Registered number
11404755
TRV Properties Ltd
Filleted Accounts
31 March 2023
TRV Properties Ltd
Registered number: 11404755
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 714,997 714,997
Current assets
Cash at bank and in hand 16,070 9,861
Creditors: amounts falling due within one year 4 (88,890) (75,077)
Net current liabilities (72,820) (65,216)
Total assets less current liabilities 642,177 649,781
Creditors: amounts falling due after more than one year 5 (617,971) (635,539)
Net assets 24,206 14,242
Capital and reserves
Called up share capital 150 150
Profit and loss account 24,056 14,092
Shareholders' funds 24,206 14,242
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Thomas Joseph Abraham
Director
Approved by the board on 9 October 2023
TRV Properties Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 714,997
At 31 March 2023 714,997
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 714,997
At 31 March 2022 714,997
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 43,636 46,109
Trade creditors 5,477 6,863
Taxation and social security costs 5,328 2,206
Other creditors 34,449 19,899
88,890 75,077
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 279,108 296,676
Other creditors 338,863 338,863
617,971 635,539
6 Related party transactions 2023 2023
Color-Chem (Europe) Limited
Both companies have common director and shareholder. £338,863 £338,863
During the year Color-Chem (Europe) Limited has
given a loan of £338,863 to TRV Properties Ltd,
included within other creditor.
7 Other information
TRV Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Chestnut Avenue
Oadby
Leicester
United Kingdom
LE2 5JH
TRV Properties Ltd 11404755 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 Mr Thomas Joseph Abraham No description of principal activity 11404755 2021-04-01 2022-03-31 11404755 core:WithinOneYear 2022-03-31 11404755 core:AfterOneYear 2022-03-31 11404755 core:ShareCapital 2022-03-31 11404755 core:RetainedEarningsAccumulatedLosses 2022-03-31 11404755 2022-04-01 2023-03-31 11404755 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11404755 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11404755 bus:Director40 2022-04-01 2023-03-31 11404755 1 2022-04-01 2023-03-31 11404755 2 2022-04-01 2023-03-31 11404755 countries:England 2022-04-01 2023-03-31 11404755 bus:FRS102 2022-04-01 2023-03-31 11404755 bus:FullAccounts 2022-04-01 2023-03-31 11404755 2023-03-31 11404755 core:WithinOneYear 2023-03-31 11404755 core:AfterOneYear 2023-03-31 11404755 core:ShareCapital 2023-03-31 11404755 core:RetainedEarningsAccumulatedLosses 2023-03-31 11404755 core:LandBuildings 2023-03-31 11404755 2022-03-31 11404755 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure