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REGISTERED NUMBER: 07593262 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

TRYMWOOD MEWS LIMITED

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRYMWOOD MEWS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J E Farrow
D J Wolstenholme





REGISTERED OFFICE: 1A Trymwood Parade
Shirehampton Road
Bristol
BS9 2DP





REGISTERED NUMBER: 07593262 (England and Wales)





ACCOUNTANTS: Haines Watts
Bath House
6-8 Bath Street
Bristol
BS1 6HL

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 674 6,048
Investment property 5 1,160,000 1,160,000
1,160,674 1,166,048

CURRENT ASSETS
Debtors 6 3,346 8,662
Cash at bank and in hand 27,137 22,138
30,483 30,800
CREDITORS
Amounts falling due within one year 7 (53,834 ) (54,726 )
NET CURRENT LIABILITIES (23,351 ) (23,926 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,323

1,142,122

CREDITORS
Amounts falling due after more than one
year

8

(392,200

)

(420,600

)

PROVISIONS FOR LIABILITIES 10 (107,876 ) (108,189 )
NET ASSETS 637,247 613,333

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 421,112 421,112
Retained earnings 216,035 192,121
637,247 613,333

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Balance Sheet - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





R J E Farrow - Director


TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. COMPANY INFORMATION

Trymwood Mews Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activities in the year under review was that of property development and investment.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the total rents invoiced in the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. 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 tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 April 2022
and 31 March 2023 60,612
DEPRECIATION
At 1 April 2022 54,564
Charge for year 5,374
At 31 March 2023 59,938
NET BOOK VALUE
At 31 March 2023 674
At 31 March 2022 6,048

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,160,000
NET BOOK VALUE
At 31 March 2023 1,160,000
At 31 March 2022 1,160,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 274,889
Valuation in 2019 100,000
Valuation in 2022 160,000
Cost 625,111
1,160,000

In the opinion of the directors the fair value of the investment property as at 31 March 2023 is £1,160,000.

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,376 7,772
Prepayments and accrued income 970 890
3,346 8,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,400 28,400
Trade creditors 2,640 1,616
Tax 6,440 8,587
VAT 2,045 2,054
Other creditors 600 600
Directors' current accounts 400 400
Accruals and deferred income 13,309 13,069
53,834 54,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 392,200 420,600

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 420,600 449,000

The bank loan is secured against the investment properties of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 107,876 108,189

TRYMWOOD MEWS LIMITED (REGISTERED NUMBER: 07593262)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 108,189
Credit to Profit and loss account during year (313 )
Balance at 31 March 2023 107,876