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REGISTERED NUMBER: 11158871 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Trackside Business Parks Ltd

Trackside Business Parks Ltd (Registered number: 11158871)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trackside Business Parks Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: H Curtis





SECRETARY: Mrs H Eslor





REGISTERED OFFICE: Livers Farm
Preston Road
Hedon
Hull
East Yorkshire
HU12 8JU





REGISTERED NUMBER: 11158871 (England and Wales)





ACCOUNTANTS: WOODGATES
Chartered Accountants
25 Woodgates Lane
North Ferriby
East Yorkshire
HU14 3JR

Trackside Business Parks Ltd (Registered number: 11158871)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 675,510 675,510
Debtors 4 287,356 176,505
Cash at bank 72,020 157,527
1,034,886 1,009,542
CREDITORS
Amounts falling due within one year 5 586,999 174,741
NET CURRENT ASSETS 447,887 834,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,887

834,801

CREDITORS
Amounts falling due after more than one
year

6

-

451,852
NET ASSETS 447,887 382,949

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 447,883 382,945
447,887 382,949

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

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

Trackside Business Parks Ltd (Registered number: 11158871)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2024 and were signed by:





H Curtis - Director


Trackside Business Parks Ltd (Registered number: 11158871)

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

1. STATUTORY INFORMATION

Trackside Business Parks Ltd 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.

Turnover
Turnover represents rents receivable and sales of properties held as stock.

Rents receivable are recognised for the period to which they relate.

Property sales are recognised on legal completion.

Stocks
Properties held for resale and redevelopment are held as stock and are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Trackside Business Parks Ltd (Registered number: 11158871)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 53,159 20,917
Other debtors 234,197 155,588
287,356 176,505

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 450,206 27,175
Trade creditors 42,385 15,100
Taxation and social security 47,906 86,803
Other creditors 46,502 45,663
586,999 174,741

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 451,852

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 450,206 479,027

The bank loans are secured by legal charges over the assets of the Company.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
H Curtis
Balance outstanding at start of year 139,552 49,342
Amounts advanced 38,162 90,210
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 177,714 139,552

Trackside Business Parks Ltd (Registered number: 11158871)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Interest was charged on the overdrawn directors loan balance at HMRC's official rate.

9. RELATED PARTY DISCLOSURES

At 31 December 2023 £7,000 (2022 - £7,000) was owed to Curport Properties Limited (a Company under the Control of H Curtis). The loan is interest free and repayable on demand.

At 31 December 2023 £10,000 (2022 - Nil) was owed from Heathvine Properties Limited (a Company under the Control of H Curtis). The loan is interest free and repayable on demand.