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REGISTERED NUMBER: 05281089 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

Troutleap Property Management Limited

Troutleap Property Management Limited (Registered number: 05281089)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Troutleap Property Management Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: W J Adler
T J Martin





SECRETARY: W J Adler





REGISTERED OFFICE: 10 Sandeman Way
Horsham
West Sussex
RH13 6EL





REGISTERED NUMBER: 05281089 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Troutleap Property Management Limited (Registered number: 05281089)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 462,000 462,000

CURRENT ASSETS
Debtors 5 151 151

CREDITORS
Amounts falling due within one year 6 46,956 48,768
NET CURRENT LIABILITIES (46,805 ) (48,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,195

413,383

CREDITORS
Amounts falling due after more than one
year

7

(135,202

)

(139,829

)

PROVISIONS FOR LIABILITIES 9 (53,228 ) (40,453 )
NET ASSETS 226,765 233,101

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 162,530 175,305
Retained earnings 64,135 57,696
226,765 233,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Troutleap Property Management Limited (Registered number: 05281089)

Balance Sheet - continued
5 April 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 18 November 2023 and were signed on its behalf by:





W J Adler - Director


Troutleap Property Management Limited (Registered number: 05281089)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Troutleap Property Management 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.

Turnover
Turnover represents rental income from investment properties.

Investment property
Investment properties are included in the balance sheet at their open market value. Any material aggregate surplus or deficit arising from changes in market value is made through Statement of recognised gains and losses.

Debtors and creditors recievable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recongnised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 462,000
NET BOOK VALUE
At 5 April 2023 462,000
At 5 April 2022 462,000

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2012 50,914
Valuation in 2015 20,000
Valuation in 2019 90,000
Valuation in 2021 52,000
Cost 249,086
462,000

Troutleap Property Management Limited (Registered number: 05281089)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Other debtors 151 151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Taxation and social security 1,511 1,578
Other creditors 45,445 47,190
46,956 48,768

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 5.4.22
£    £   
Other creditors 135,202 139,829

Amounts falling due in more than five years:

Repayable by instalments
More than 5yrs instalments 108,279 139,829

8. LOANS

An analysis of the maturity of loans is given below:

5.4.23 5.4.22
£    £   
Amounts falling due within one year or on demand:
Other loans 6,731 2,116

Amounts falling due between two and five years:
Other loans - 2-5 years 26,923 -

Amounts falling due in more than five years:

Repayable by instalments
More than 5yrs instalments 108,279 139,829

There are two mortgage loans from Capital Home Loans Ltd which are both secured by a fixed and floating charge over the company's assets and rental fees receivable.

9. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£    £   
Deferred tax
Other timing differences 53,228 40,453

Troutleap Property Management Limited (Registered number: 05281089)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 6 April 2022 40,453
Provided during year 12,775
Balance at 5 April 2023 53,228

10. RESERVES
Fair
value
reserve
£   
At 6 April 2022 175,305
Revaluation in year (12,775 )

At 5 April 2023 162,530

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £36,427 (2022 - £42,899) to the directors. The balance is unsecured, interest free and not subject to any repayment terms.

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.