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REGISTERED NUMBER: 00258758 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

TROWLOCK ISLAND LIMITED

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

TROWLOCK ISLAND LIMITED

Company Information
for the year ended 31 December 2023







Directors: C Granville-West
A Aron
R M Jones
J Turner





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 00258758 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,200 2,160
Investment property 5 10,000 10,000
11,200 12,160

Current assets
Debtors 6 13,660 22,609
Cash at bank 245,054 229,775
258,714 252,384
Creditors
Amounts falling due within one year 7 18,584 17,390
Net current assets 240,130 234,994
Total assets less current liabilities 251,330 247,154

Capital and reserves
Called up share capital 8 275 275
Fair value reserve 9,999 9,999
Retained earnings 241,056 236,880
Shareholders' funds 251,330 247,154

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.

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

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 Profit and Loss Account has not been delivered.

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




A Aron - Director



C Granville-West - Director


TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Trowlock Island 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the relevant information including the annual budget, and in response to Covid-19, have considered the company's available resources and ability to continue to operate for the foreseeable future. Based on these assessments, the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in determining fair value for investment property. The value of investment property is reviewed by management annually. Whilst every attempt is made to ensure that the valuation is as accurate as possible, there remains a risk that the carrying value does not match the transaction price that would have been receivable in an arm's length exchange at the balance sheet date.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Turnover
Turnover is derived from the company's principal activity, being the operation and maintenance of Trowlock Island.

Turnover represents amounts receivable for moorings and service charges provided in the normal course of business net of any discounts and sales-related taxes. Turnover is recognised when the company has a legal right to the income and the amount can be quantified with reasonable accuracy.

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Buildings - 5% per annum on cost
Plant & machinery - 25% per annum on cost

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.

The cumulative aggregate value of unrealised gains and losses on investment property are disclosed as Fair Value Reserves to distinguish them as undistributable profit and loss reserves.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Grant income
Grant income is recognised under the accrual model of Financial Reporting Standard 102.

Grant income is recognised in the profit and loss account on a systematic basis over the period in
which the company recognises the related costs for which the grant is intended to compensate.

3. Employees and directors

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

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Freehold Plant and
property machinery Totals
£ £ £
Cost
At 1 January 2023
and 31 December 2023 6,860 40,163 47,023
Depreciation
At 1 January 2023 6,860 38,003 44,863
Charge for year - 960 960
At 31 December 2023 6,860 38,963 45,823
Net book value
At 31 December 2023 - 1,200 1,200
At 31 December 2022 - 2,160 2,160

5. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 10,000
Net book value
At 31 December 2023 10,000
At 31 December 2022 10,000

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 10,086 14,269
Prepayments 3,574 8,340
13,660 22,609

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 421 740
Accruals and deferred income 18,163 16,650
18,584 17,390

TROWLOCK ISLAND LIMITED (REGISTERED NUMBER: 00258758)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
5,500 Ordinary 0.05 275 275

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Trowlock Island Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trowlock Island Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Trowlock Island Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trowlock Island Limited and state those matters that we have agreed to state to the Board of Directors of Trowlock Island Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trowlock Island Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trowlock Island Limited. You consider that Trowlock Island Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trowlock Island Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


19 September 2024