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Registration number: 09444893

Tradeclear 2015 Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Tradeclear 2015 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tradeclear 2015 Limited

(Registration number: 09444893)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

250,000

250,000

Current assets

 

Debtors

5

2,514

2,534

Cash at bank and in hand

 

2,565

6,074

 

5,079

8,608

Creditors: Amounts falling due within one year

6

(63,745)

(78,040)

Net current liabilities

 

(58,666)

(69,432)

Total assets less current liabilities

 

191,334

180,568

Provisions for liabilities

(33,381)

(25,369)

Net assets

 

157,953

155,199

Capital and reserves

 

Called up share capital

7

100

100

Revaluation reserve

118,111

118,111

Retained earnings

39,742

36,988

Shareholders' funds

 

157,953

155,199

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

Directors' 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 Directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2024 and signed on its behalf by:
 

.........................................
Mrs D Bright
Company secretary and director

 

Tradeclear 2015 Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Links House Estate Road 2
South Humberside Industrial Estate
Grimsby
North East Lincolnshire
DN31 2TG

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. This is the first year the company has adopted FRS 102 Section 1A.

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 and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

 

Tradeclear 2015 Limited

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

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluations is transferred to the revaluation reseve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or ammortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Investment Properties
£

Total
£

Cost or valuation

At 1 December 2022

250,000

250,000

At 30 November 2023

250,000

250,000

Depreciation

Carrying amount

At 30 November 2023

250,000

250,000

At 30 November 2022

250,000

250,000

Included within the net book value of land and buildings above is £250,000 (2022 - £250,000) in respect of long leasehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Prepayments

2,514

2,534

 

2,514

2,534

 

Tradeclear 2015 Limited

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

55

Taxation and social security

3,784

3,701

Accruals and deferred income

4,711

4,534

Other creditors

55,250

69,750

63,745

78,040

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100