ACCOUNTS - Final Accounts preparation

Registered number: 15586946

TRADITIONAL DEVELOPMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2025

TRADITIONAL DEVELOPMENTS LTD

CONTENTS

	Page
Accountants' Report	1
Balance Sheet	2 - 3
Notes to the Financial Statements	4 - 6

TRADITIONAL DEVELOPMENTS LTD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRADITIONAL DEVELOPMENTS LTD
FOR THE PERIOD ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Traditional Developments Ltd for the period ended 31 January 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Traditional Developments Ltd in accordance with the terms of our engagement letter dated 2 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Traditional Developments Ltd and state those matters that we have agreed to state to the director of Traditional Developments Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Traditional Developments Ltd and its director for our work or for this report.

It is your duty to ensure that Traditional Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Traditional Developments Ltd. You consider that Traditional Developments Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Traditional Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M + A Partners LLP

Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ

24 October 2025

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TRADITIONAL DEVELOPMENTS LTD

REGISTERED NUMBER: 15586946

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025
Note		£


Current assets
Stocks		267,235
Debtors: amounts falling due within one year	4	4,527
Cash at bank and in hand		4,738
		276,500
Creditors: amounts falling due within one year	5	(287,921)
Net current (liabilities)/assets			(11,421)
Total assets less current liabilities			(11,421)

Net (liabilities)/assets			(11,421)

Capital and reserves
Called up share capital	6	100
Profit and loss account		(11,521)
		(11,421)

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TRADITIONAL DEVELOPMENTS LTD

REGISTERED NUMBER: 15586946

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2025.

................................................

Mr S C Porter

Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

TRADITIONAL DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of trade is Thurton, Norwich.
The company was incorporated on 23 March 2024 and began trading on 31 July 2024.
The company's principal activity is that of construction of domestic buildings.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

TRADITIONAL DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

3.	Employees
	The average monthly number of employees, including directors, during the period was 1.

Debtors

					2025
					£


	Other debtors	4,527
		4,527

Page 5

TRADITIONAL DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

5.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	5,338
	Amounts owed to group undertakings	280,568
	Accruals and deferred income	2,015
		287,921

6.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary A shares of £1.00 each	100

7.	Controlling party

The company is a wholly owned subsidiary of Thurton Holdings Ltd, a company registered in England, which is under the ultimate control of the director, by virtue of their controlling shareholding. The address of the registered office is 7 The Close, Norwich, NR1 4DJ.

Page 6