REGISTERED NUMBER: 02120921 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Trott Developments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P C Trott

SECRETARY:

Mrs G S Trott

REGISTERED OFFICE:

37 Mousehold Lane

Norwich

Norfolk

NR7 8HL

REGISTERED NUMBER:

02120921 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

4

246

877

Investment property

5

595,000

595,000

595,246

595,877

CURRENT ASSETS

Debtors

6

17,100

3,800

Cash at bank

147,120

148,926

164,220

152,726

CREDITORS

Amounts falling due within one year

7

8,429

5,965

NET CURRENT ASSETS

155,791

146,761

TOTAL ASSETS LESS CURRENT LIABILITIES

751,037

742,638

PROVISIONS FOR LIABILITIES

8

81,046

81,046

NET ASSETS

669,991

661,592

CAPITAL AND RESERVES

Called up share capital

9

2

2

Fair value reserve

10

326,181

326,181

Retained earnings

343,808

335,409

SHAREHOLDERS' FUNDS

669,991

661,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

P C Trott - Director

1.	STATUTORY INFORMATION

Trott Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

When the outcome of a transaction can be estimated reliably, turnover from management and maintenance services is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is carried at fair value determined annually by the director or based on professional valuations where undertaken in the year. No depreciation is provided. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and recorded in the non-distributable fair value reserve.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are payable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

4,932

1,773

6,705

DEPRECIATION

At 1 January 2024

4,892

936

5,828

Charge for year

40

591

631

At 31 December 2024

4,932

1,527

6,459

NET BOOK VALUE

At 31 December 2024

-

246

246

At 31 December 2023

40

837

877

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

595,000

NET BOOK VALUE

At 31 December 2024

595,000

At 31 December 2023

595,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2001

230,000

Valuation in 2003

50,000

Valuation in 2005

80,000

Valuation in 2014

(175,000

)

Valuation in 2021

222,227

Cost

187,773

595,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

187,773

187,773

Investment properties were valued on an open market basis on 31 December 2024 by the director, P C Trott .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

17,100

3,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,068

1,805

Taxation and social security

2,797

722

Other creditors

3,564

3,438

8,429

5,965

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Revalued investment property

81,046

81,046

Deferred

tax

£

Balance at 1 January 2024

81,046

Balance at 31 December 2024

81,046

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

326,181