Silverfin false 30/04/2023 01/05/2022 30/04/2023 J C G Wallington 09/04/2020 J E Wallington 09/04/2020 28 March 2024 The principal activity of the Company during the financial year was that of letting real estate. 12552883 2023-04-30 12552883 bus:Director1 2023-04-30 12552883 bus:Director2 2023-04-30 12552883 2022-04-30 12552883 core:CurrentFinancialInstruments 2023-04-30 12552883 core:CurrentFinancialInstruments 2022-04-30 12552883 core:ShareCapital 2023-04-30 12552883 core:ShareCapital 2022-04-30 12552883 core:RetainedEarningsAccumulatedLosses 2023-04-30 12552883 core:RetainedEarningsAccumulatedLosses 2022-04-30 12552883 core:OtherPropertyPlantEquipment 2022-04-30 12552883 core:OtherPropertyPlantEquipment 2023-04-30 12552883 2022-05-01 2023-04-30 12552883 bus:FullAccounts 2022-05-01 2023-04-30 12552883 bus:SmallEntities 2022-05-01 2023-04-30 12552883 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12552883 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12552883 bus:Director1 2022-05-01 2023-04-30 12552883 bus:Director2 2022-05-01 2023-04-30 12552883 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-30 12552883 2021-05-01 2022-04-30 12552883 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 12552883 (England and Wales)

TRAILBLAZERS PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

TRAILBLAZERS PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

TRAILBLAZERS PROPERTY LIMITED

BALANCE SHEET

As at 30 April 2023
TRAILBLAZERS PROPERTY LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 663 938
Investment property 4 897,821 897,821
898,484 898,759
Current assets
Cash at bank and in hand 8,256 41,691
8,256 41,691
Creditors: amounts falling due within one year 5 ( 843,417) ( 912,581)
Net current liabilities (835,161) (870,890)
Total assets less current liabilities 63,323 27,869
Net assets 63,323 27,869
Capital and reserves
Called-up share capital 100 100
Profit and loss account 63,223 27,769
Total shareholders' funds 63,323 27,869

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trailblazers Property Limited (registered number: 12552883) were approved and authorised for issue by the Board of Directors on 28 March 2024. They were signed on its behalf by:

J C G Wallington
Director
TRAILBLAZERS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
TRAILBLAZERS PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trailblazers Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Higher Herringston Farmhouse, Herringston, Dorchester, DT2 9PU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the rental of the investment property in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 1,098 1,098
At 30 April 2023 1,098 1,098
Accumulated depreciation
At 01 May 2022 160 160
Charge for the financial year 275 275
At 30 April 2023 435 435
Net book value
At 30 April 2023 663 663
At 30 April 2022 938 938

4. Investment property

Investment property
£
Valuation
As at 01 May 2022 897,821
As at 30 April 2023 897,821

Valuation

The investment properties were recorded at cost on 16 June 2021 by the directors on an open market basis. The directors have considered the valuation of the investment property at the balance sheet date and have concluded that
it remains materially correct.

There has been no valuation of the investment property by an independent valuer.

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,340 0
Taxation and social security 12,812 10,058
Other creditors 828,265 902,523
843,417 912,581