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REGISTERED NUMBER: 13882655 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TORBAY COMMERCIALS LTD

TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TORBAY COMMERCIALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: Mr J J Denning



REGISTERED OFFICE: Unit 3 Woodiers House
Long Road
Paignton
Devon
TQ4 7BL



REGISTERED NUMBER: 13882655 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Butler Place
1 Legg Street
Chelmsford
Essex
CM1 1JS

TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,591 3,492

CURRENT ASSETS
Stocks 5 393,600 416,060
Debtors 6 5,604 13,345
Cash at bank 77,722 42,551
476,926 471,956
CREDITORS
Amounts falling due within one year 7 199,516 213,899
NET CURRENT ASSETS 277,410 258,057
TOTAL ASSETS LESS CURRENT LIABILITIES 280,001 261,549

CREDITORS
Amounts falling due after more than one
year

8

(40,000

)

-

PROVISIONS FOR LIABILITIES (492 ) (1,196 )
NET ASSETS 239,509 260,353

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 239,508 260,352
SHAREHOLDERS' FUNDS 239,509 260,353

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 director acknowledges his 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.

TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

BALANCE SHEET - 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





Mr J J Denning - Director


TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

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


1. STATUTORY INFORMATION

Torbay Commercials 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.

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

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 - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 3,770 1,672 5,442
DEPRECIATION
At 1 April 2024 1,357 593 1,950
Charge for year 483 418 901
At 31 March 2025 1,840 1,011 2,851
NET BOOK VALUE
At 31 March 2025 1,930 661 2,591
At 31 March 2024 2,413 1,079 3,492

5. STOCKS
2025 2024
£    £   
Stocks 393,600 416,060

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 5,000
Other debtors - 3,500
Tax 416 -
Prepayments 5,188 4,845
5,604 13,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax - 26,953
Social security and other taxes 434 434
VAT 7,259 8,960
Directors' current accounts 185,843 175,215
Accrued expenses 5,980 2,337
199,516 213,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 40,000 -

TORBAY COMMERCIALS LTD (REGISTERED NUMBER: 13882655)

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


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr J J Denning
Balance outstanding at start of year (175,215 ) (180,628 )
Amounts advanced 57,774 60,691
Amounts repaid (68,402 ) (55,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (185,843 ) (175,215 )

Loans are interest free, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,400 (2024 - £19,500) were paid to the director .