IRIS Accounts Production v25.1.4.42 03943145 Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039431452024-03-31039431452025-03-31039431452024-04-012025-03-31039431452023-03-31039431452023-04-012024-03-31039431452024-03-3103943145ns15:EnglandWales2024-04-012025-03-3103943145ns14:PoundSterling2024-04-012025-03-3103943145ns10:Director12024-04-012025-03-3103943145ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103943145ns10:SmallEntities2024-04-012025-03-3103943145ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103943145ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103943145ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103943145ns10:FullAccounts2024-04-012025-03-3103943145ns10:OrdinaryShareClass12024-04-012025-03-3103943145ns10:Director22024-04-012025-03-3103943145ns10:CompanySecretary12024-04-012025-03-3103943145ns10:RegisteredOffice2024-04-012025-03-3103943145ns5:CurrentFinancialInstruments2025-03-3103943145ns5:CurrentFinancialInstruments2024-03-3103943145ns5:ShareCapital2025-03-3103943145ns5:ShareCapital2024-03-3103943145ns5:FurtherSpecificReserve3ComponentTotalEquity2025-03-3103943145ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3103943145ns5:RetainedEarningsAccumulatedLosses2025-03-3103943145ns5:RetainedEarningsAccumulatedLosses2024-03-3103943145ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103943145ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103943145ns10:OrdinaryShareClass12025-03-3103943145ns5:RetainedEarningsAccumulatedLosses2024-03-3103943145ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3103943145ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 03943145 (England and Wales)















TOLCHER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






TOLCHER LTD (REGISTERED NUMBER: 03943145)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TOLCHER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: N W E Gorst
Mrs E M Gorst





SECRETARY: Mrs E M Gorst





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 03943145 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

TOLCHER LTD (REGISTERED NUMBER: 03943145)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 654,945 654,945

CURRENT ASSETS
Debtors 5 1,041 579
Cash at bank 80,398 77,546
81,439 78,125
CREDITORS
Amounts falling due within one year 6 37,437 40,349
NET CURRENT ASSETS 44,002 37,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,947

692,721

PROVISIONS FOR LIABILITIES 76,167 76,167
NET ASSETS 622,780 616,554

CAPITAL AND RESERVES
Called up share capital 7 1 1
Non-distributable reserve 8 413,995 413,995
Retained earnings 8 208,784 202,558
SHAREHOLDERS' FUNDS 622,780 616,554

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

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

TOLCHER LTD (REGISTERED NUMBER: 03943145)

STATEMENT OF FINANCIAL POSITION - continued
31 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





N W E Gorst - Director


TOLCHER LTD (REGISTERED NUMBER: 03943145)

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

1. STATUTORY INFORMATION

Tolcher Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 April 2024
and 31 March 2025 654,945
NET BOOK VALUE
At 31 March 2025 654,945
At 31 March 2024 654,945

TOLCHER LTD (REGISTERED NUMBER: 03943145)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2018 275,237
Valuation in 2019 (30,000 )
Valuation in 2021 30,000
Valuation in 2022 114,925
Valuation in 2023 100,000
Cost 164,783
654,945

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

2025 2024
£    £   
Cost 164,783 164,783

Investment properties were valued on an open market basis on 25 August 2023 by N W E Gorst (Director) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 165 -
Prepayments and accrued income 876 579
1,041 579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 460
Tax 307 -
Directors' current accounts 28,184 31,428
Accruals and deferred income 7,946 7,461
Security deposits 1,000 1,000
37,437 40,349

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1

TOLCHER LTD (REGISTERED NUMBER: 03943145)

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

8. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 April 2024 202,558 413,995 616,553
Profit for the year 6,226 6,226
At 31 March 2025 208,784 413,995 622,779

9. RELATED PARTY DISCLOSURES

N W E Gorst is also a director of Tregenna Properties (St Ives) Ltd, Brightwells Ltd, Bids Estates Ltd, Brightwells Holdings Ltd and Brightwells Employee Ownership Trustee Ltd. Tolcher Ltd has not traded with any of those concerns during the year.