Company Registration No. 10850443 (England and Wales)
TURVILLE PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2025
TURVILLE PROPERTIES LTD
Unaudited accounts
Contents
TURVILLE PROPERTIES LTD
Company Information
for the year ended 31 March 2025
Directors
Mr Royce Turville
Mrs Ella Turville
Company Number
10850443 (England and Wales)
Registered Office
37 MOIRA ROAD
ASHBY-DE-LA-ZOUCH
LE65 2GB
ENGLAND
Accountants
London Accounting Firm
95 Middlesex Street
London
E1 7DA
TURVILLE PROPERTIES LTD
Statement of financial position
as at 31 March 2025
Investment property
1,659,000
1,463,000
Cash at bank and in hand
23,894
9,652
Creditors: amounts falling due within one year
(28,128)
(10,320)
Net current assets
44,526
79,943
Total assets less current liabilities
1,704,008
1,542,943
Creditors: amounts falling due after more than one year
(1,512,190)
(1,295,521)
Net assets
191,818
247,422
Called up share capital
100
100
Profit and loss account
191,718
247,322
Shareholders' funds
191,818
247,422
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
Mr Royce Turville
Director
Company Registration No. 10850443
TURVILLE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
TURVILLE PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10850443. The registered office is 37 MOIRA ROAD, ASHBY-DE-LA-ZOUCH, LE65 2GB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% Straight line
Computer equipment
33% Straight line
Investment property is included at market fair value. Gains are recognised in the income statement.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
TURVILLE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Intangible assets are comprised of franchise fees paid for 3 years, hence, amortised on a straight-line basis over 3 years.
5
Tangible fixed assets
Computer equipment
Fair value at 1 April 2024
1,463,000
Net gain from fair value adjustments
12,000
At 31 March 2025
1,659,000
Investment properties were valued on an open market basis on 31st March 2025 by the directors.
Valuation as of 31st March 2025 was £12,000
Valuation as of 31st March 2024 was £70,740
Valuation as of 31st March 2023 was £55,661
Valuation as of 31st March 2022 was £155,216
Valuation as of 31st March 2021 was £135,000
Valuation as of 31st March 2020 was £30,000
Valuation as of 31st March 2019 was £37,000
If the properties had not been revalued they would have been included at the following historical cost of £979,363.
TURVILLE PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
-
6,592
Other debtors
28,038
44,131
Amounts falling due after more than one year
Other debtors
20,530
27,700
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,305
3,879
Other creditors
24,823
6,441
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,228,027
1,055,248
Amounts owed to group undertakings and other participating interests
60,500
-
Other creditors
67,582
56,942
Loans from directors
156,081
183,331
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).