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REGISTERED NUMBER: 02021247 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

TERRAFIRMA DESIGNS LIMITED

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERRAFIRMA DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: T G Brightmore
Mrs M J Brightmore





REGISTERED OFFICE: Fishpond House
Beechwood Lane
Cooksbridge
East Sussex
BN7 3QG





REGISTERED NUMBER: 02021247 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,674 29,942
Investments 5 40,430 40,430
Investment property 6 2,496,000 2,496,000
2,559,104 2,566,372

CURRENT ASSETS
Debtors 7 9,404 9,527
Cash at bank and in hand 187,164 180,111
196,568 189,638
CREDITORS
Amounts falling due within one year 8 45,530 33,424
NET CURRENT ASSETS 151,038 156,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,710,142

2,722,586

PROVISIONS FOR LIABILITIES 9 115,269 117,116
NET ASSETS 2,594,873 2,605,470

CAPITAL AND RESERVES
Called up share capital 800 800
Revaluation reserve 10 458,085 458,085
Retained earnings 2,135,988 2,146,585
SHAREHOLDERS' FUNDS 2,594,873 2,605,470

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

BALANCE SHEET - continued
31ST MARCH 2025


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 13th May 2025 and were signed on its behalf by:





T G Brightmore - Director


TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Terrafirma Designs 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.

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
The directors have determined the value of the investment property now that it has been re-classified from a trading development in progress.

Turnover
Turnover comprises property and project management fees receivable, excluding VAT, and are recognised when the company has a contractual right to consideration.

Rents receivable from the company's investment property are now shown as turnover (previously other operating income).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
The investment property is shown at the company's net realisable value of the current net market value to an investor based on the investment yields for commercial property and market values for residential property.

The valuation surplus on the reclassification to investment property has been recognised as a taxable development profit in the profit and loss account.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
Taxation for the year comprises current corporation 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 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.

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2024
and 31st March 2025 3,175 7,165 34,780 8,590 53,710
DEPRECIATION
At 1st April 2024 1,898 4,697 9,342 7,831 23,768
Charge for year 192 370 6,360 346 7,268
At 31st March 2025 2,090 5,067 15,702 8,177 31,036
NET BOOK VALUE
At 31st March 2025 1,085 2,098 19,078 413 22,674
At 31st March 2024 1,277 2,468 25,438 759 29,942

5. FIXED ASSET INVESTMENTS
Interest
Interest in other
in joint participating Unlisted
venture interests investments Totals
£    £    £    £   
COST
At 1st April 2024
and 31st March 2025 250 34,000 6,180 40,430
NET BOOK VALUE
At 31st March 2025 250 34,000 6,180 40,430
At 31st March 2024 250 34,000 6,180 40,430

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. FIXED ASSET INVESTMENTS - continued

Elm Court (Seaford) Ltd
Registered office: United Kingdom
Nature of business: Property development
%
Class of shares: holding
B Ordinary 25.00
2025 2024
£    £   
Aggregate capital and reserves (17,424 ) (14,821 )
Loss for the year (2,603 ) (2,632 )

The unlisted investment comprises land at cost.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 2,496,000
NET BOOK VALUE
At 31st March 2025 2,496,000
At 31st March 2024 2,496,000

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2025 438,398
Cost 2,057,602
2,496,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 2,057,602 2,057,602

Commercial investment property was valued on a net investment yield basis on 31st March 2025 by the Managing Director .

Residential investment properties were valued on a market value basis on 31st March 2025 by the Managing Director.

TERRAFIRMA DESIGNS LIMITED (REGISTERED NUMBER: 02021247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 9,404 9,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 24,076 12,128
Other creditors 21,454 21,296
45,530 33,424

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Other timing differences 115,269 117,116

Deferred
tax
£   
Balance at 1st April 2024 117,116
Credit to Income Statement during year (1,847 )
Balance at 31st March 2025 115,269

10. RESERVES
Revaluation
reserve
£   
At 1st April 2024
and 31st March 2025 458,085