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REGISTERED NUMBER: 02120921 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Trott Developments Limited

Trott Developments Limited (Registered number: 02120921)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trott Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P C Trott



SECRETARY: Mrs G S Trott



REGISTERED OFFICE: 37 Mousehold Lane
Norwich
Norfolk
NR7 8HL



REGISTERED NUMBER: 02120921 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



SOLICITORS: Norton Legal
Unit 8
Beech Avenue
Taverham
Norwich
NR8 6HW

Trott Developments Limited (Registered number: 02120921)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 877 1,506
Investment property 5 595,000 595,000
595,877 596,506

CURRENT ASSETS
Debtors 6 3,800 10,847
Cash at bank 148,926 139,303
152,726 150,150
CREDITORS
Amounts falling due within one year 7 5,965 5,218
NET CURRENT ASSETS 146,761 144,932
TOTAL ASSETS LESS CURRENT LIABILITIES 742,638 741,438

PROVISIONS FOR LIABILITIES 8 81,046 81,046
NET ASSETS 661,592 660,392

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 10 326,181 326,181
Retained earnings 335,409 334,209
SHAREHOLDERS' FUNDS 661,592 660,392

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 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.

Trott Developments Limited (Registered number: 02120921)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





P C Trott - Director


Trott Developments Limited (Registered number: 02120921)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Trott Developments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

When the outcome of a transaction can be estimated reliably, turnover from management and maintenance services is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to the date the service is provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is carried at fair value determined annually by the director or based on professional valuations where undertaken in the year. No depreciation is provided. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and recorded in the non-distributable fair value reserve.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are payable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.


Trott Developments Limited (Registered number: 02120921)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,932 1,773 6,705
DEPRECIATION
At 1 January 2023 4,854 345 5,199
Charge for year 38 591 629
At 31 December 2023 4,892 936 5,828
NET BOOK VALUE
At 31 December 2023 40 837 877
At 31 December 2022 78 1,428 1,506

Trott Developments Limited (Registered number: 02120921)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 595,000
NET BOOK VALUE
At 31 December 2023 595,000
At 31 December 2022 595,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2001 230,000
Valuation in 2003 50,000
Valuation in 2005 80,000
Valuation in 2014 (175,000 )
Valuation in 2021 222,227
Cost 187,773
595,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 187,773 187,773

Investment properties were valued on an open market basis on 31 December 2023 by the director, P C Trott .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 981
Other debtors 3,800 9,866
3,800 10,847

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,805 903
Taxation and social security 722 1,168
Other creditors 3,438 3,147
5,965 5,218

Trott Developments Limited (Registered number: 02120921)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Revalued investment property 81,046 81,046

Deferred
tax
£   
Balance at 1 January 2023 81,046
Balance at 31 December 2023 81,046

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 326,181