0 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 561,631 561,631 561,631 xbrli:pure xbrli:shares iso4217:GBP 13501373 2022-08-01 2024-01-31 13501373 2024-01-31 13501373 2022-07-31 13501373 2022-07-31 13501373 bus:Director1 2022-08-01 2024-01-31 13501373 core:WithinOneYear 2022-07-31 13501373 core:AfterOneYear 2024-01-31 13501373 core:AfterOneYear 2022-07-31 13501373 core:ShareCapital 2024-01-31 13501373 core:ShareCapital 2022-07-31 13501373 core:RetainedEarningsAccumulatedLosses 2024-01-31 13501373 core:RetainedEarningsAccumulatedLosses 2022-07-31 13501373 bus:SmallEntities 2022-08-01 2024-01-31 13501373 bus:AuditExemptWithAccountantsReport 2022-08-01 2024-01-31 13501373 bus:FullAccounts 2022-08-01 2024-01-31 13501373 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2024-01-31 13501373 bus:PrivateLimitedCompanyLtd 2022-08-01 2024-01-31 13501373 core:InvestmentPropertyIncludedWithinPPE 2022-07-31 13501373 core:InvestmentPropertyIncludedWithinPPE 2022-08-01 2024-01-31
COMPANY REGISTRATION NUMBER: 13501373
Tracken Limited
Filleted Unaudited Financial Statements
31 January 2024
Tracken Limited
Balance Sheet
31 January 2024
31 Jan 24
31 Jul 22
Note
£
£
£
£
Fixed assets
Tangible assets
4
561,631
Current assets
Debtors
5
290
Cash at bank and in hand
8,417
----
-------
8,707
Creditors: amounts falling due within one year
6
( 217)
----
-------
Net current assets
8,490
----
---------
Total assets less current liabilities
570,121
Creditors: amounts falling due after more than one year
7
( 86,637)
( 572,425)
--------
---------
Net liabilities
( 86,637)
( 2,304)
--------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 86,737)
( 2,404)
--------
-------
Shareholders deficit
( 86,637)
( 2,304)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tracken Limited
Balance Sheet (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
Mr H J T Whittaker
Director
Company registration number: 13501373
Tracken Limited
Notes to the Financial Statements
Period from 1 August 2022 to 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Forge, Bowling Green Yard, Kirkgate, Knaresborough, North Yorkshire, HG5 8FL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received and represents rental income recognised on a monthly basis in accordance with the rental agreements in place and before the deduction of agent's commission.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and related parties.
4. Tangible assets
Investment properties
£
Cost
At 1 August 2022
561,631
Disposals
( 561,631)
---------
At 31 January 2024
---------
Depreciation
At 1 August 2022 and 31 January 2024
---------
Carrying amount
At 31 January 2024
---------
At 31 July 2022
561,631
---------
5. Debtors
31 Jan 24
31 Jul 22
£
£
Other debtors
290
----
----
6. Creditors: amounts falling due within one year
31 Jan 24
31 Jul 22
£
£
Other creditors
217
----
----
7. Creditors: amounts falling due after more than one year
31 Jan 24
31 Jul 22
£
£
Other creditors
86,637
572,425
--------
---------