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REGISTERED NUMBER: NI016311 (Northern Ireland)

TURNBULL DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

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 |

TURNBULL DEVELOPMENTS LIMITED

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTOR: | Mrs R T Scott

| SECRETARY: | Mrs R T Scott

| REGISTERED OFFICE: | 6 Seapark Mews

| HOLYWOOD

| BT18 0HZ

| REGISTERED NUMBER: | NI016311 (Northern Ireland)

| ACCOUNTANTS: | Jones

| Chartered Accountants

| 4 Comber Street

| Saintfield

| BALLYNAHINCH

| BT24 7AZ

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

BALANCE SHEET

31 March 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Investment property | 4 | 100,000 |  | 100,000 |  |

CURRENT ASSETS

Debtors | 5 | 590 |  | 349 |  |

Cash at bank | 17,205 |  | 15,571 |  |

17,795 |  | 15,920 |  |

CREDITORS

Amounts falling due within one year | 6 | (5,375 | ) | (5,726 | ) |

NET CURRENT ASSETS | 12,420 |  | 10,194 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 112,420 |  | 110,194 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 4 |  | 4 |  |

Revaluation reserve | (110,470 | ) | (110,470 | ) |

Retained earnings | 222,886 |  | 220,660 |  |

SHAREHOLDERS' FUNDS | 112,420 |  | 110,194 |  |

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

BALANCE SHEET - continued

31 March 2025

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 her 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.

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 5 September 2025 and were signed by:

Mrs R T Scott - Director

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Turnbull Developments Limited is a private company, limited by shares , registered in Northern Ireland. 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

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| 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 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.

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial instruments

| Cash and cash equivalents

| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

| Short-term debtors and creditors

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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 | 100,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 100,000 |  |

| At 31 March 2024 | 100,000 |  |

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

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Cost |  | 210,470 |  | 210,470 |  |

| The investment property was revalued on an open market basis in April 2021 by Tim Martin Estate Agents and Valuers. The director believes there is no material change in this valuation at the balance sheet date.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Other debtors | 590 |  | 349 |  |

TURNBULL DEVELOPMENTS LIMITED (REGISTERED NUMBER: NI016311)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade creditors | 174 |  | 175 |  |

| Taxation and social security | 1,226 |  | 1,102 |  |

| Other creditors | 3,975 |  | 4,449 |  |

5,375 |  | 5,726 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 4 | Ordinary | £1 | 4 |  | 4 |  |

8. | CAPITAL COMMITMENTS

2025 | 2024 |

| £ | £

| Contracted but not provided for in the

| financial statements | - |  | - |  |

9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| An amount of £2,574 is owed to the director at the year end (2024- £3,144). No interest is payable and the balance is repayable on demand. The amount owed is included within other creditors.