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REGISTERED NUMBER: 03591960 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Trent House (Ipswich) Limited

Trent House (Ipswich) Limited (Registered number: 03591960)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trent House (Ipswich) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: PHH Wheaton





SECRETARY: PHH Wheaton





REGISTERED OFFICE: Handel House
Roselawn Fields
Chelmsford
Essex
CM1 7GB





REGISTERED NUMBER: 03591960 (England and Wales)





ACCOUNTANTS: Barnes Wedge Limited
Chartered Accountants
Handel House
Roselawn Fields
Chelmsford
Essex
CM1 7GB

Trent House (Ipswich) Limited (Registered number: 03591960)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 975,000 975,000
975,001 975,001

CURRENT ASSETS
Debtors 6 7,118 15,800
Investments 7 450,502 342,176
Cash at bank 121,787 144,913
579,407 502,889
CREDITORS
Amounts falling due within one year 8 64,672 30,045
NET CURRENT ASSETS 514,735 472,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,489,736

1,447,845

PROVISIONS FOR LIABILITIES 73,996 73,996
NET ASSETS 1,415,740 1,373,849

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 315,456 315,456
Retained earnings 9 1,100,184 1,058,293
SHAREHOLDERS' FUNDS 1,415,740 1,373,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Trent House (Ipswich) Limited (Registered number: 03591960)

Balance Sheet - continued
31 July 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 director and authorised for issue on 8 March 2024 and were signed by:





PHH Wheaton - Director


Trent House (Ipswich) Limited (Registered number: 03591960)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Trent House (Ipswich) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rental income on an accruals basis.

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view as this property is held for investment not consumption. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

Trent House (Ipswich) Limited (Registered number: 03591960)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 975,000
NET BOOK VALUE
At 31 July 2023 975,000
At 31 July 2022 975,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 389,452
Valuation in 2018 75,000
Valuation in 2022 (75,000 )
Cost 585,548
975,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 585,548 585,548

The investment property was valued on a fair value basis on 31 July 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 7,118 15,800

7. CURRENT ASSET INVESTMENTS

The market value of the investment portfolio at the year ended was £463,598 (2022; £373,698).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 8,062 7,344
Other creditors 56,610 22,701
64,672 30,045

Trent House (Ipswich) Limited (Registered number: 03591960)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 1,058,293 315,456 1,373,749
Profit for the year 44,041 - 44,041
Dividends (2,150 ) - (2,150 )
At 31 July 2023 1,100,184 315,456 1,415,640

10. ULTIMATE CONTROLLING PARTY

The controlling party is PHH Wheaton.