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Trent Bridge Investments Limited
Registered Number:03868390
For the year ended 30 November 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2017
Trent Bridge Investments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 November 2017
Trent Bridge Investments Limited
Statement of Financial Position
Registered Number :
03868390
£
£
2016
2017
Notes
Fixed assets
2
2,000,000
1,500,000
Investment property
2,000,000
1,500,000
Current assets
Trade and other receivables
413,006
540,265
3
90,760
Cash and cash equivalents
22,907
563,172
503,766
Trade and other payables: amounts falling due within one
year
(249,053)
(305,095)
4
254,713
258,077
Net current assets
Total assets less current liabilities
2,258,077
1,754,713
(239,000)
(153,000)
Provisions for liabilities
2,019,077
Net assets
1,601,713
Capital and reserves
Called up share capital
90
10
Fair value reserve
1,146,130
732,130
Retained earnings
872,857
869,573
2,019,077
1,601,713
Shareholders' funds
For the year ended 30 November 2017 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 financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Mark Kightley Director
These financial statements were approved and authorised for issue by the Board on 13 November 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2017
Trent Bridge Investments Limited
Notes to the Financial Statements
Statutory Information
Trent Bridge Investments Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03868390.
Registered address:
Unit C17, Kestrel Business Centre
Colwick industrial Estate
Nottingham
NG4 2JR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that
valuation has not been updated.
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is
likely that there has been a material change in value.
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the financial statements at their open market value, based on existing use. Any surplus or deficit arising on revaluation is included in the Income Statement for the relevant year. Deferred tax is provided in respect of all revaluation surpluses at the balance sheet date. Deferred tax is provided on the basis of tax rules and rates which were in effect at the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.Deferred tax is provided in respct of the revaluation surplus arising on investment property.
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5
For the year ended 30 November 2017
Trent Bridge Investments Limited
Notes to the Financial Statements Continued
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and
carried forward at transaction price. Financial assets are derecognised when:
(a) the contractual rights to the cash flows from the asset expire or are settled;
(b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset
to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and
carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is
discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are recognised initially at transaction value and subsequently measured at their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using the
effective interest rate method.
Going Concern
The financial statements have been prepared on the going concern basis.
2. Investment property
Total
£
Fair value
At 01 December 2016
1,500,000
Fair value adjustments
500,000
At 30 November 2017
2,000,000
Net book value
At 30 November 2017
2,000,000
At 30 November 2016
1,500,000
The property was revlaued on an existing use , open market basis by NG Chartered Survyors as at 30 November 2017
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6
For the year ended 30 November 2017
Trent Bridge Investments Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Other debtors
540,265
413,006
The debtors above include the following amounts falling due after more than one year:
Other debtors
6,575
6,575
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
23,408
47,476
Other creditors
281,687
201,577
305,095
249,053
5. Related party transactions
At 30 November 2016 and at 30 November 2017 the company was owed £16,375 in respect of an interest free loan
due from Proteum Limited. The director, M Kightley is a director of this company.Dividends paid to directors and their
associates amounted to £74,000
The company is controlled by its directors who own the issued share capital of the company. There is no individual
controlling party.
6. Directors advances and guarantees
At 01/12/2016
Loaned
Repaid
At 30/11/2017
£
£
£
£
Mr Mark Kightley
Loan
89,634
107,552
68,000
85,918
89,634
107,552
68,000
85,918
Mr Horatio John Ewart Growdridge
Loan
(260,084)
(180,084)
-
80,000
(260,084)
(180,084)
-
80,000
7. Average number of persons employed
During the year the average number of employees was 3 (2016 : 3)
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7
For the year ended 30 November 2017
Trent Bridge Investments Limited
Notes to the Financial Statements Continued
8. Transition to FRS 102
This is the first year for which the financial statements have been prepared under FRS102. The transition to FRS102
has had the following effects upon the financial statements:
The existing revaluation surplus at 30 November 2015 of £885,130 was predesignated as the Fair Value reserve.
Deferred tax of £153,000 was recognised on the existing revaluation surplus and was charged against the Fair Value
Reserve
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