Trpi Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03789899 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Trpi Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A R Tilney

REGISTERED OFFICE:

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

REGISTERED NUMBER:

03789899 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Tangible assets

4

-

1,094

Investments

5

10

Investment property

6

375,000

375,010

376,104

CURRENT ASSETS

Debtors

7

1,899,301

1,479,581

Cash at bank

7,140

1,857

1,906,441

1,481,438

CREDITORS

Amounts falling due within one year

8

(804,070

)

(542,866

)

NET CURRENT ASSETS

1,102,371

938,572

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,477,381

1,314,676

CREDITORS

Amounts falling due after more than one
year

9

(264,361

)

(285,490

)

PROVISIONS FOR LIABILITIES

(10,000

)

(10,000

)

NET ASSETS

1,203,020

1,019,186

CAPITAL AND RESERVES

Called up share capital

18

Non-distributable reserve

30,000

Retained earnings

1,173,002

989,168

1,203,020

1,019,186

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

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

The director acknowledges his 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 director and authorised for issue on 28 November 2025 and were signed by:

A R Tilney - Director

1.	STATUTORY INFORMATION

Trpi Ltd. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for services provided and rental income.

Tangible fixed assets

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

Short leasehold

-

Over the remaining period of the lease

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals, is stated at its fair value as at the reporting date. The movement for the year in relation to fair value adjustments is recognised directly in the income statement, before being transferred to the non-distributable reserve in the statement of changes in equity.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

COST

At 1 April 2024

37,780

30,422

68,202

Disposals

(37,780

)

(30,422

)

(68,202

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

37,780

29,328

67,108

Charge for year

-

273

Eliminated on disposal

(37,780

)

(29,601

)

(67,381

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

1,094

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

10

NET BOOK VALUE

At 31 March 2025

10

At 31 March 2024

10

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

375,000

NET BOOK VALUE

At 31 March 2025

375,000

At 31 March 2024

375,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,897,890

1,479,581

Accrued income

1,411

-

1,899,301

1,479,581

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

5,481

5,345

Tax

-

23,142

Other creditors

296,893

249,991

Director's current account

498,556

256,644

Accrued expenses

3,140

7,744

804,070

542,866

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

5,619

5,481

Bank loans - 2-5 years

17,725

17,288

Bank loans more than 5 years

241,017

262,721

264,361

285,490

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

241,017

262,721

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

269,842

290,835

The bank loans are secured by a fixed charge on the investment property.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

A R Tilney

Balance outstanding at start of year

(256,644

)

(139,803

)

Amounts advanced

118,500

55,407

Amounts repaid

(360,412

)

(172,248

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(498,556

)

(256,644

)

The above loan is unsecured, interest free and repayable on demand.