Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs P A Stone 07/06/2016 Mr R A J Stone 07/06/2016 30 October 2023 The principal activity of the Company is the running of retail events. During the year the company stopped trading and it is currently dormant. 10218091 2023-03-31 10218091 bus:Director1 2023-03-31 10218091 bus:Director2 2023-03-31 10218091 2022-03-31 10218091 core:CurrentFinancialInstruments 2023-03-31 10218091 core:CurrentFinancialInstruments 2022-03-31 10218091 core:ShareCapital 2023-03-31 10218091 core:ShareCapital 2022-03-31 10218091 core:RetainedEarningsAccumulatedLosses 2023-03-31 10218091 core:RetainedEarningsAccumulatedLosses 2022-03-31 10218091 core:OtherPropertyPlantEquipment 2022-03-31 10218091 core:OtherPropertyPlantEquipment 2023-03-31 10218091 bus:OrdinaryShareClass1 2023-03-31 10218091 2022-04-01 2023-03-31 10218091 bus:FullAccounts 2022-04-01 2023-03-31 10218091 bus:SmallEntities 2022-04-01 2023-03-31 10218091 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10218091 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10218091 bus:Director1 2022-04-01 2023-03-31 10218091 bus:Director2 2022-04-01 2023-03-31 10218091 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 10218091 2021-04-01 2022-03-31 10218091 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 10218091 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10218091 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10218091 (England and Wales)

TREVINCE RETAIL LIMITED

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

TREVINCE RETAIL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

TREVINCE RETAIL LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
TREVINCE RETAIL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs P A Stone
Mr R A J Stone
REGISTERED OFFICE Trevince
Gwennap
Redruth
TR16 6BA
United Kingdom
COMPANY NUMBER 10218091 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
TREVINCE RETAIL LIMITED

BALANCE SHEET

As at 31 March 2023
TREVINCE RETAIL LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 59 120
59 120
Current assets
Stocks 4 0 10,704
Debtors 5 0 1,234
Cash at bank and in hand 851 3,214
851 15,152
Creditors: amounts falling due within one year 6 ( 29,023) ( 41,881)
Net current liabilities (28,172) (26,729)
Total assets less current liabilities (28,113) (26,609)
Provision for liabilities ( 15) ( 30)
Net liabilities ( 28,128) ( 26,639)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 28,228 ) ( 26,739 )
Total shareholder's deficit ( 28,128) ( 26,639)

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 Retail Limited (registered number: 10218091) 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 RETAIL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
TREVINCE RETAIL 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 Retail 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 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 £.

Going concern

At the balance sheet date the company had net liabilities of £28,128 (2022: £26,639). The company made a loss of £1,504 for the year, however the company is reliant on the continued support of its directors. The directors have agreed not to call in their debt within at least 12 months from the date of signing the accounts. The company's fixed overheads are minimal and the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

Turnover is recognised when an event takes place or when goods are sold.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant and machinery etc. 4 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

The company holds the following financial instruments:

• Short term trade and other creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 5,175 5,175
At 31 March 2023 5,175 5,175
Accumulated depreciation
At 01 April 2022 5,055 5,055
Charge for the financial year 61 61
At 31 March 2023 5,116 5,116
Net book value
At 31 March 2023 59 59
At 31 March 2022 120 120

4. Stocks

2023 2022
£ £
Finished goods 0 10,704

5. Debtors

2023 2022
£ £
Corporation tax 0 1,150
Other debtors 0 84
0 1,234

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 18
Amounts owed to directors 28,150 40,034
Accruals 873 1,829
29,023 41,881

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
28,150 40,034

At 31 March 2023 other creditors included a loan to the company by the directors. No interest has been charged on this loan.

9. Ultimate controlling party

Parent Company:

Trevince Estate Limited