Trent Bridge Investments Limited Filleted Accounts Cover
Trent Bridge Investments Limited
Company No. 03868390
Information for Filing with The Registrar
30 November 2022
Trent Bridge Investments Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 November 2022.
Principal activities
The principal activity of the company during the year under review was management of commercial property.
Directors
The Directors who served at any time during the year were as follows:
Debra Kightley
Horatio Growdridge
Mark Kightley
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Mark Kightley
Director
02 November 2023
Trent Bridge Investments Limited Balance Sheet Registrar
at
30 November 2022
Company No.
03868390
Notes
2022
2021
£
£
Fixed assets
Investment property
5
3,000,0002,000,000
3,000,0002,000,000
Current assets
Debtors
6
636,555650,620
Cash at bank and in hand
28,826106,598
665,381757,218
Creditors: Amount falling due within one year
7
(118,951)
(200,450)
Net current assets
546,430556,768
Total assets less current liabilities
3,546,4302,556,768
Creditors: Amounts falling due after more than one year
8
(187,369)
(210,543)
Provisions for liabilities
Deferred taxation
(505,000)
(239,000)
Net assets
2,854,0612,107,225
Capital and reserves
Called up share capital
100100
Investment property fair value reserve
11
1,880,1301,146,130
Profit and loss account
11
973,831960,995
Total equity
2,854,0612,107,225
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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:
Unit C17
Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.
2
Accounting policies
Turnover
Turnover is the fair value of rent receivable for the period.
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
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
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 made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

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:
33
4
Other operating income:
2022
2021
£
£
Interest on CBILS loan
-
241
-
241
5
Investment property
Freehold Investment Property
£
Valuation
At 1 December 2021
2,000,000
Revaluation
1,000,000
At 30 November 2022
3,000,000
The freehold investment property was revalued by the directors on 30 November 2022 on an existing use basis.
6
Debtors
2022
2021
£
£
Corporation tax recoverable
25,06525,064
Loans to directors
146,108139,855
Other debtors
441,262458,816
Prepayments and accrued income
24,12026,885
636,555650,620
7
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
22,38520,709
Taxes and social security
43,052
61,392
Loans from directors
25,00080,084
Other creditors
77150
Accruals and deferred income
28,43738,115
118,951200,450
The bank loan is secured by a charge over the property owned by the company.
8
Creditors:
amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
187,369210,543
187,369210,543
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
99,824
117,760
99,824117,760
9
Creditors: secured liabilities
2022
2021
£
£
The aggregate amount of secured liabilities included within creditors
175,615188,137
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
1,146,130
1,146,130
At 30 November 2021 and 1 December 2021
1,146,130
1,146,130
Movement on revaluation reserve
734,000
734,000
At 30 November 2022
1,880,1301,880,130
Investment property fair value reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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
79,000
Dividends by type:
Non-equity preference dividends
--
Equity dividends
79,00079,000
79,000
79,000
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