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Company No: 06884921 (England and Wales)

# THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2025
THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 0 |  | 3,917
|  | 0 |  | 3,917
Current assets |  |  |  |
Debtors | 4 | 38,816 |  | 69,775
Cash at bank and in hand | 5 | 8 |  | 8
|  | 38,824 |  | 69,783
Creditors: amounts falling due within one year | 6 | ( 74,694) |  | ( 83,022)
Net current liabilities |  | (35,870) |  | (13,239)
Total assets less current liabilities |  | (35,870) |  | (9,322)
Creditors: amounts falling due after more than one year | 7 | ( 6,846) |  | ( 9,750)
Net liabilities |  | ( 42,716) |  | ( 19,072)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | ( 42,816 ) |  | ( 19,172 )
Total shareholders' deficit |  | ( 42,716) |  | ( 19,072)

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Traditional Building and Restoration Company Ltd (registered number: 06884921) were approved and authorised for issue by the Director on 01 April 2026. They were signed on its behalf by:

Stephen Reginald Gallimore Director |

THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
THE TRADITIONAL BUILDING AND RESTORATION COMPANY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

The Traditional Building and Restoration Company Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Higher Haye, Throwleigh, Okehampton, EX20 2HY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

In 2025 the directors made the decision that the Company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 May 2024 | 13,710 |  | 12,566 |  | 1,223 |  | 1,018 |  | 28,517
Disposals | ( 13,710) |  | ( 12,566) |  | ( 1,223) |  | ( 1,018) |  | ( 28,517)
At 30 April 2025 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 May 2024 | 10,996 |  | 12,036 |  | 1,042 |  | 526 |  | 24,600
Charge for the financial year | 596 |  | 132 |  | 45 |  | 123 |  | 896
Disposals | ( 11,592) |  | ( 12,168) |  | ( 1,087) |  | ( 649) |  | ( 25,496)
At 30 April 2025 | 0 |  | 0 |  | 0 |  | 0 |  | 0
Net book value |  |  |  |  |  |  |  |  |
At 30 April 2025 | 0 |  | 0 |  | 0 |  | 0 |  | 0
At 30 April 2024 | 2,714 |  | 530 |  | 181 |  | 492 |  | 3,917

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by director | 0 |  | 35,311
Other taxation and social security | 38,816 |  | 12,077
Other debtors | 0 |  | 22,387
| 38,816 |  | 69,775

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 8 |  | 8
Less: Bank overdrafts | ( 24,701) |  | ( 18,266)
| (24,693) |  | (18,258)

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 33,701 |  | 27,266
Trade creditors | 649 |  | 1,229
Amounts owed to director | 1,518 |  | 0
Accruals | 4,395 |  | 2,969
Taxation and social security | 34,431 |  | 51,558
| 74,694 |  | 83,022

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 6,846 |  | 9,750

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts owed by directors | (1,518) |  | 35,311