REGISTERED NUMBER: 11261725 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TORQUAY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss H G Fisher

Mr S J Fisher

Mrs C K Fisher

Mrs C E Earnshaw

REGISTERED OFFICE:

27 Hyde Road

Paignton

Devon

TQ4 5BP

REGISTERED NUMBER:

11261725 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Investments

4

3,516

3,516

CURRENT ASSETS

Debtors

5

10,932

12,010

Cash at bank

3,715

1

14,647

12,011

CREDITORS

Amounts falling due within one year

6

3,547

2,320

NET CURRENT ASSETS

11,100

9,691

TOTAL ASSETS LESS CURRENT LIABILITIES

14,616

13,207

CREDITORS

Amounts falling due after more than one year

7

4,251

5,231

NET ASSETS

10,365

7,976

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

10,315

7,926

SHAREHOLDERS' FUNDS

10,365

7,976

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

Mr S J Fisher - Director

Mrs C K Fisher - Director

1.	STATUTORY INFORMATION

Torquay 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

3,516

NET BOOK VALUE

At 31 March 2025

3,516

At 31 March 2024

3,516

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

9,403

3,024

Directors' current accounts

1,529

8,986

10,932

12,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

995

1,010

Other creditors

2

2

Directors' current accounts

2,550

1,308

3,547

2,320

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,251

5,231

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr S J Fisher and Mrs C K Fisher

Balance outstanding at start of year

8,986

12,396

Amounts advanced

63,013

99,501

Amounts repaid

(70,470

)

(102,911

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,529

8,986

Mrs C E Earnshaw

Balance outstanding at start of year

(1,308

)

-

Amounts advanced

17,903

20,552

Amounts repaid

(19,145

)

(21,860

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,550

)

(1,308

)

Loans are unsecured, interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £69,070 (2024 - £72,308) were paid to the directors .

10.	GOVERNMENT GUARANTEED LOAN

The bank loan of £5,246 (2024: £6,241) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2029.