| Registered Number:SC546838 |
For the year ended 31 March 2025
Scotland
Unaudited Financial Statements
For the year ended 31 March 2025
Terrapin Trading Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Terrapin Trading Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
1,599
2,132
2
19,999
19,999
3
21,598
22,131
97,496
53,252
4
| Trade and other receivables |
(21,177)
6,982
5
1,023
| Cash and cash equivalents |
11,348
71,582
77,342
| Trade and other payables: amounts falling due within one |
| year |
(43,541)
(42,454)
6
33,801
29,128
Net current assets
| Total assets less current liabilities |
50,726
55,932
| Trade and other payables: amounts falling due after more |
| than one year |
(11,000)
(6,542)
7
44,184
Net assets
44,932
2
2
44,182
44,930
44,184
44,932
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
Terrapin Trading Ltd
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 23 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Terrapin Trading Ltd
Notes to the Financial Statements
Statutory Information
| Terrapin Trading Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC546838. |
Unit 24
Castlebrae Business Centre
Peffer Place
Edinburgh
EH16 4BB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| 2. Property, plant and equipment |
7,228
6,387
841
841
6,387
7,228
| Provision for depreciation and impairment |
5,096
4,418
678
Charge for year
533
492
41
5,629
4,910
719
122
1,477
1,599
163
1,969
2,132
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For the year ended 31 March 2025
Terrapin Trading Ltd
Notes to the Financial Statements Continued
| 3. Investments held as fixed assets |
19,999
19,999
19,999
19,999
19,999
19,999
2024
2025
53,252
97,496
| 5. Trade and other receivables |
2024
2025
6,982
(21,177)
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
2,253
-
| Taxation and social security |
137
137
40,064
43,404
42,454
43,541
| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
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For the year ended 31 March 2025
Terrapin Trading Ltd
Notes to the Financial Statements Continued
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
6,542
11,000
| 8. Average number of persons employed |
During the year the average number of employees was 0 (2024 : 3)
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