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REGISTERED NUMBER: 03687008 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

T.R.C. Management Limited

T.R.C. Management Limited (Registered number: 03687008)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


T.R.C. Management Limited (Registered number: 03687008)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 9,148
Tangible assets 5 3,490 4,786
Investments 6 700,646 641,468
704,136 655,402

CURRENT ASSETS
Debtors 7 19,776 42,746
Cash at bank 268,462 276,701
288,238 319,447
CREDITORS
Amounts falling due within one year 8 (10,853 ) (16,044 )
NET CURRENT ASSETS 277,385 303,403
TOTAL ASSETS LESS CURRENT LIABILITIES 981,521 958,805

PROVISIONS FOR LIABILITIES (9,948 ) (5,081 )
NET ASSETS 971,573 953,724

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 42,411 21,661
Retained earnings 929,062 931,963
SHAREHOLDERS' FUNDS 971,573 953,724

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 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.

T.R.C. Management Limited (Registered number: 03687008)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:





Mr P D Chadwick - Director


T.R.C. Management Limited (Registered number: 03687008)

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

1. STATUTORY INFORMATION

T.R.C. Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03687008

Registered office: Penplannau
Moelfre
Oswestry
Shropshire
SY10 7QL

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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Music rights are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 and 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.


T.R.C. Management Limited (Registered number: 03687008)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Music
rights
£   
COST
At 1 January 2023
and 31 December 2023 45,742
AMORTISATION
At 1 January 2023 36,594
Amortisation for year 9,148
At 31 December 2023 45,742
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 9,148

T.R.C. Management Limited (Registered number: 03687008)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 9,782 9,097 4,352 1,965 25,196
DEPRECIATION
At 1 January 2023 7,199 8,886 3,015 1,310 20,410
Charge for year 387 53 201 655 1,296
At 31 December 2023 7,586 8,939 3,216 1,965 21,706
NET BOOK VALUE
At 31 December 2023 2,196 158 1,136 - 3,490
At 31 December 2022 2,583 211 1,337 655 4,786

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 641,468
Additions 266,538
Disposals (232,577 )
Revaluations 25,217
At 31 December 2023 700,646
NET BOOK VALUE
At 31 December 2023 700,646
At 31 December 2022 641,468

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2017 7,219
Valuation in 2018 (16,203 )
Valuation in 2019 94,374
Valuation in 2020 (7,451 )
Valuation in 2021 25,933
Valuation in 2022 (77,129 )
Valuation in 2023 25,616
Cost 648,287
700,646

T.R.C. Management Limited (Registered number: 03687008)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,756 3
Other debtors 15,020 42,743
19,776 42,746

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 407 443
Taxation and social security 5,134 10,156
Other creditors 5,312 5,445
10,853 16,044

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 21,661
Revaluation in year 20,750

At 31 December 2023 42,411