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Registration number: 3063604

Torksey Limited
Filleted Unaudited Financial Statements
for the Year Ended 31 March 2025

Torksey Limited

(Registration number: 3063604)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Other financial assets | 5 | 12,860 | 6,325
Investments in joint property syndicates | 4 | 4,091,896 | 4,049,656
|  | 4,104,756 | 4,055,981
Current assets |  |  |
Debtors | 6 | 225,738 | 114,858
Cash at bank and in hand |  | 89,751 | 41,721
|  | 315,489 | 156,579
Creditors: Amounts falling due within one year | 7 | (2,816,024) | (2,701,144)
Net current liabilities |  | (2,500,535) | (2,544,565)
Net assets |  | 1,604,221 | 1,511,416
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Revaluation reserve |  | 203,752 | 197,217
Profit and loss account |  | 1,080,051 | 993,781
Non-distributable reserve |  | 320,416 | 320,416
Total equity |  | 1,604,221 | 1,511,416

Torksey Limited

(Registration number: 3063604)
Balance Sheet as at 31 March 2025

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.

Approved and authorised by the Board on 11 February 2026 and signed on its behalf by:

......................................... Mr A S Berkeley Director

Torksey Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
England

These financial statements were authorised for issue by the Board on 11 February 2026.

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.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Torksey Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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 2 (2024 - 2).

4 | Investments in joint property syndicates

Torksey Limited

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

| £
Capital as at 1 April 2024 | 4,041,500
Additions | 309,493
Surplus/Deficit | 135,672
Repayments | (394,769)
At 31 March 2025 | 4,091,896

5 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 April 2024 | 6,325 | 6,325
Fair value adjustments | 6,535 | 6,535
At 31 March 2025 | 12,860 | 12,860
Impairment
Carrying amount
At 31 March 2025 | 12,860 | 12,860

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 225,738 | 114,858
| 225,738 | 114,858

Torksey Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 85,421 | 105,577
Accruals and deferred income | 1,888 | 4,571
Other creditors | 2,728,715 | 2,590,996
| 2,816,024 | 2,701,144