0 01/01/2025 31/12/2025 2025-12-31 false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2025-01-01 Sage Accounts Production 25.0 - FRS102_2025 xbrli:pure xbrli:shares iso4217:GBP NI001299 2025-01-01 2025-12-31 NI001299 2025-12-31 NI001299 2024-12-31 NI001299 2024-01-01 2024-12-31 NI001299 2024-12-31 NI001299 2023-12-31 NI001299 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 NI001299 bus:Director1 2025-01-01 2025-12-31 NI001299 bus:Director2 2025-01-01 2025-12-31 NI001299 core:WithinOneYear 2025-12-31 NI001299 core:WithinOneYear 2024-12-31 NI001299 core:ShareCapital 2025-12-31 NI001299 core:ShareCapital 2024-12-31 NI001299 core:RevaluationReserve 2025-12-31 NI001299 core:RevaluationReserve 2024-12-31 NI001299 core:RetainedEarningsAccumulatedLosses 2025-12-31 NI001299 core:RetainedEarningsAccumulatedLosses 2024-12-31 NI001299 bus:OrdinaryShareClass1 core:ShareCapital 2025-12-31 NI001299 bus:OrdinaryShareClass1 core:ShareCapital 2024-12-31 NI001299 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 NI001299 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-12-31 NI001299 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-12-31 NI001299 core:CostValuation core:Non-currentFinancialInstruments 2025-12-31 NI001299 core:Non-currentFinancialInstruments 2025-12-31 NI001299 core:Non-currentFinancialInstruments 2024-12-31 NI001299 bus:Director2 2025-12-31 NI001299 bus:Director2 2024-12-31 NI001299 bus:SmallEntities 2025-01-01 2025-12-31 NI001299 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 NI001299 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 NI001299 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 NI001299 bus:FullAccounts 2025-01-01 2025-12-31
Company registration number: NI001299
Troy Estate Limited
Unaudited filleted financial statements
31 December 2025
Troy Estate Limited
Contents
Statement of financial position
Notes to the financial statements
Troy Estate Limited
Statement of financial position
31st December 2025
2025 2024
Note £ £ £ £
Fixed assets
Investments 5 624,598 633,008
_______ _______
624,598 633,008
Current assets
Debtors 6 6,832 6,871
Cash at bank and in hand 15,342 23,306
_______ _______
22,174 30,177
Creditors: amounts falling due
within one year 7 ( 29,546) ( 27,430)
_______ _______
Net current (liabilities)/assets ( 7,372) 2,747
_______ _______
Total assets less current liabilities 617,226 635,755
Provisions for liabilities ( 8,692) ( 8,692)
_______ _______
Net assets 608,534 627,063
_______ _______
Capital and reserves
Called up share capital 8 3,833 3,833
Revaluation reserve 191,979 191,979
Profit and loss account 412,722 431,251
_______ _______
Shareholders funds 608,534 627,063
_______ _______
For the year ending 31 December 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 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.
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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:
W S Morrow H.P. Wright
Director Director
Company registration number: NI001299
Troy Estate Limited
Notes to the financial statements
Year ended 31st December 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 3 Limavady Road, Londonderry, BT47 6JU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
5. Investments
Other investments other than loans Total
£ £
Cost
At 1st January 2025 633,007 633,007
Additions 184,829 184,829
Disposals ( 193,238) ( 193,238)
_______ _______
At 31st December 2025 624,598 624,598
_______ _______
Impairment
At 1st January 2025 and 31st December 2025 - -
_______ _______
Carrying amount
At 31st December 2025 624,598 624,598
_______ _______
At 31st December 2024 633,007 633,007
_______ _______
Included in 'Other investments other than loans' are Investment Properties. Investment properties have been valued on 25th August 2022 by Montgomery & McCleery Estate Agents. The directors consider the valuation to reflect fair value at 31st December 2025 based on their knowledge of the property market and advice from local commercial property agents.
Listed investments
£ £
At 31 December 2025
Carrying value 385,838 385,838
Market value 479,542 479,542
_______ _______
At 31st December 2024
Carrying value 394,247 394,247
Market value 429,447 429,447
_______ _______
6. Debtors
2025 2024
£ £
Other debtors 6,832 6,871
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 3,195 2,079
Other creditors 26,351 25,351
_______ _______
29,546 27,430
_______ _______
8. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares shares of £ 1.00 each 3,833 3,833 3,833 3,833
_______ _______ _______ _______
9. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2025 2024
£ £
H.P. Wright 10,513 10,513
_______ _______
Director loans are repayable on demand. Interest on overdrawn loans is charged at HMRC's official rate.