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Registration number: 13459326

Trevelyan Apartments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Trevelyan Apartments Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Trevelyan Apartments Ltd

Company Information

Director

Mr Thomas William White

Registered office

17 Lea Green Business Park
Eurolink
St. Helens
WA9 4TR

Accountants

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Trevelyan Apartments Ltd
for the Year Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trevelyan Apartments Ltd for the year ended 30 April 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Trevelyan Apartments Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Trevelyan Apartments Ltd and state those matters that we have agreed to state to the Board of Directors of Trevelyan Apartments Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trevelyan Apartments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Trevelyan Apartments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Trevelyan Apartments Ltd. You consider that Trevelyan Apartments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trevelyan Apartments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Williamson Croft Accountants Limited
Chartered Certified Accountants
York House
20 York Street
Manchester
M2 3BB

23 March 2024

 

Trevelyan Apartments Ltd

(Registration number: 13459326)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

940,000

386,753

Current assets

 

Debtors

5

197

12,629

Cash at bank and in hand

 

17,093

819

 

17,290

13,448

Creditors: Amounts falling due within one year

6

(11,351)

(124,727)

Net current assets/(liabilities)

 

5,939

(111,279)

Total assets less current liabilities

 

945,939

275,474

Creditors: Amounts falling due after more than one year

6

(919,266)

(290,000)

Provisions for liabilities

(45,987)

-

Net liabilities

 

(19,314)

(14,526)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(19,315)

(14,527)

Shareholders' deficit

 

(19,314)

(14,526)

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.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 March 2024
 

 

Trevelyan Apartments Ltd

(Registration number: 13459326)
Balance Sheet as at 30 April 2023

.........................................
Mr Thomas William White
Director

 

Trevelyan Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
17 Lea Green Business Park
Eurolink
St. Helens
WA9 4TR

These financial statements were authorised for issue by the director on 23 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

Tax

The tax expense for the period comprises deferred 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.

 

Trevelyan Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for rental income in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Trevelyan Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Investment properties

2023
£

At 1 May

386,753

Additions

369,298

Fair value adjustments

183,949

At 30 April

940,000

At the year end the director has valued investment properties held by the company at £940,000 (2022: £386,753). The valuation is based on market values of similar properties in the surrounding area.

If the investment properties had been accounted for under the historic cost accounting rules, the value would be £756,051 (2022: £386,753).

A valuation of the investment property was completed in the year by an independent valuer. The value per the report is £940,000.

5

Debtors

Current

2023
£

2022
£

Other debtors

197

12,629

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

2,159

110,178

Accruals and deferred income

1,966

1,470

Other creditors

7,226

13,079

11,351

124,727

2023
£

2022
£

Due after one year

Other non-current financial liabilities

919,266

290,000

Included within loans and borrowings greater than one year is £919,266 (2022: £290,000). This relates to commercial loans which are secured by way of a fixed charge and negative pledge.

 

Trevelyan Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Share of £1 each

1

1

1

1

         

8

Parent and ultimate parent undertaking

The company's immediate parent is HEC Developments Ltd, incorporated in England and Wales.