Company registration number: 08434536
Annual report and unaudited financial statements
for the year ended 31 March 2026
for
Pass and Totterdell Limited
Pages for filing with the Registrar
Company registration number: 08434536
Pass and Totterdell Limited
Balance sheet
as at 31 March 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 116,758 503,735
Investment property 5 343,173 -
459,931 503,735
Current assets
Stocks 550 900
Debtors 166,789 176,598
Cash at bank and in hand 613,859 484,953
781,198 662,451
Creditors: amounts falling due within one year
(246,145) (225,729)
Net current assets 535,053 436,722
Total assets less current liabilities 994,984 940,457
Provisions for liabilities (5,848) (5,102)
NET ASSETS 989,136 935,355
Capital and reserves
Called up share capital 100 100
Profit and loss account 989,036 935,255
TOTAL EQUITY 989,136 935,355
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08434536
Pass and Totterdell Limited
Balance sheet - continued
as at 31 March 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 October 2026 and signed on its behalf by:
Mr M Totterdell, Director Mr G Pass, Director
20 October 2026 20 October 2026
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Pass and Totterdell Limited
Notes to the financial statements
for the year ended 31 March 2026
1 Company information
Pass and Totterdell Limited is a private company registered in England and Wales. Its registered number is 08434536. The company is limited by shares. Its registered office is Cockerels Corner, Pitt Court, North Nibley, Gloucestershire, GL11 6EB.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Investment Properties - 0% straight line
Long leasehold property - 0.14% straight line
Plant and machinery etc.:
Plant and machinery - 25% straight line
Fixtures & fittings - 25% straight line
Motor vehicles - 25% straight line
Computer equipment - 25% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Pass and Totterdell Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 14 (2025 - 15).
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Pass and Totterdell Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 April 2025 483,325 148,379 631,704
Additions - 9,977 9,977
Disposals - (24,153) (24,153)
Reclassification/transfer (359,592) - (359,592)
At 31 March 2026 123,733 134,203 257,936
Depreciation
At 1 April 2025 - 127,969 127,969
Charge for year 15,429 21,933 37,362
Eliminated on disposal - (24,153) (24,153)
At 31 March 2026 15,429 125,749 141,178
Net book value
At 31 March 2026 108,304 8,454 116,758
At 31 March 2025 483,325 20,410 503,735
5 Investment property
£
Valuation
Revaluations (16,419)
Reclassification/transfer 359,592
At 31 March 2026 343,173
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025.
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Pass and Totterdell Limited
Notes to the financial statements - continued
for the year ended 31 March 2026
6 Advances, credit and guarantees granted to directors - continued
2026 2025
£ £
Mr G Pass
Balance outstanding at start of year (187) (79)
Amounts advanced 96,427 106,053
Amounts repaid (96,452) (106,161)
Balance outstanding at end of year (212) (187)
2026 2025
£ £
Mr M Totterdell
Balance outstanding at start of year (187) (79)
Amounts advanced 96,427 106,053
Amounts repaid (96,452) (106,161)
Balance outstanding at end of year (212) (187)
7 Owner Occupied Unit
Long leasehold office, cost £123,733, NBV £108,304, depreciated over 70 years
8 Reclassification from land and buildings
During the year, certain properties previously classified as land and buildings within tangible fixed assets were reclassified to investment properties as they are held primarily for rental income and capital appreciation. The carrying amount of these properties at the date of reclassification was £359,592. The transfer is reflected in the movements shown in notes.


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