Registration number: 03403490

Trafalgar Square Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Trafalgar Square Limited

(Registration number: 03403490 )
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	655,000	655,000
Current assets
Debtors	6	27,572	13,500
Cash at bank and in hand		6,666	23,884
		34,238	37,384
Creditors: Amounts falling due within one year	7	(222,194)	(261,511)
Net current liabilities		(187,956)	(224,127)
Total assets less current liabilities		467,044	430,873
Provisions for liabilities		(32,200)	(32,200)
Net assets		434,844	398,673
Capital and reserves
Called up and fully paid share capital		2	2
Profit and loss account - non distributable		146,199	146,199
Profit and loss account - distributable		288,643	252,472
Total equity		434,844	398,673

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 May 2026
 

.........................................

Mr J B M Osborne
Director

Trafalgar Square Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
The Old Stables
Combe Hay
BATH
BA72 7EG

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of the business, and is shown net of VAT.

Turnover represents investment property rental income generated from the investment property. Rental income is recognised in accordance with the terms of the property lease.

Tax

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

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.

Trafalgar Square Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight line

Investment property

The investment property is stated at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair values are recognised in profit or loss.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Classification

The company only has financial instruments that are classified as basic financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and cash and bank balances, are intially measured at transaction price and are subsequently carried at amortised cost less impairment.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

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.

Basic financial liabilities, including creditors, bank loans and loans from related parties, are initially recognised at transaction price and subsequently measured at amortised cost.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Trafalgar Square Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

4	Tangible assets

	Office equipment  £
Cost or valuation
At 1 October 2024	1,522
At 30 September 2025	1,522
Depreciation
At 1 October 2024	1,522
At 30 September 2025	1,522
Carrying amount
At 30 September 2025	-

 

5	Investment properties

Fair value	2025 £
At 1 October 2024	655,000
At 30 September 2025	655,000

The fair value of the investment property has been arrived at on the basis of valuations carried out at 30 September 2025 by Trevor Osborne FRICS, a qualified surveyor and father of the director. The valuations were made on an open market value basis by reference to nature, location and condition. The historical cost is £476,601 (2024 - £476,601).

6

Debtors

	2025 £	2024 £
Trade debtors	27,572	13,500

Trafalgar Square Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Taxation and social security	1,500	2,250
Accruals and deferred income	5,729	13,065
Other creditors	214,965	246,196
	222,194	261,511

8	Related party transactions

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	206,480

2024	Key management £
Amounts payable to related party	238,462