Company registration number 07778427 (England and Wales)
DERBY TERRACE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DERBY TERRACE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
DERBY TERRACE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Trade and other receivables
2
66,530
66,530
Cash and cash equivalents
1,524
1,524
68,054
68,054
Current liabilities
3
(125,845)
(125,036)
Net current liabilities
(57,791)
(56,982)
Provisions for liabilities
4
(47,332)
(33,020)
Net liabilities
(105,123)
(90,002)
Equity
Called up share capital
5
2
2
Retained earnings
(105,125)
(90,004)
Total equity
(105,123)
(90,002)
The notes on pages 2 to 3 form part of these financial statements.
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
G A Conway
Director
Company registration number 07778427 (England and Wales)
DERBY TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Derby Terrace Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Sterling House, Langston Road, Loughton, Essex, IG10 3TS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The preparation of financial statements in compliance with FRS102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies. The following principal accounting policies have been applied:
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Other receivables
66,530
66,530
3
Current liabilities
2025
2024
£
£
Amounts owed to joint venture partners
125,845
125,036
DERBY TERRACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
4
Provisions for liabilities
2025
2024
£
£
Remediation works provision
47,332
33,020
Movements on provisions:
Remediation works provision
£
At 1 April 2024
33,020
Additional provisions in the year
14,312
At 31 March 2025
47,332
Provision includes the estimates costs of remediation works on improving building safety on historic developments.
5
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
2 Ordinary shares of £1 each
2
2