REGISTERED NUMBER: 01004902 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

TREVOR PARR ASSOCIATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

Mrs A K M Parr

Mr D H F Parr

Secretary:

Mrs A K M Parr

Registered office:

90 Paget Street

Loughborough

Leicestershire

LE11 5DT

Registered number:

01004902 (England and Wales)

Auditors:

TC Group

Statutory Auditor

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Tangible assets

5

201,555

214,718

Investment property

6

25,753,609

24,914,603

25,955,164

25,129,321

Current assets

Debtors

7

113,260

87,751

Cash at bank

601,796

1,132,193

715,056

1,219,944

Creditors

Amounts falling due within one year

8

(766,856

)

(638,692

)

Net current (liabilities)/assets

(51,800

)

581,252

Total assets less current liabilities

25,903,364

25,710,573

Creditors

Amounts falling due after more than one year

9

(10,816,547

)

(10,745,642

)

Provisions for liabilities

13

(2,511,715

)

(2,673,583

)

Net assets

12,575,102

12,291,348

Capital and reserves

Called up share capital

14

102

102

Share premium

95,498

95,498

Retained earnings

12,479,502

12,195,748

Shareholders' funds

12,575,102

12,291,348

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 4 December 2025 and were signed on its behalf by:

Mr D H F Parr - Director

1.	STATUTORY INFORMATION

Trevor Parr Associates 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.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates

Investment properties are shown at their open market value by managements estimation through a number of bases. With those being the current market considerations, benchmarking to other similar properties in the same areas and also assessing the yields achieved on the properties. The surplus or deficit arising from the annual revaluation is transferred to the Statement of Comprehensive Income.

This is in accordance with FRS 102 1A which, unlike Part 15 to the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Revenue recognition

Turnover represents rents received during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets 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.

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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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 10 (2024 - 10 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

7,500

7,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 June 2024

1,294,375

119,070

1,413,445

Additions

22,837

12,792

35,629

At 31 May 2025

1,317,212

131,862

1,449,074

Depreciation

At 1 June 2024

1,127,678

71,049

1,198,727

Charge for year

33,589

15,203

48,792

At 31 May 2025

1,161,267

86,252

1,247,519

Net book value

At 31 May 2025

155,945

45,610

201,555

At 31 May 2024

166,697

48,021

214,718

6.	INVESTMENT PROPERTY

Total

£

Cost or valuation

At 1 June 2024

24,914,603

Additions

839,006

At 31 May 2025

25,753,609

Net book value

At 31 May 2025

25,753,609

At 31 May 2024

24,914,603

The investment properties were revalued by the directors at the balance sheet date at open market value.

If the investment properties had not been revalued they would have been included at the historical cost of £12,697,339 (2024: £11,868,951).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,847

6,827

Directors' loan accounts

18,351

9,447

Prepayments

81,062

71,477

113,260

87,751

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

216,936

162,517

Hire purchase contracts (see note 11)

2,771

-

Trade creditors

199,670

206,861

Tax

116,535

120,529

Social security and other taxes

-

5,967

Other creditors

190,519

57,945

Directors' loan accounts

35,875

84,873

Accruals and deferred income

4,550

-

766,856

638,692

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

10,812,160

10,745,642

Hire purchase contracts (see note 11)

4,387

-

10,816,547

10,745,642

10.

LOANS

The bank loans and overdraft facility are secured by a fixed charge over the fixed assets of the company.

Included within creditors falling due after more than one year is an amount of £8,487,533 (2024: £8,560,987) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

2,771

-

Between one and five years

4,387

-

7,158

-

Net obligation under finance lease and hire purchase contracts are secured by fixed charges on the asset concerned.

Non-cancellable

operating leases

2025

2024

£

£

Within one year

8,380

10,085

Between one and five years

-

7,564

8,380

17,649

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

10,821,628

10,849,062

13.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,511,715

2,673,583

Deferred tax

£

Balance at 1 June 2024

2,673,583

Credit to Income Statement during year

(161,868

)

Balance at 31 May 2025

2,511,715

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

82

Ordinary

£1

82

82

20

Ordinary 'B'

£1

20

20

102

102

15.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Liptrott (Senior Statutory Auditor)

for and on behalf of TC Group

16.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

Mrs A K M Parr and Mr D H F Parr

Balance outstanding at start of year

(75,426

)

(84,599

)

Amounts advanced

877,748

883,140

Amounts repaid

(819,847

)

(873,967

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17,525

)

(75,426

)

The Directors are the key management personnel.

The director has given a personal guarantee for £450,000 in respect of the company's bank loans.

17.	RELATED PARTY DISCLOSURES

The creditor due to a close family member at the year-end was £747 (2024: £856).