TTCA Ltd - Filleted accounts

TTCA Ltd
Registered number:		04377065
Statement of Financial Position
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		452,535			457,273

Current assets
Debtors	4	201,645			252,184
Cash at bank and in hand		2,436,856			2,277,070
		2,638,501			2,529,254

Creditors: amounts falling due within one year	5	(312,305)			(288,084)

Net current assets			2,326,196			2,241,170

Total assets less current liabilities			2,778,731			2,698,443


Provisions for liabilities			(17,544)			(18,705)


Net assets			2,761,187			2,679,738

Capital and reserves
Called up share capital			100			100
Fair value reserve	6		166,057			166,057
Profit and loss account			2,595,030			2,513,581

Shareholders' funds			2,761,187			2,679,738

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr T McManners
Director
Approved by the board on 15 September 2025

TTCA Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	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 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

	Investment property
	Investment property is included at fair value. Changes in fair value are recognised in the Statement of Changes in Equity. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					33		31


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 March 2024			425,000		131,198		556,198
	Additions			-		4,881		4,881
	Disposals			-		(1,585)		(1,585)
	At 28 February 2025			425,000		134,494		559,494

	Depreciation
	At 1 March 2024			-		98,925		98,925
	Charge for the year			-		9,210		9,210
	On disposals			-		(1,176)		(1,176)
	At 28 February 2025			-		106,959		106,959

	Net book value
	At 28 February 2025			425,000		27,535		452,535
	At 29 February 2024			425,000		32,273		457,273


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					248,142		248,142
						248,142		248,142



4	Debtors					2025		2024
£							£

	Trade debtors					120,558		161,714
	Prepayments					18,266		23,844
	Accrued income					51,942		49,550
	Other debtors					10,879		17,076
						201,645		252,184


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					9,875		8,628
	Accruals					24,243		22,882
	Corporation tax					86,999		94,094
	Other taxes and social security costs					144,224		121,486
	Other creditors					46,964		40,994
						312,305		288,084


6	Fair value reserve					2025		2024
£							£

	At 1 March 2024					166,057		197,558
	Deferred taxation arising on the revaluation of land and buildings					-		(31,501)

	At 28 February 2025					166,057		166,057


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr T McManners
	Repayable on demand	7,252		8,141		(7,252)		8,141

		7,252		8,141		(7,252)		8,141


8	Other information

	TTCA Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY