Torrbeg Properties Limited - Filleted accounts

Registered number

NI662033

Torrbeg Properties Limited

Filleted Accounts

30 June 2025

Torrbeg Properties Limited
Registered number:		NI662033
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,088,400			2,133,800
Investments	4		172,039			168,499
			2,260,439			2,302,299

Current assets
Debtors	5	35,931			3,484
Cash at bank and in hand		175,819			227,667
		211,750			231,151

Creditors: amounts falling due within one year	6	(26,308)			(23,538)

Net current assets			185,442			207,613

Net assets			2,445,881			2,509,912

Capital and reserves
Called up share capital			100			100
Share premium			2,444,900			2,444,900
Profit and loss account			881			64,912

Shareholders' funds			2,445,881			2,509,912

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Hugh Curran
Director
Approved by the board on 3 December 2025

Torrbeg Properties Limited
Notes to the financial statements
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to rents receivable, none of which is attributable to geographical markets outside the UK.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 July 2024				2,270,000
	At 30 June 2025				2,270,000

	Depreciation
	At 1 July 2024				136,200
	Charge for the year				45,400
	At 30 June 2025				181,600

	Net book value
	At 30 June 2025				2,088,400
	At 30 June 2024				2,133,800


4	Investments
Other
investments
£
	Cost
	At 1 July 2024				168,499
	Additions				46,371
	Disposals				(42,831)

	At 30 June 2025				172,039


5	Debtors		2025		2024
£				£

	Other debtors		35,931		3,484


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		15,386		18,182
	Other creditors		10,922		5,356
			26,308		23,538


7	Events after the reporting date

	There were no events since the balance sheet date which would necessitate a change in the above figures.

8	Capital commitments

	The Company did not have any capital commitments at 30 June 2025 not already provided for in the financial statements.


9	Related party transactions


	The directors owe £29,953 to the company as at 30th June 2025. (£168 owed to the
	directors as at 30th June 2024).

10	Controlling party

	The controlling parties have been identified as Hugh Curran and Anne Curran, the company's directors.


11	Other information

	Torrbeg Properties Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	42, Victoria Square,
	Rostrevor,
	Newry,
	Co. Down.
	BT34 3EU