Tropical Fruit & Veg Limited - Filleted accounts

Registered number

05118322

Tropical Fruit & Veg Limited

Filleted Abridged Accounts

31 March 2025

Tropical Fruit & Veg Limited
Registered number:		05118322
Abridged Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		432			576
Investments	4		97,842			97,842
			98,274			98,418

Current assets
Debtors		10,900			10,000
Cash at bank and in hand		6,752			5,239
		17,652			15,239

Creditors: amounts falling due within one year		(77,702)			(70,495)

Net current liabilities			(60,050)			(55,256)

Total assets less current liabilities			38,224			43,162

Creditors: amounts falling due after more than one year			(22,510)			(28,089)



Net assets			15,714			15,073

Capital and reserves
Called up share capital			100			100
Profit and loss account			15,614			14,973

Shareholders' funds			15,714			15,073

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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.


Mrs Vena Varsani
Director
Approved by the board on 3 July 2025

Tropical Fruit & Veg Limited
Notes to the Abridged Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The abridged 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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Fixtures, fittings, tools and equipment	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Total
£
	Cost
	At 1 April 2024				65,456
	At 31 March 2025				65,456

	Depreciation
	At 1 April 2024				64,880
	Charge for the year				144
	At 31 March 2025				65,024

	Net book value
	At 31 March 2025				432
	At 31 March 2024				576


4	Investments

Other
investments
£
	Cost
	At 1 April 2024				97,842

	At 31 March 2025				97,842
	Other investments are investment properties. The fair value of the property at 31st March 2025 was not different to that of the purchase date and this has been arrived at on the basis of a valuation carried out at that date by Mrs Varsani, a director of the company who is not a professionally qualified valuer. The valuation was arrived by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of rental market in the area where the properties are situated.


5	Other information

	Tropical Fruit & Veg Limited is a private company limited by shares and incorporated in England. Its registered office is:
	18 The Broadway
	East Lane
	Wembley
	Middlesex
	HA9 8JU