TRP Properties Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 03889526

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		103		10,138

			103		10,138
CURRENT ASSETS
Debtors	5	75,187		73,448
Cash at bank and in hand		44,323		6,099

		119,510		79,547
Creditors: Amounts Falling Due Within One Year	6	(25,189 )		(18,088 )

NET CURRENT ASSETS (LIABILITIES)			94,321		61,459

TOTAL ASSETS LESS CURRENT LIABILITIES			94,424		71,597

NET ASSETS			94,424		71,597

CAPITAL AND RESERVES
Called up share capital	7		3		3
Profit and Loss Account			94,421		71,594

SHAREHOLDERS' FUNDS			94,424		71,597

For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss R M Potts

Director

4 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

TRP Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03889526 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Fixtures & Fittings	25% Reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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TRP Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2024	10,000	2,460	12,460
Disposals	(10,000 )	-	(10,000 )

As at 31 January 2025	-	2,460	2,460

Depreciation
As at 1 February 2024	-	2,322	2,322
Provided during the period	-	35	35

As at 31 January 2025	-	2,357	2,357

Net Book Value
As at 31 January 2025	-	103	103

As at 1 February 2024	10,000	138	10,138

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,739	-
Due after more than one year
M Potts loan	3,400	3,400
Romenbell Properties loan	70,048	70,048

	73,448	73,448

	75,187	73,448

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,808	69
Corporation tax	5,412	50
Other creditors	3,300	3,300
Director's loan account	14,669	14,669

	25,189	18,088

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

8. Related Party Transactions

At the balance sheet date, the company owed the directors £14,669 (2024:£14,669). The amount is unsecured, interest free, with no fixed repayment date.

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