IRIS Accounts Production v24.1.9.2 03921807 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039218072022-10-31039218072023-10-31039218072022-11-012023-10-31039218072021-10-31039218072021-11-012022-10-31039218072022-10-3103921807ns15:EnglandWales2022-11-012023-10-3103921807ns14:PoundSterling2022-11-012023-10-3103921807ns10:Director12022-11-012023-10-3103921807ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3103921807ns10:SmallEntities2022-11-012023-10-3103921807ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3103921807ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3103921807ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103921807ns10:FullAccounts2022-11-012023-10-3103921807ns10:Director22022-11-012023-10-3103921807ns10:RegisteredOffice2022-11-012023-10-3103921807ns5:CurrentFinancialInstruments2023-10-3103921807ns5:CurrentFinancialInstruments2022-10-3103921807ns5:ShareCapital2023-10-3103921807ns5:ShareCapital2022-10-3103921807ns5:SharePremium2023-10-3103921807ns5:SharePremium2022-10-3103921807ns5:RevaluationReserve2023-10-3103921807ns5:RevaluationReserve2022-10-3103921807ns5:RetainedEarningsAccumulatedLosses2023-10-3103921807ns5:RetainedEarningsAccumulatedLosses2022-10-3103921807ns5:CostValuation2022-10-3103921807ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3103921807ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3103921807ns5:Secured2023-10-3103921807ns5:Secured2022-10-31
REGISTERED NUMBER: 03921807 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TRANSFIGURE LIMITED

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSFIGURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs VS Browning
Mr JR Browning





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 03921807 (England and Wales)

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 750 750
Investment property 5 6,180,000 2,350,002
6,180,750 2,350,752

CURRENT ASSETS
Debtors 6 225,412 117,550
Cash at bank 54 329
225,466 117,879
CREDITORS
Amounts falling due within one year 7 5,358,428 2,468,512
NET CURRENT LIABILITIES (5,132,962 ) (2,350,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,788

119

PROVISIONS FOR LIABILITIES 382,645 -
NET ASSETS 665,143 119

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Share premium 396,000 396,000
Revaluation reserve 9 1,147,936 -
Retained earnings (894,793 ) (411,881 )
SHAREHOLDERS' FUNDS 665,143 119

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

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

The directors acknowledge their 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.

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:





Mrs VS Browning - Director


TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Transfigure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments are included at cost less residual amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

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 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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 150,000
PROVISIONS
At 1 November 2022
and 31 October 2023 149,250
NET BOOK VALUE
At 31 October 2023 750
At 31 October 2022 750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,350,002
Additions 2,299,417
Revaluations 1,530,581
At 31 October 2023 6,180,000
NET BOOK VALUE
At 31 October 2023 6,180,000
At 31 October 2022 2,350,002

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 6,180,000

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 4,649,419 2,350,002

The investment property was valued on an open market basis on 20 July 2023 by Savills .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Vat repayable 225,412 -
Prepayments - 117,550
225,412 117,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 3,824,805 1,324,333
Trade creditors 75,530 203,219
Amounts owed to group undertakings 1,455,625 939,842
Other creditors 618 618
Accruals and deferred income 1,850 500
5,358,428 2,468,512

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 3,824,805 1,324,333

MSP Capital Ltd holds a fixed and floating charge over all property and undertakings of the company.

9. RESERVES
Revaluation
reserve
£   
Revaluation in year 1,147,936

At 31 October 2023 1,147,936

TRANSFIGURE LIMITED (REGISTERED NUMBER: 03921807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. ULTIMATE PARENT UNDERTAKING

The company's ultimate parent undertaking is Austen George Holdings Limited. The registered office address of Austen George Holdings Limited is Granville Hall, Granville Road, Leicester, LE1 7RU and the principal place of business of Austen George Holdings Limited is The Old Dairy, Little Stretton, Leicester, LE2 2FQ.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.