Trent Bridge Investments Limited Filleted Accounts Cover |
Company No. 03868390 | |||||||||
Trent Bridge Investments Limited Directors Report Registrar |
The Directors present their report and the accounts for the year ended 30 November 2022. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
Debra Kightley | |||||||||
Horatio Growdridge | |||||||||
Mark Kightley | |||||||||
Signed on behalf of the board | |||||||||
Mark Kightley | |||||||||
Director | |||||||||
02 November 2023 |
Trent Bridge Investments Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 5 | |||||||||
Current assets | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Investment property fair value reserve | 11 | |||||||||
Profit and loss account | 11 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 02 November 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
Mark Kightley | ||||||||||
Director | ||||||||||
02 November 2023 |
Trent Bridge Investments Limited Notes to the Accounts Registrar |
for the year ended 30 November 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 03868390 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Freehold investment property | ||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Financial instruments | ||||||||||||||
Financial assets | ||||||||||||||
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when: | ||||||||||||||
(a) The contractual rights to the cash flows from the asset expire or are settled; | ||||||||||||||
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or | ||||||||||||||
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. | ||||||||||||||
Financial liabilities | ||||||||||||||
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price. | ||||||||||||||
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. | ||||||||||||||
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method. | ||||||||||||||
Grants receivable | ||||||||||||||
Grants from the government are recognised at their fair value when there is a reasonable assurance that the grant will be received and the company will comply with the relevant conditions. | ||||||||||||||
Amounts receivable are recognised in the Profit and Loss account Grant accounting has been applied to the amount receivable under interest paid by the government in respect of the Coronavirus Business Interruption Loan. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Other operating income: | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Interest on CBILS loan | - | 241 | ||||||||||||
- | 241 | |||||||||||||
5 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 December 2021 | ||||||||||||||
Revaluation | ||||||||||||||
At 30 November 2022 | ||||||||||||||
6 | Debtors | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Corporation tax recoverable | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||
Amount repayable by instalments | 99,824 | 117,760 | ||||||||||||
9 | Creditors: secured liabilities | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
The aggregate amount of secured liabilities included within creditors | ||||||||||||||
10 | Share Capital | |||||||||||||
Share capital consists of 100 Ordinary Shares of £1 each which have been fully paid. | ||||||||||||||
11 | Reserves | |||||||||||||
Investment property fair value reserve | Total other reserves | |||||||||||||
£ | £ | |||||||||||||
At 1 December 2020 | ||||||||||||||
At 30 November 2021 and 1 December 2021 | ||||||||||||||
Movement on revaluation reserve | ||||||||||||||
At 30 November 2022 | ||||||||||||||
12 | Related party transactions | |||||||||||||
Dividends paid to the director's and their associates amounted to £79,000. | ||||||||||||||
Balances owed to and from directors | 2022 | 2021 | ||||||||||||
£ | £ | |||||||||||||
Name of Director | Mark Kightley | |||||||||||||
Amount from and (to) director | 73,054 | 69,927 | ||||||||||||
Name of Director | Debra Kightley | |||||||||||||
Amount from and (to) director | 73,054 | 69,927 | ||||||||||||
Name of Director | Horatio Growdridge | |||||||||||||
Amount from and (to) director | (25,000) | (80,084) | ||||||||||||
During the year the company made advances to the directors M Kightley and D Kightley. | ||||||||||||||
The maximum amount owed by the each director to the company during the year was £86,332. | ||||||||||||||
The above balances are free of interest, unsecured and are repayable upon demand. | ||||||||||||||
13 | Dividends | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | 79,000 | 79,000 | ||||||||||||
79,000 | ||||||||||||||
Dividends by type: | ||||||||||||||
Non-equity preference dividends | ||||||||||||||
Equity dividends | ||||||||||||||
79,000 | 79,000 | |||||||||||||