REGISTERED NUMBER: |
TREGO DEVELOPMENTS LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
REGISTERED NUMBER: |
TREGO DEVELOPMENTS LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
TREGO DEVELOPMENTS LTD (REGISTERED NUMBER: 13117684) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TREGO DEVELOPMENTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
69 High Street |
Southgate |
London |
N14 6LD |
TREGO DEVELOPMENTS LTD (REGISTERED NUMBER: 13117684) |
BALANCE SHEET |
31 MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
Current assets |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 5 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
6 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
TREGO DEVELOPMENTS LTD (REGISTERED NUMBER: 13117684) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | Statutory information |
Trego Developments Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
The property which is currently under development is recorded as Stock. Such stock is valued at the lower of cost and net realisable value. |
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. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Debtors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
VAT |
5. | Creditors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Other creditors |
Included in the other creditors is a loan of £11,377,545(2023-£7,372,708) from a company controlled by the director. Such loan is repayable on demand and no interest has been charged during the financial year. |
TREGO DEVELOPMENTS LTD (REGISTERED NUMBER: 13117684) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | Creditors: amounts falling due after more than one year |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary Shares | 1 | 100 | 100 |
8. | Related party disclosures |
During the financial year the company has paid £10,794,136 to another company under the common control for the property development works. |
9. | Ultimate controlling party |
The controlling party is Mr Cumhur Kantarci. |