentFinancialInstruments 2024-05-31 12410799 core:CurrentFinancialInstruments 2023-05-31 12410799 core:ShareCapital 2024-05-31 12410799 core:ShareCapital 2023-05-31 12410799 core:RetainedEarningsAccumulatedLosses 2024-05-31 12410799 core:RetainedEarningsAccumulatedLosses 2023-05-31 12410799 2023-06-01 2024-05-31 12410799 bus:FilletedAccounts 2023-06-01 2024-05-31 12410799 bus:SmallEntities 2023-06-01 2024-05-31 12410799 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12410799 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12410799 bus:Director1 2023-06-01 2024-05-31 12410799 bus:Director2 2023-06-01 2024-05-31 12410799 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 12410799 (England and Wales)

TROTTCO LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

TROTTCO LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

TROTTCO LIMITED

BALANCE SHEET

As at 31 May 2024
TROTTCO LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
2024 2023
£ £
Fixed assets
Investments 1,148,554 1,148,554
1,148,554 1,148,554
Current assets
Debtors 3 756,165 728,640
Cash at bank and in hand 2,301 4,103
758,466 732,743
Creditors: amounts falling due within one year 4 ( 549,485) ( 571,819)
Net current assets 208,981 160,924
Total assets less current liabilities 1,357,535 1,309,478
Net assets 1,357,535 1,309,478
Capital and reserves
Called-up share capital 15,000 15,000
Profit and loss account 1,342,535 1,294,478
Total shareholders' funds 1,357,535 1,309,478

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trottco Limited (registered number: 12410799) were approved and authorised for issue by the Board of Directors on 04 November 2024. They were signed on its behalf by:

R Trott
Director
TROTTCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
TROTTCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
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

Trottco 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 Haywards Lane, Chelston, Wellington, TA21 9FD, 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 £.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Trade and other creditors

Other creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 756,165 728,640

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 549,485 571,819

5. Related party transactions

Other related party transactions

R & K Building Limited is a company under common control and ownership. At the year end the company was owed £502,000 (2023 - £502,000) from R & K Building Limited.

Bramleys Property Investments Limited is a company under common control and ownership. At the year end the company was owed £176,534 (2023 - £160,624) from Bramleys Property Investments Limited.

Mayfield Property Investments Limited is a company under common control and ownership. At the year end the company was owed £77,631 (2023 - £66,016) from Mayfield Property Investments Limited.