REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2023 |
for |
Troutleap Property Management Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.23 | 5.4.22 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
5.4.23 | 5.4.22 |
£ | £ |
Other creditors |
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 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
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 |
Provided during year |
Balance at 5 April 2023 |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 6 April 2022 |
Revaluation in year | (12,775 | ) |
At 5 April 2023 |
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. |