Company Registration No. 10569288 (England and Wales)
Tolcarn Property Ltd
Unaudited accounts
for the year ended 31 January 2025
Tolcarn Property Ltd
Unaudited accounts
Contents
Tolcarn Property Ltd
Company Information
for the year ended 31 January 2025
Director
CARR, Nigel James
Company Number
10569288 (England and Wales)
Registered Office
Unit 3 47 Knightsdale Road
Ipswich
IP1 4JJ
United Kingdom
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Tolcarn Property Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
22,946
27,717
Investment property
915,929
915,929
Cash at bank and in hand
48,754
7,589
Creditors: amounts falling due within one year
(267,269)
(179,520)
Net current liabilities
(197,729)
(155,288)
Total assets less current liabilities
741,146
788,358
Creditors: amounts falling due after more than one year
(10,902)
(20,957)
Provisions for liabilities
Deferred tax
(175,360)
(176,266)
Net assets
554,884
591,135
Called up share capital
100
100
Profit and loss account
554,784
591,035
Shareholders' funds
554,884
591,135
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2025 and were signed on its behalf by
CARR, Nigel James
Director
Company Registration No. 10569288
Tolcarn Property Ltd
Notes to the Accounts
for the year ended 31 January 2025
Tolcarn Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10569288. The registered office is Unit 3 47 Knightsdale Road, Ipswich, IP1 4JJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance
Motor vehicles
25% - Reducing Balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tolcarn Property Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2024
7,970
28,165
36,135
At 31 January 2025
10,437
28,165
38,602
At 1 February 2024
1,328
7,090
8,418
Charge for the year
1,969
5,269
7,238
At 31 January 2025
3,297
12,359
15,656
At 31 January 2025
7,140
15,806
22,946
At 31 January 2024
6,642
21,075
27,717
Fair value at 1 February 2024
915,929
At 31 January 2025
915,929
Amounts falling due within one year
Other debtors
10,001
10,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,710
10,710
Loans from directors
256,559
168,810
8
Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
CTS (East) Limited
(A related party by virtue of it having a common controlling party)
Trade Debtor - 2025 - £8,732
Tolcarn Property Ltd
Notes to the Accounts
for the year ended 31 January 2025
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).