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Trewan Hall Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 October 2023

Registration number: 00689358

 

Trewan Hall Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Trewan Hall Limited

Balance Sheet

31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,029,988

1,060,640

Current assets

 

Stocks

15,108

14,306

Debtors

5

11,598

18,194

Cash at bank and in hand

 

1,246,664

1,189,047

 

1,273,370

1,221,547

Creditors: Amounts falling due within one year

6

(128,496)

(177,276)

Net current assets

 

1,144,874

1,044,271

Total assets less current liabilities

 

2,174,862

2,104,911

Provisions for liabilities

(76,790)

(62,529)

Net assets

 

2,098,072

2,042,382

Capital and reserves

 

Called up share capital

7

13,300

13,300

Share premium reserve

138,085

138,085

Profit and loss account

1,946,687

1,890,997

Shareholders' funds

 

2,098,072

2,042,382

 

Trewan Hall Limited

Balance Sheet

31 October 2023

For the financial year ending 31 October 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 March 2024 and signed on its behalf by:
 

.........................................
J M Mitchell
Director

Company Registration Number: 00689358

 

Trewan Hall Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trewan Hall
St Columb Major
Cornwall
TR9 6DB

These financial statements were authorised for issue by the Board on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of camping and leisure activities and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Trewan Hall Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5% straight line/ 5%-33% reducing balance

Buildings

5% reducing balance

Motor vehicles

25% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Trewan Hall Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 11).

 

Trewan Hall Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

4

Tangible assets

Freehold land and buildings
£

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

863,033

11,450

826,397

1,700,880

Additions

492

-

-

492

Disposals

(2,750)

-

-

(2,750)

At 31 October 2023

860,775

11,450

826,397

1,698,622

Depreciation

At 1 November 2022

86,289

11,450

542,501

640,240

Charge for the year

5,819

-

22,575

28,394

At 31 October 2023

92,108

11,450

565,076

668,634

Carrying amount

At 31 October 2023

768,667

-

261,321

1,029,988

At 31 October 2022

776,747

-

283,893

1,060,640

5

Debtors

2023
£

2022
£

Other debtors

11,598

18,194

11,598

18,194

 

Trewan Hall Limited

Notes to the Unaudited Financial Statements

Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

(996)

Corporation tax

69,810

54,212

Taxation and social security

20,555

74,347

Other creditors

2,393

12,221

Accruals and deferred income

35,738

37,492

128,496

177,276

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

13,300

13,300

13,300

13,300