IRIS Accounts Production v23.3.1.45 SC159264 Board of Directors 1.7.22 30.6.23 30.6.23 0 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1592642022-06-30SC1592642023-06-30SC1592642022-07-012023-06-30SC1592642021-06-30SC1592642021-07-012022-06-30SC1592642022-06-30SC159264ns10:Originalns15:Scotland2022-07-012023-06-30SC159264ns14:PoundSterlingns10:Original2022-07-012023-06-30SC159264ns10:Originalns10:Director12022-07-012023-06-30SC159264ns10:Original2022-07-012023-06-30SC159264ns10:Original2023-06-30SC159264ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC159264ns10:Originalns10:SmallEntities2022-07-012023-06-30SC159264ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-30SC159264ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC159264ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-30SC159264ns10:Originalns10:FullAccounts2022-07-012023-06-30SC159264ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-30SC159264ns10:Originalns10:Director22022-07-012023-06-30SC159264ns10:CompanySecretary1ns10:Original2022-07-012023-06-30SC159264ns10:Originalns10:RegisteredOffice2022-07-012023-06-30SC159264ns10:Original2022-06-30SC159264ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC159264ns10:Originalns5:CurrentFinancialInstruments2022-06-30SC159264ns10:Originalns5:Non-currentFinancialInstruments2023-06-30SC159264ns10:Originalns5:Non-currentFinancialInstruments2022-06-30SC159264ns5:ShareCapitalns10:Original2023-06-30SC159264ns5:ShareCapitalns10:Original2022-06-30SC159264ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC159264ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC159264ns10:Originalns5:LeaseholdImprovements2022-07-012023-06-30SC159264ns10:Originalns5:PlantMachinery2022-07-012023-06-30SC159264ns10:Originalns5:FurnitureFittings2022-07-012023-06-30SC159264ns10:Originalns5:MotorVehicles2022-07-012023-06-30SC159264ns10:Originalns5:ComputerEquipment2022-07-012023-06-30SC159264ns10:Original2021-07-012022-06-30SC159264ns10:Originalns5:LeaseholdImprovements2022-06-30SC159264ns10:Originalns5:PlantMachinery2022-06-30SC159264ns10:Originalns5:FurnitureFittings2022-06-30SC159264ns10:Originalns5:LeaseholdImprovements2023-06-30SC159264ns10:Originalns5:PlantMachinery2023-06-30SC159264ns10:Originalns5:FurnitureFittings2023-06-30SC159264ns10:Originalns5:LeaseholdImprovements2022-06-30SC159264ns10:Originalns5:PlantMachinery2022-06-30SC159264ns10:Originalns5:FurnitureFittings2022-06-30SC159264ns10:Originalns5:MotorVehicles2022-06-30SC159264ns10:Originalns5:ComputerEquipment2022-06-30SC159264ns10:Original2022-06-30SC159264ns10:Originalns5:MotorVehicles2023-06-30SC159264ns10:Originalns5:ComputerEquipment2023-06-30SC159264ns10:Originalns5:MotorVehicles2022-06-30SC159264ns10:Originalns5:ComputerEquipment2022-06-30SC159264ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC159264ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30SC159264ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-30SC159264ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-30SC159264ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30SC159264ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-30SC159264ns10:Originalns5:DeferredTaxation2022-06-30SC159264ns10:Originalns5:DeferredTaxation2022-07-012023-06-30SC159264ns10:Originalns5:DeferredTaxation2023-06-30SC159264ns10:Originalns10:OrdinaryShareClass12023-06-30SC159264ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC159264ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: SC159264 (Scotland)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TRUMP DEVELOPMENTS LIMITED

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

TRUMP DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Mrs R P Brown
J P Brown



SECRETARY: Mrs R P Brown



REGISTERED OFFICE: 16 Royal Terrace
Glasgow
G3 7NY



REGISTERED NUMBER: SC159264 (Scotland)



ACCOUNTANTS: Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY



BANKERS: The Royal Bank of Scotland
Glasgow Parkhead Branch
1304 Duke Street
Glasgow
G31 5PZ

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,288 66,068

CURRENT ASSETS
Debtors 5 165,077 183,113
Investments 6 23,293 23,129
Cash at bank 94,452 83,285
282,822 289,527
CREDITORS
Amounts falling due within one year 7 283,134 175,853
NET CURRENT (LIABILITIES)/ASSETS (312 ) 113,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,976

179,742

CREDITORS
Amounts falling due after more than one year 8 (21,582 ) (31,316 )

PROVISIONS FOR LIABILITIES 10 (10,528 ) (13,495 )
NET ASSETS 27,866 134,931

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 26,866 133,931
SHAREHOLDERS' FUNDS 27,866 134,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

BALANCE SHEET - continued
30 June 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 4 January 2024 and were signed on its behalf by:





J P Brown - Director


TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Trump Developments Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash generating unit) is estimated to be less than it's carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation surplus.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 545,729 101,415 84,095
Additions 5,265 736 -
At 30 June 2023 550,994 102,151 84,095
DEPRECIATION
At 1 July 2022 499,107 90,940 75,687
Charge for year 7,782 2,800 1,261
At 30 June 2023 506,889 93,740 76,948
NET BOOK VALUE
At 30 June 2023 44,105 8,411 7,147
At 30 June 2022 46,622 10,475 8,408

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 51,345 43,573 826,157
Additions - 399 6,400
At 30 June 2023 51,345 43,972 832,557
DEPRECIATION
At 1 July 2022 51,248 43,107 760,089
Charge for year 24 313 12,180
At 30 June 2023 51,272 43,420 772,269
NET BOOK VALUE
At 30 June 2023 73 552 60,288
At 30 June 2022 97 466 66,068

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 92,070 85,054
Prepayments and accrued income 73,007 98,059
165,077 183,113

6. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 23,293 23,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 87,807 93,281
Tax - 2,529
Social security and other taxes 2,968 1,934
VAT 43,229 32,890
Tenant Deposits 31,538 29,538
Directors' loan accounts 37,500 -
Accrued expenses 70,092 5,681
283,134 175,853

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 9) 21,582 31,316

9. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,582 21,316

10. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 10,528 13,495

Deferred
tax
£   
Balance at 1 July 2022 13,495
Credit to Income Statement during year (2,967 )
Balance at 30 June 2023 10,528

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

TRUMP DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC159264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

12. RESERVES
Retained
earnings
£   

At 1 July 2022 133,931
Deficit for the year (69,565 )
Dividends (37,500 )
At 30 June 2023 26,866

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TRUMP DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trump Developments Limited for the year ended 30 June 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Trump Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trump Developments Limited and state those matters that we have agreed to state to the Board of Directors of Trump Developments Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trump Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trump Developments Limited. You consider that Trump Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trump Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY


4 January 2024