REGISTERED NUMBER: 03923675 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TIM FRY LANDROVERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T W Fry

Mrs L J Fry

SECRETARY:

Mr T W Fry

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

King Alfred Way

CHELTENHAM

Gloucestershire

GL52 6QP

REGISTERED NUMBER:

03923675 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

CURRENT ASSETS

Stocks

4

301,326

232,833

Debtors

5

11,760

14,729

Cash at bank and in hand

752

752

313,838

248,314

CREDITORS

Amounts falling due within one year

6

1,621,114

1,523,296

NET CURRENT LIABILITIES

(1,307,276

)

(1,274,982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,307,276

)

(1,274,982

)

CREDITORS

Amounts falling due after more than one year

7

3,333

13,333

NET LIABILITIES

(1,310,609

)

(1,288,315

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(1,310,611

)

(1,288,317

)

SHAREHOLDERS' FUNDS

(1,310,609

)

(1,288,315

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr T W Fry - Director

1.	STATUTORY INFORMATION

Tim Fry Landrovers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis on the understanding that the director, Mr T Fry, will continue to support the company by not seeking the repayment of the debt due to his soletrader business, or his loan as a director, in preference to other creditors. Mr T Fry will also continue to support the company in order for it to meet its liabilities as they fall due.

Turnover

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

Stocks

Stock of vehicles is valued at the lower of cost and net realisable value. The industry guide bottom trade price is used as the measure for net realisable value. In assessing net realisable value, due consideration is also given to the estimated cost in bringing a vehicle to a saleable condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.

STOCKS

31.1.25

31.1.24

£

£

Stocks

301,326

232,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,250

-

VAT

10,510

14,729

11,760

14,729

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 8)

269,573

250,355

Trade creditors

127,381

165,586

Social security and other taxes

986

755

Other creditors

5,801

3,677

Directors' current accounts

1,214,633

1,097,647

Accrued expenses

2,740

5,276

1,621,114

1,523,296

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 8)

3,333

13,333

8.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

259,573

240,355

Bank loans

10,000

10,000

269,573

250,355

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,333

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdrafts

259,573

240,355

Bank loans

13,333

23,333

272,906

263,688

The bank overdraft and bank loan are secured by way of personal guarantees given by Mr T Fry (Director).

The overdraft is secured by a legal charge, dated 15 September 2010 in favour of Lloyds TSB Bank PLC, over all fixed assets, properties, and investments.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

2

Ordinary

£1

2

2

11.	CONTROL RELATIONSHIPS

The ultimate controlling party is Mr T Fry by virtue of his shareholding.