T & T A Park Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00841553

T & T A Park Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

T & T A Park Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

T & T A Park Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		981,927		933,938

Current assets

Stocks		4,720	5,850
Debtors	7	5,512	18,037
Cash at bank and in hand		725	725
		--------	--------
		10,957	24,612

Creditors: amounts falling due within one year	8	231,824		249,464
		----------		----------
Net current liabilities			220,867		224,852
			----------		----------
Total assets less current liabilities			761,060		709,086

Creditors: amounts falling due after more than one year	9		115,510		106,771

Provisions	84,534	72,179
	----------	----------
Net assets	561,016	530,136
	----------	----------

Capital and reserves

Called up share capital	57,000	57,000
Share premium account	167,000	167,000
Revaluation reserve	168,160	168,160
Profit and loss account	168,856	137,976
	----------	----------
Shareholders funds	561,016	530,136
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

T & T A Park Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 19 October 2025 , and are signed on behalf of the board by:

Mr R A Park

Director

Company registration number: 00841553

T & T A Park Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chipchase Farm, Sutton Road, Wigginton, York, North Yorkshire, YO32 2RB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The Financial Statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The Financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreement.

(d) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(e) Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to the expense over the lease term, on a straight-line basis.

(f) Tangible assets held at valuation

Tangible assets held at valuation are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets held at valuation carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	10% reducing balance
Motor vehicles	-	25% reducing balance

Bank loans are secured on land and property owned by the company.

(h) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(i) Stocks

Stocks are measured 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 the stock to its present location and condition.

(j) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(k) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(l) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets,financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(m) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	1,208	2,249

Deferred tax:

Origination and reversal of timing differences	12,355	2,728
	--------	-------
Tax on profit	13,563	4,977
	--------	-------

6. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost/Valuation
At 1 May 2024	725,454	264,610	227,746	1,217,810
Additions	–	30,824	64,000	94,824
Disposals	–	( 34,400)	( 26,000)	( 60,400)
	----------	----------	----------	-------------
At 30 April 2025	725,454	261,034	265,746	1,252,234
	----------	----------	----------	-------------
Depreciation
At 1 May 2024	6,568	121,766	155,538	283,872
Charge for the year	1,432	16,019	12,284	29,735
Disposals	–	( 20,944)	( 22,356)	( 43,300)
	----------	----------	----------	-------------
At 30 April 2025	8,000	116,841	145,466	270,307
	----------	----------	----------	-------------
Carrying amount
At 30 April 2025	717,454	144,193	120,280	981,927
	----------	----------	----------	-------------
At 30 April 2024	718,886	142,844	72,208	933,938
	----------	----------	----------	-------------

Tangible assets held at valuation

The Investment Properties included within Fixed Assets at £373,000 (2024 £373,000) were valued in April 2025 by the directors who have experience in the location and category of the investment properties being valued.

7. Debtors

	2025	2024
	£	£
Trade debtors	5,512	18,037
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	155,074	174,882
Trade creditors	2,932	5,755
Corporation tax	1,208	2,249
Social security and other taxes	4,233	3,033
Directors loan accounts	34,844	39,777
Other creditors	33,533	23,768
	----------	----------
	231,824	249,464
	----------	----------

Included within creditors is a bank loan which is secured on land and property owned by the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	77,552	91,330
Other creditors	37,958	15,441
	----------	----------
	115,510	106,771
	----------	----------

Included within creditors is a bank loan which is secured on land and property owned by the company.

10. Related party transactions

Two of the Directors had loan accounts with the company throughout the year. At the year end date the total amount owed to those two directors was £ 34,844 (2024 - £39,777). The loan accounts remained in credit throughout the year. The loans are repayable upon demand. No interest was charged on the loans during the year.