Treloar Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Treloar Ltd

(Registration number: 13014035)
Abridged Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,015	2,030
Tangible assets	5	5,781,168	5,597,598
		5,782,183	5,599,628
Current assets
Stocks		18,309	60,824
Debtors		1,586,003	1,587,925
Cash at bank and in hand		134,760	500,043
		1,739,072	2,148,792
Creditors: Amounts falling due within one year		(3,082,024)	(2,913,615)
Net current liabilities		(1,342,952)	(764,823)
Total assets less current liabilities		4,439,231	4,834,805
Creditors: Amounts falling due after more than one year		(425,831)	(745,561)
Provisions for liabilities		(1,160,359)	(1,127,403)
Net assets		2,853,041	2,961,841
Capital and reserves
Called up share capital		100	100
Profit and loss account		2,852,941	2,961,741
Total equity		2,853,041	2,961,841

For the financial year ending 30 November 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 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Treloar Ltd

(Registration number: 13014035)
Abridged Balance Sheet as at 30 November 2025

Approved and authorised by the Board on 24 August 2026 and signed on its behalf by:
 

Mr J Browning

Director

Mr S Browning

Director

Treloar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales (Registered number: 13014035).

The address of its registered office is:
51 Central Way
Walworth Business Park
Andover
SP10 5AN

These financial statements were authorised for issue by the Board on 24 August 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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 sales, value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Treloar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

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 assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on the reducing balance
Long leasehold land and buildings	2% straight line basis
Office equipment	30% on the reducing balance
Motor vehicles	25% on the reducing balance

Amortisation

Patents are initially recognised at cost and subsequently measured at cost less accumulated amortisation and any impairment losses, with amortisation charged on a straight-line basis over their useful lives:

Asset class	Amortisation method and rate
Patents	20% straight line basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 18).

Treloar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 December 2024	5,074
At 30 November 2025	5,074
Amortisation
At 1 December 2024	3,044
Amortisation charge	1,015
At 30 November 2025	4,059
Carrying amount
At 30 November 2025	1,015
At 30 November 2024	2,030

The aggregate amount of research and development expenditure recognised as an expense during the period is £556,409 (2024 - £Nil).
 

5	Tangible assets

	Total £
Cost or valuation
At 1 December 2024	8,070,892
Additions	1,412,997
Disposals	(445,075)
At 30 November 2025	9,038,814
Depreciation
At 1 December 2024	2,473,262
Charge for the year	1,011,829
Eliminated on disposal	(227,445)
At 30 November 2025	3,257,646
Carrying amount
At 30 November 2025	5,781,168
At 30 November 2024	5,597,598

Included within the net book value of land and buildings above is £96,521 (2024 - £17,118) in respect of long leasehold land and buildings.
 

Treloar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2025

6	Related party transactions

Advances to directors

S Browning During the period S Browning went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £203,612 (2024 - £160,149). At the year end, the amount outstanding from S Browning was £203,498 (2024 - £80,153). Interest has been charged at the commercial rate. J Browning During the period J Browning went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £15,812 (2024 - £Nil). At the year end, the amount outstanding from J Browning was £13,994 (2024 - £Nil). Interest has been charged at the commercial rate.. Summary of transactions with other related parties Included within other creditors is a loan from EJ Browning Partnership of £101,985 (2024 - £174,090 other debtors) which is a related party owned by the shareholders of the company. Included within other debtors is a loan to Edgar J Browning Limited of £251,932 (2024 - £259,867) which is a related party owned by the shareholders of the company. Included within other creditors is a loan from EJ Browning & CT Browning Partnership of £104,918 (2024 - £104,918) which is a related party owned by the shareholders of the company.