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REGISTERED NUMBER: 01352664 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TRESEFIR LIMITED

TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRESEFIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr D Spence
Mr G Parkinson





REGISTERED OFFICE: 3 Isis Court
Wyndyke Furlong
Abingdon
Oxfordshire
OX14 1DZ





REGISTERED NUMBER: 01352664 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,587 2,846
Investment property 6 11,637,787 11,058,350
11,653,374 11,061,196

CURRENT ASSETS
Stocks 2,559 2,500
Debtors 7 30,904 47,482
Cash at bank 75,574 751,911
109,037 801,893
CREDITORS
Amounts falling due within one year 8 236,524 232,901
NET CURRENT (LIABILITIES)/ASSETS (127,487 ) 568,992
TOTAL ASSETS LESS CURRENT LIABILITIES 11,525,887 11,630,188

CREDITORS
Amounts falling due after more than one
year

9

(2,792,842

)

(2,805,946

)

PROVISIONS FOR LIABILITIES (1,058,902 ) (1,058,902 )
NET ASSETS 7,674,143 7,765,340

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 5,548,211 5,548,211
Retained earnings 12 2,125,832 2,217,029
SHAREHOLDERS' FUNDS 7,674,143 7,765,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

BALANCE SHEET - continued
31 JANUARY 2024


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 April 2024 and were signed on its behalf by:





Mr G Parkinson - Director


TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Tresefir 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Fair value of the properties is obtained by a professional valuer.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 54,456
Additions 17,037
Disposals (25,954 )
At 31 January 2024 45,539
DEPRECIATION
At 1 February 2023 51,610
Charge for year 2,554
Eliminated on disposal (24,212 )
At 31 January 2024 29,952
NET BOOK VALUE
At 31 January 2024 15,587
At 31 January 2023 2,846

TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 11,058,350
Additions 579,437
At 31 January 2024 11,637,787
NET BOOK VALUE
At 31 January 2024 11,637,787
At 31 January 2023 11,058,350


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208 1,755
Other debtors 30,696 45,727
30,904 47,482

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 193,287 193,287
Trade creditors 38,876 28,142
Taxation and social security 1,893 9,147
Other creditors 2,468 2,325
236,524 232,901

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,792,842 2,805,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,019,693 2,032,797

TRESEFIR LIMITED (REGISTERED NUMBER: 01352664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,986,129 2,999,233

Barclays Bank holds a fixed and floating charge over the company's property and undertakings.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 2,217,029 5,548,211 7,765,240
Deficit for the year (91,197 ) (91,197 )
At 31 January 2024 2,125,832 5,548,211 7,674,043

The gains shown in the revaluation reserve relate to the revaluation of the company's properties. These gains are after a deferred tax provision.