Company Registration No. 4648394 (England and Wales)
Trouble Properties Ltd
Unaudited accounts
for the year ended 31 January 2023
Trouble Properties Ltd
Unaudited accounts
Contents
Trouble Properties Ltd
Company Information
for the year ended 31 January 2023
Company Number
4648394 (England and Wales)
Registered Office
28 Terminus Road
Sheffield
S7 2LH
Accountants
Hart Simpson
28 Terminus Road
Sheffield
S7 2LH
Trouble Properties Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
945,101
1,085,141
Cash at bank and in hand
1,664
434
Creditors: amounts falling due within one year
(304,423)
(206,332)
Net current liabilities
(302,759)
(205,898)
Total assets less current liabilities
642,342
879,243
Creditors: amounts falling due after more than one year
(382,759)
(645,482)
Net assets
259,583
233,761
Called up share capital
100
100
Revaluation reserve
308,424
308,424
Profit and loss account
(48,941)
(74,763)
Shareholders' funds
259,583
233,761
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 director acknowledges his 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 and authorised for issue on 30 September 2023 and were signed on its behalf by
S D Gough
Director
Company Registration No. 4648394
Trouble Properties Ltd
Notes to the Accounts
for the year ended 31 January 2023
Trouble Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 4648394. The registered office is 28 Terminus Road, Sheffield, S7 2LH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2022
984,348
307,207
1,291,555
Disposals
(135,000)
-
(135,000)
At 31 January 2023
849,348
307,207
1,156,555
At 1 February 2022
-
206,414
206,414
Charge for the year
-
5,040
5,040
At 31 January 2023
-
211,454
211,454
At 31 January 2023
849,348
95,753
945,101
At 31 January 2022
984,348
100,793
1,085,141
Trouble Properties Ltd
Notes to the Accounts
for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
96,758
123,071
Taxes and social security
1,893
-
Other creditors
17,534
8,001
Loans from directors
187,888
74,910
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
382,759
645,482
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).