TOSCA DEVELOPMENTS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1955720

TOSCA DEVELOPMENTS LIMITED

Filleted Unaudited Financial Statements

31 March 2025

TOSCA DEVELOPMENTS LIMITED

Financial Statements

Year ended 31st March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

TOSCA DEVELOPMENTS LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	4		400,000		400,050

Current assets

Cash at bank and in hand	41,608		27,704

Creditors: amounts falling due within one year	5	9,443		5,072
		--------		--------
Net current assets			32,165		22,632
			---------		---------
Total assets less current liabilities			432,165		422,682

Provisions

Taxation including deferred tax	60,619	60,629
	---------	---------
Net assets	371,546	362,053
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	371,446	361,953
	---------	---------
Shareholders funds	371,546	362,053
	---------	---------

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 31st March 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 .

TOSCA DEVELOPMENTS LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mrs A E Sibiga

Director

Company registration number: 1955720

TOSCA DEVELOPMENTS LIMITED

Notes to the Financial Statements

Year ended 31st March 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 75 Victoria Crescent, Eccles, Manchester, M30 9AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

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.

Income tax

Taxation expense for the year comprises current and deferred tax recognised in the period. 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. In this case, tax is also recognised in other comprehensive income or directly in equity respectively. Current or deferred tax assets and liabilities are not discounted. Current tax is the amount of income tax payable in respect of the taxable profit for the period or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when 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 rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Tangible assets

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. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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:

	Fixtures & Fittings	-	15% reducing balance

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

4. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1st April 2024 and 31st March 2025	400,000	2,040	402,040
	---------	-------	---------
Depreciation
At 1st April 2024	–	1,990	1,990
Charge for the year	–	50	50
	---------	-------	---------
At 31st March 2025	–	2,040	2,040
	---------	-------	---------
Carrying amount
At 31st March 2025	400,000	–	400,000
	---------	-------	---------
At 31st March 2024	400,000	50	400,050
	---------	-------	---------

Tangible assets held at valuation

The investment properties were revalued by the director on 31 March 2025 .

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	897
Social security and other taxes	778	–
Other creditors	8,665	4,175
	-------	-------
	9,443	5,072
	-------	-------

6. Directors' advances, credits and guarantees

Included within other creditors above is an amount of £7,172 (2024: £3,035) owed to the director. No Interest has been charged on the amount which is repayable on demand

7. Related party transactions

The company was under the control of Mrs E Sibiga.