REGISTERED NUMBER: 04562246 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

TOCIO PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T E Wood

SECRETARY:

Mrs S J Wood

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

04562246 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Investments

4

100

100

CURRENT ASSETS

Stocks

263,595

-

Debtors

5

635,401

686,477

Cash at bank

10,079

287

909,075

686,764

CREDITORS

Amounts falling due within one year

6

826,881

620,984

NET CURRENT ASSETS

82,194

65,780

TOTAL ASSETS LESS CURRENT LIABILITIES

82,294

65,880

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

82,292

65,878

SHAREHOLDERS' FUNDS

82,294

65,880

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th September 2025 and were signed by:

T E Wood - Director

1.	STATUTORY INFORMATION

Tocio Projects 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

100

NET BOOK VALUE

At 31st December 2024

100

At 31st December 2023

100

The investment of £100 represents 100 Ordinary shares in Warnford Calf Shed Ltd being 50% of the issued share capital. The company is creating a development of residential properties on the outskirts of Warnford in Hampshire.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

499,399

500,149

Other debtors

136,002

186,328

635,401

686,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

1,242

Taxation and social security

3,908

8,241

Other creditors

822,973

611,501

826,881

620,984

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

T E Wood

Balance outstanding at start of year

385,502

757,166

Amounts advanced

208,671

2,636

Amounts repaid

(159,200

)

(374,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

434,973

385,502

8.	RELATED PARTY DISCLOSURES

As at 31st December 2024 the company had loaned Warnford Calf Shed Limited £499,399 (2023: £500,149). This interest free loan is repayable on demand. The company owns 50% of the shares in Warnford Calf Shed Limited.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Wood jointly.