Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs P A Stone 07/03/2007 Mr R A J Stone 07/03/2007 30 October 2023 The principal activity of the company during the financial year was property management 06144087 2023-03-31 06144087 bus:Director1 2023-03-31 06144087 bus:Director2 2023-03-31 06144087 2022-03-31 06144087 core:CurrentFinancialInstruments 2023-03-31 06144087 core:CurrentFinancialInstruments 2022-03-31 06144087 core:ShareCapital 2023-03-31 06144087 core:ShareCapital 2022-03-31 06144087 core:RetainedEarningsAccumulatedLosses 2023-03-31 06144087 core:RetainedEarningsAccumulatedLosses 2022-03-31 06144087 core:LandBuildings 2022-03-31 06144087 core:OtherPropertyPlantEquipment 2022-03-31 06144087 core:LandBuildings 2023-03-31 06144087 core:OtherPropertyPlantEquipment 2023-03-31 06144087 core:CostValuation 2022-03-31 06144087 core:CostValuation 2023-03-31 06144087 bus:OrdinaryShareClass1 2023-03-31 06144087 bus:OrdinaryShareClass2 2023-03-31 06144087 2022-04-01 2023-03-31 06144087 bus:FullAccounts 2022-04-01 2023-03-31 06144087 bus:SmallEntities 2022-04-01 2023-03-31 06144087 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06144087 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06144087 bus:Director1 2022-04-01 2023-03-31 06144087 bus:Director2 2022-04-01 2023-03-31 06144087 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 06144087 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 06144087 2021-04-01 2022-03-31 06144087 core:LandBuildings 2022-04-01 2023-03-31 06144087 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06144087 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06144087 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 06144087 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 06144087 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06144087 (England and Wales)

TREVINCE ESTATE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

TREVINCE ESTATE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TREVINCE ESTATE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
TREVINCE ESTATE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs P A Stone
Mr R A J Stone
SECRETARY Mr R A J Stone
REGISTERED OFFICE The Estate Office
Trevince Gwennap
Redruth
TR16 6BA
United Kingdom
COMPANY NUMBER 06144087 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
TREVINCE ESTATE LIMITED

BALANCE SHEET

As at 31 March 2023
TREVINCE ESTATE LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 11,895 14,907
Investments 4 100 100
11,995 15,007
Current assets
Debtors 5 97,495 97,644
Cash at bank and in hand 66,568 51,828
164,063 149,472
Creditors: amounts falling due within one year 6 ( 27,435) ( 25,291)
Net current assets 136,628 124,181
Total assets less current liabilities 148,623 139,188
Provision for liabilities ( 573) ( 609)
Net assets 148,050 138,579
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 148,048 138,577
Total shareholders' funds 148,050 138,579

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trevince Estate Limited (registered number: 06144087) were approved and authorised for issue by the Board of Directors on 30 October 2023. They were signed on its behalf by:

Mrs P A Stone
Director
TREVINCE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TREVINCE ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trevince Estate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office, Trevince Gwennap, Redruth, TR16 6BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities.
Turnover from management fees is recognised when the services are provided.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in subsidiaries are measured at cost less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 34,942 2,164 37,106
Additions 0 1,070 1,070
Disposals 0 ( 376) ( 376)
At 31 March 2023 34,942 2,858 37,800
Accumulated depreciation
At 01 April 2022 20,539 1,660 22,199
Charge for the financial year 3,494 212 3,706
At 31 March 2023 24,033 1,872 25,905
Net book value
At 31 March 2023 10,909 986 11,895
At 31 March 2022 14,403 504 14,907

Included within the net book value of land and buildings above is £10,909 (2022 - £14,403) in respect of short leasehold land and buildings.

Land and buildings comprises tenant improvements.

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 April 2022 100
At 31 March 2023 100
Carrying value at 31 March 2023 100
Carrying value at 31 March 2022 100

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:-
Subsidiary undertakings in: Trevince Retail Limited

Registered office:
The Estate Office
Trevince
Gwennap
Redruth
Cornwall
TR16 6BA

Holding: Ordinary

Proportion of voting rights and shares held: 100%

The principal activity of Trevince Retail Limited is the running of retail events.

5. Debtors

2023 2022
£ £
Prepayments 717 2,644
Other debtors 96,778 95,000
97,495 97,644

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 376
Taxation and social security 4,748 5,596
Other creditors 22,687 19,319
27,435 25,291

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Class A ordinary share of £ 1.00 1 1
1 Class B ordinary share of £ 1.00 1 1
2 2

8. Related party transactions

Other debtors includes a loan totalling £95,000 (2022 - £95,000) to a company under common control, which was outstanding at the year end. No interest was charged on the loan during the year.