Company Registration No. 4648394 (England and Wales)
Trouble Properties Ltd
Unaudited accounts
for the year ended 31 January 2024
Trouble Properties Ltd
Unaudited accounts
Contents
Trouble Properties Ltd
Company Information
for the year ended 31 January 2024
Company Number
4648394 (England and Wales)
Registered Office
28 Terminus Road
Sheffield
S7 2LH
Accountants
HART SIMPSON
65 Ward Street
New Tupton
Chesterfield
Derbyshire
S42 6XR
Trouble Properties Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
1,110,882
945,101
Cash at bank and in hand
1,722
1,664
Creditors: amounts falling due within one year
(447,681)
(304,423)
Net current liabilities
(445,959)
(302,759)
Total assets less current liabilities
664,923
642,342
Creditors: amounts falling due after more than one year
(383,747)
(382,759)
Net assets
281,176
259,583
Called up share capital
100
100
Revaluation reserve
308,424
308,424
Profit and loss account
(27,348)
(48,941)
Shareholders' funds
281,176
259,583
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
S D Gough
Director
Company Registration No. 4648394
Trouble Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
Trouble Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 4648394. The registered office is 28 Terminus Road, Sheffield, S7 2LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
849,348
-
307,207
1,156,555
Additions
-
111,231
59,338
170,569
At 31 January 2024
849,348
111,231
366,545
1,327,124
At 1 February 2023
-
-
211,454
211,454
Charge for the year
-
-
4,788
4,788
At 31 January 2024
-
-
216,242
216,242
At 31 January 2024
849,348
111,231
150,303
1,110,882
At 31 January 2023
849,348
-
95,753
945,101
Trouble Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
71,550
96,758
Obligations under finance leases and hire purchase contracts
101,587
-
Taxes and social security
-
1,893
Other creditors
11,793
17,534
Loans from directors
262,401
187,888
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
383,747
382,759
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).