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Company Registration No. 12390088 (England and Wales)
TR7 Skatepark Ltd Unaudited accounts for the year ended 31 January 2023
TR7 Skatepark Ltd Unaudited accounts Contents
Page
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TR7 Skatepark Ltd Company Information for the year ended 31 January 2023
Directors
Charles Merryweather Martina Biquard
Company Number
12390088 (England and Wales)
Registered Office
40 Tower road Newquay Cornwall TR7 1LU
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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TR7 Skatepark Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
264 
352 
Current assets
Debtors
9,401 
17,082 
Cash at bank and in hand
2,192 
4,431 
11,593 
21,513 
Creditors: amounts falling due within one year
(2,586)
(15,026)
Net current assets
9,007 
6,487 
Total assets less current liabilities
9,271 
6,839 
Creditors: amounts falling due after more than one year
(7,947)
(5,750)
Net assets
1,324 
1,089 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,322 
1,087 
Shareholders' funds
1,324 
1,089 
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2023 and were signed on its behalf by
Martina Biquard Director Company Registration No. 12390088
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TR7 Skatepark Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
TR7 Skatepark Ltd is a private company, limited by shares, registered in England and Wales, registration number 12390088. The registered office is 40 Tower road, Newquay, Cornwall, TR7 1LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The Directors pledge their continuing Financial support to the Company in the future.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
469 
At 31 January 2023
469 
Depreciation
At 1 February 2022
117 
Charge for the year
88 
At 31 January 2023
205 
Net book value
At 31 January 2023
264 
At 31 January 2022
352 
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TR7 Skatepark Ltd Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,597 
- 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
5,804 
12,243 
Accrued income and prepayments
- 
3,597 
Other debtors
- 
1,242 
5,804 
17,082 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,500 
1,500 
Taxes and social security
57 
194 
Other creditors
- 
972 
Accruals
1,029 
12,360 
2,586 
15,026 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,711 
5,750 
Loans from directors
5,236 
- 
7,947 
5,750 
8
Transactions with related parties
During the year the Company paid rent/service charges to TR7 Skate Ltd amounting to £6,740, (2022: £18,824). The Companies are both held under common control. The company also loaned money to TR7 Skate Ltd, the year end amount owing back equated to £5,804. (2022: balance owed to TR7 Skate Ltd was £12,243).
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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