TROJAN ASSET LTD


Director	SHEPHERD, David Richard


Company Secretary	SHEPHERD, Doreen


Registered Address	1 Gemini Court
	42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	08150740 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		407,595		462,460
			407,595		462,460
Current assets
Debtors	4	337,151		317,261
Cash at bank and on hand		9,435		865
		346,586		318,126
Creditors amounts falling due within one year	5	(90,954)		(87,820)
Net current assets (liabilities)			255,632		230,306
Total assets less current liabilities			663,227		692,766
Creditors amounts falling due after one year	6		(33,278)		(61,900)
Provisions for liabilities	8		(165,203)		(167,895)
Net assets			464,746		462,971
Capital and reserves
Called up share capital			200		200
Revaluation reserve			457,013		457,013
Profit and loss account			7,533		5,758
Shareholders' funds			464,746		462,971

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 18 September 2025, and are signed on its behalf by:

SHEPHERD, David Richard
Director
Registered Company No. 08150740

TROJAN ASSET LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10
	Vehicles	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 January 24	920,662	113,371	1,034,033
At 31 December 24	920,662	113,371	1,034,033
Depreciation and impairment
At 01 January 24	515,663	55,910	571,573
Charge for year	40,500	14,365	54,865
At 31 December 24	556,163	70,275	626,438
Net book value
At 31 December 24	364,499	43,096	407,595
At 31 December 23	404,999	57,461	462,460

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	337,151	317,261
Total	337,151	317,261

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	1,347
Bank borrowings and overdrafts	9,573	9,573
Taxation and social security	59,754	56,304
Finance lease and HP contracts	19,283	18,406
Other creditors	2,344	2,190
Total	90,954	87,820

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	7,723	17,063
Other creditors	25,555	44,837
Total	33,278	61,900

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	44,838		63,244

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	165,203	167,895
Total	165,203	167,895

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
SHEPHERD, David Richard	64,000	0	64,000	0
	64,000	0	64,000	0