TT54 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11808831

TT54 Limited

Filleted Unaudited Financial Statements

31 March 2026

TT54 Limited

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	1,257,323	1,224,079

Current assets

Debtors	6	33,396	11,152
Cash at bank and in hand		25,508	34,147
		--------	--------
		58,904	45,299

Creditors: amounts falling due within one year	7	655,862	671,159
		---------	---------
Net current liabilities		596,958	625,860
		------------	------------
Total assets less current liabilities		660,365	598,219

Creditors: amounts falling due after more than one year	8	434,803	445,029

Provisions	10,050	1,480
	---------	---------
Net assets	215,512	151,710
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	215,412	151,610
	---------	---------
Shareholders funds	215,512	151,710
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TT54 Limited

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:

Mr P A Turner

Director

Company registration number: 11808831

TT54 Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit H6, Halesfield, Telford, T77 4QT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

The turnover shown in the profit and loss account represents rental income and recharged expenses receivable during the year, exclusive of Value Added Tax. Turnover is recognised when the company obtains the right to receive consideration for services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment properties are measured at fair value with changes in fair value being recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost and subsequently remeasured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2025: 2 ).

5. Tangible assets

	Investment property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	1,203,888	69,576	5,151	30,000	1,308,615
Additions	–	6,373	–	39,167	45,540
	------------	--------	-------	--------	------------
At 31 March 2026	1,203,888	75,949	5,151	69,167	1,354,155
	------------	--------	-------	--------	------------
Depreciation
At 1 April 2025	–	60,492	3,799	20,245	84,536
Charge for the year	–	6,443	567	5,286	12,296
	------------	--------	-------	--------	------------
At 31 March 2026	–	66,935	4,366	25,531	96,832
	------------	--------	-------	--------	------------
Carrying amount
At 31 March 2026	1,203,888	9,014	785	43,636	1,257,323
	------------	--------	-------	--------	------------
At 31 March 2025	1,203,888	9,084	1,352	9,755	1,224,079
	------------	--------	-------	--------	------------

Directors have valued the investment property at fair value based on judgement and experience.

6. Debtors

	2026	2025
	£	£
Trade debtors	33,396	10,084
Other debtors	–	1,068
	--------	--------
	33,396	11,152
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	22,446	21,208
Trade creditors	4,983	574
Corporation tax	11,177	13,419
Social security and other taxes	3,408	3,357
Other creditors	613,848	632,601
	---------	---------
	655,862	671,159
	---------	---------

The bank loans are secured on all property owned by the company. An amount of £8,917 (2025 - Nil) included within other creditors due within one year is hire purchase liability which is secured on the asset to which it relates.

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	419,932	445,029
Other creditors	14,871	–
	---------	---------
	434,803	445,029
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £313,049 (2025: £340,150) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans are secured on all property owned by the company. An amount of £14,871 (2025 - Nil) included within other creditors due after more than one year is hire purchase liability which is secured on the asset to which it relates.