Registration number: NI027801

Torrian Estates Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 8

Torrian Estates Limited

Company Information

Directors

Mr Martin B Cullen Mr Bernard A Cullen

Registered office

63 Maryville Park Belfast BT9 6LQ

Torrian Estates Limited

(Registration number: NI027801)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	212	69
Current assets
Stocks	6	260,478	260,478
Cash at bank and in hand		493	963
		260,971	261,441
Creditors: Amounts falling due within one year	7	(768)	(1,428)
Net current assets		260,203	260,013
Total assets less current liabilities		260,415	260,082
Creditors: Amounts falling due after more than one year	7	(283,929)	(280,957)
Net liabilities		(23,514)	(20,875)
Capital and reserves
Called up share capital		2	2
Retained earnings		(23,516)	(20,877)
Shareholders' deficit		(23,514)	(20,875)

For the financial year ending 31 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Torrian Estates Limited

(Registration number: NI027801)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

......................................... Mr Bernard A Cullen Director

Torrian Estates Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland .

The address of its registered office is:
63 Maryville Park
Belfast
BT9 6LQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Torrian Estates Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Torrian Estates Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	38	12

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	11,499	11,499
Additions	180	180
At 31 March 2025	11,679	11,679
Depreciation
At 1 April 2024	11,430	11,430
Charge for the year	37	37
At 31 March 2025	11,467	11,467
Carrying amount
At 31 March 2025	212	212
At 31 March 2024	69	69

6

Stocks

	2025 £	2024 £
Stocks	260,478	260,478

Torrian Estates Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	768	1,428

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	283,929	280,957

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	283,929	280,957

9	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Directors' Loan Account	280,957	2,971	283,929

2024	At 1 April 2023 £	Repayments by director £	At 31 March 2024 £
Directors' Loan Account	278,823	2,134	280,957

Torrian Estates Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2