Registration number: 10008899

Tower Hill Developments Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Tower Hill Developments Ltd

(Registration number: 10008899)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,932	4,046
Current assets
Debtors	5	90,169	87,169
Cash at bank and in hand		3,057	12,266
		93,226	99,435
Creditors: Amounts falling due within one year	6	(3,712)	(5,237)
Net current assets		89,514	94,198
Net assets		92,446	98,244
Capital and reserves
Called up share capital		100	100
Retained earnings		92,346	98,144
Shareholders' funds		92,446	98,244

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2025
 

......................................... A G Keevil Director

Tower Hill Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower Hill Barn
Mill Lane
Beckington
Frome
Somerset
BA11 6SN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost
Furniture, fixtures and fittings	25% reducing balance
Plant and machinery	25% reducing balance

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.

Tower Hill Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Tower Hill Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	1,309	8,595	1,119	11,023
At 28 February 2025	1,309	8,595	1,119	11,023
Depreciation
At 1 March 2024	1,025	4,970	982	6,977
Charge for the year	71	906	137	1,114
At 28 February 2025	1,096	5,876	1,119	8,091
Carrying amount
At 28 February 2025	213	2,719	-	2,932
At 29 February 2024	284	3,625	137	4,046

5

Debtors

	2025 £	2024 £
Other debtors	87,169	87,169
Prepayments	3,000	-
	90,169	87,169

Tower Hill Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors

Amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	630	1,194
Other creditors	3,082	4,043
	3,712	5,237

7	Related party transactions

At the Balance Sheet date the company was owed £87,169 (2024: £87,169) by a company in which the director and shareholder owns a controlling share.