Year Ended
Registration number:
Trethella No. 1
Contents
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Trethella No. 1
Balance Sheet
31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Other financial assets |
3,001,878 |
2,858,002 |
|
Current assets |
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Debtors |
|
|
|
Cash at bank and in hand |
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|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
|
Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
|
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Provisions for liabilities |
( |
( |
|
Net assets |
|
|
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Capital and reserves |
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Called up share capital |
1,800,064 |
1,800,064 |
|
Capital redemption reserve |
36 |
36 |
|
Profit and loss account |
1,045,669 |
905,056 |
|
Shareholders' funds |
2,845,769 |
2,705,156 |
Trethella No. 1
Balance Sheet
31 December 2023
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 09870624
Trethella No. 1
Statement of Changes in Equity
Year Ended 31 December 2023
Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
|
At 1 January 2023 |
|
|
|
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Profit for the year |
- |
- |
|
|
At 31 December 2023 |
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|
|
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There are reserves of £643,531 (2022: £563,168) which are not distributable to members of the company.
Share capital |
Capital redemption reserve |
Profit and loss account |
Total |
|
At 1 January 2022 |
|
- |
|
|
Loss for the year |
- |
- |
( |
( |
Purchase of own share capital |
(36) |
36 |
(108,000) |
(108,000) |
At 31 December 2022 |
1,800,064 |
36 |
905,056 |
2,705,156 |
Trethella No. 1
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for investments which are recognised at their fair value as at the balance sheet date. No account has been taken for any changes to the fair valuation since the balance sheet date or any impact of the Corona Virus.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
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
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 corporation 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.
Trethella No. 1
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred 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.
Financial instruments
Classification
• Short term other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Trethella No. 1
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
Taxation |
Tax charged/(credited) in the profit and loss account
31 December |
31 December |
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Current taxation |
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UK corporation tax |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
|
( |
Tax expense/(receipt) in the income statement |
|
( |
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
At 1 January 2023 |
2,858,002 |
2,858,002 |
Fair value adjustments |
85,137 |
85,137 |
Additions |
58,739 |
58,739 |
At 31 December 2023 |
3,001,878 |
3,001,878 |
Carrying amount |
||
At 31 December 2023 |
|
3,001,878 |
The market value of the listed investments at 31 December 2023 was £3,001,878(2022: £2,858,002). The cost value at 31 December 2023 was £2,194,789 (2022: £2,136,051).
Debtors |
2023 |
2022 |
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Other debtors |
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Trethella No. 1
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Accruals and deferred income |
|
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
64 |
|
64 |
|
|
360,000 |
|
360,000 |
|
|
360,000 |
|
360,000 |
|
|
360,000 |
|
360,000 |
|
|
360,000 |
|
360,000 |
|
|
360,000 |
|
360,000 |
|
|
|
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