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REGISTERED NUMBER: 00440768 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TEWKESBURY TRADING ESTATE LIMITED

TEWKESBURY TRADING ESTATE LIMITED (REGISTERED NUMBER: 00440768)






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

Chartered accountants' report 6

TEWKESBURY TRADING ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTORS: Mr R S Martin
Mr M J Martin
Ms A P Martin





REGISTERED OFFICE: Hawthorn House
49 Queens Road
Cheltenham
Glos.
GL50 2LX





REGISTERED NUMBER: 00440768 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

TEWKESBURY TRADING ESTATE LIMITED (REGISTERED NUMBER: 00440768)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,814 36,116
Investment property 5 1,210,000 1,210,000
1,245,814 1,246,116

CURRENT ASSETS
Debtors 6 62,107 13,592
Cash at bank 53,170 82,709
115,277 96,301
CREDITORS
Amounts falling due within one year 7 23,691 25,019
NET CURRENT ASSETS 91,586 71,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,337,400

1,317,398

PROVISIONS FOR LIABILITIES 268,941 269,017
NET ASSETS 1,068,459 1,048,381

CAPITAL AND RESERVES
Called up share capital 2,700 2,700
Fair value reserve 869,985 869,985
Retained earnings 195,774 175,696
SHAREHOLDERS' FUNDS 1,068,459 1,048,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 21 September 2024 and were signed on its behalf by:



Mr R S Martin - Director


TEWKESBURY TRADING ESTATE LIMITED (REGISTERED NUMBER: 00440768)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. STATUTORY INFORMATION

Tewkesbury Trading Estate 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

GOVERNMENT GRANTS
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TEWKESBURY TRADING ESTATE LIMITED (REGISTERED NUMBER: 00440768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 34,104 26,324 60,428
DEPRECIATION
At 1 April 2023 - 24,312 24,312
Charge for year - 302 302
At 31 March 2024 - 24,614 24,614
NET BOOK VALUE
At 31 March 2024 34,104 1,710 35,814
At 31 March 2023 34,104 2,012 36,116

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,210,000
NET BOOK VALUE
At 31 March 2024 1,210,000
At 31 March 2023 1,210,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 135,944 135,944

Investment property was valued on an open market basis in November 2018 by John Ryde Commercial. The director considers that there was no movement in the fair value of investment property between November 2018 and 31 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,153 8,599
Other debtors 911 911
Prepayments and accrued income 48,811 -
Prepayments 4,232 4,082
62,107 13,592

TEWKESBURY TRADING ESTATE LIMITED (REGISTERED NUMBER: 00440768)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,966 (86 )
Tax 8,985 13,554
Social security and other taxes 200 152
VAT 1,307 2,326
Other creditors 330 270
Accrued expenses 8,903 8,803
23,691 25,019

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TEWKESBURY TRADING ESTATE 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 Tewkesbury Trading Estate Limited for the year ended 31 March 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tewkesbury Trading Estate 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 Tewkesbury Trading Estate Limited and state those matters that we have agreed to state to the Board of Directors of Tewkesbury Trading Estate Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tewkesbury Trading Estate Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tewkesbury Trading Estate 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 Tewkesbury Trading Estate Limited. You consider that Tewkesbury Trading Estate 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 Tewkesbury Trading Estate 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.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


21 September 2024