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REGISTERED NUMBER: 03019140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TRISTMIRE LIMITED

TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

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


TRISTMIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs L Atkins
Mr M P Atkins





REGISTERED OFFICE: Unit 7
Horizon Business Village
1 Brooklands Road
Weybridge
Surrey
KT13 0TJ





REGISTERED NUMBER: 03019140 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 101 101
Investment property 5 25,626,013 24,839,647
25,626,114 24,839,748

CURRENT ASSETS
Stocks 39,523 -
Debtors 6 3,631,063 596,272
Cash at bank 307,815 472,395
3,978,401 1,068,667
CREDITORS
Amounts falling due within one year 7 704,245 344,473
NET CURRENT ASSETS 3,274,156 724,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,900,270

25,563,942

CREDITORS
Amounts falling due after more than one
year

8

(18,966,406

)

(17,410,800

)

PROVISIONS FOR LIABILITIES (1,537,845 ) (1,388,436 )
NET ASSETS 8,396,019 6,764,706

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 8,096,019 6,464,706
SHAREHOLDERS' FUNDS 8,396,019 6,764,706

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.

TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





Mrs L Atkins - Director


TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Tristmire 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Tristmire Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Work in progress
Work in progress represents work undertaken on property development measured at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Turnover
Rent receivable represents amounts due for property rental net of VAT.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 101 107,731 107,832
PROVISIONS
At 1 April 2022
and 31 March 2023 - 107,731 107,731
NET BOOK VALUE
At 31 March 2023 101 - 101
At 31 March 2022 101 - 101

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 24,839,647
Revaluations 786,366
At 31 March 2023 25,626,013
NET BOOK VALUE
At 31 March 2023 25,626,013
At 31 March 2022 24,839,647

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2016 6,005,149
Valuation in 2018 532,083
Valuation in 2019 1,857,669
Valuation in 2020 (1,087,344 )
Valuation in 2023 786,366
Cost 17,532,090
25,626,013

TRISTMIRE LIMITED (REGISTERED NUMBER: 03019140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY - continued

The directors have obtained formal valuations for a sample of properties during the year. The directors are of the opinion that the value of investment properties is accurately stated in the financial statements.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 42,371 (14,431 )
Other debtors 155,018 167,541
197,389 153,110

Amounts falling due after more than one year:
Amounts owed by associates 3,433,674 443,162

Aggregate amounts 3,631,063 596,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 134,300 18,701
Taxation and social security 361,980 114,535
Other creditors 207,965 211,237
704,245 344,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,082,764 6,082,764
Amounts owed to associates 12,883,642 11,328,036
18,966,406 17,410,800

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 6,082,764 6,082,764

Bank loans are secured over the assets of the company. In addition the director, M.P. Atkins, has given personal guarantees, as have related parties Rondoor Trust and Tranmere Trust.