Tropila Enterprises Limited
Annual Report and Unaudited Financial Statements
For the year ended 31 December 2024
Pages for filing with registrar
Company Registration No. 06779119 (England and Wales)
Tropila Enterprises Limited
Company Information
Director
Mr N Bray
Company number
06779119
Registered office
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Tropila Enterprises Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Tropila Enterprises Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
525,000
475,000
Provisions for liabilities
(23,407)
(13,907)
Net assets
501,593
461,093
Capital and reserves
Called up share capital
4
1,000
1,000
Revaluation reserve
500,593
460,093
Total equity
501,593
461,093
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 August 2025
Mr N Bray
Director
Company Registration No. 06779119
Tropila Enterprises Limited
Statement of Changes in Equity
For the year ended 31 December 2024
Page 2
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2023
1,000
460,093
461,093
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
-
Balance at 31 December 2023
1,000
460,093
461,093
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
40,500
40,500
Revaluation transferred to reserve
-
50,000
(50,000)
-
Deferred tax transferred to reserve
-
(9,500)
9,500
-
Balance at 31 December 2024
1,000
500,593
501,593
Tropila Enterprises Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information
Tropila Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of 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 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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the director hatrues a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2023: 0).
3
Investment property
2024
£
Fair value
At 1 January 2024
475,000
Revaluations
50,000
At 31 December 2024
525,000
The investment property was historically valued at £330,000 on acquisition in December 2010.
Tropila Enterprises Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000