Registered number
11712747
Tredington Estates Limited
Filleted Accounts
31 May 2024
Tredington Estates Limited
Registered number: 11712747
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 400,000 400,000
Current assets
Debtors 4 - 8,420
Cash at bank and in hand 36,359 684
36,359 9,104
Creditors: amounts falling due within one year 5 (143,531) (133,675)
Net current liabilities (107,172) (124,571)
Total assets less current liabilities 292,828 275,429
Creditors: amounts falling due after more than one year 6 (150,000) (163,272)
Provisions for liabilities (16,663) -
Net assets 126,165 112,157
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 52,989 69,652
Profit and loss account 73,174 42,503
Shareholders' funds 126,165 112,157
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Cochrane
Director
Approved by the board on 30 June 2024
Tredington Estates Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 400,000
At 31 May 2024 400,000
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 400,000
At 31 May 2023 400,000
4 Debtors 2024 2023
£ £
Trade debtors - 8,420
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 10,841 6,067
Other creditors 132,690 127,608
143,531 133,675
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 150,000 163,272
7 Revaluation reserve 2024 2023
£ £
At 1 June 2023 69,652 -
Gain on revaluation of land and buildings - 69,652
Deferred taxation arising on the revaluation of land and buildings (16,663) -
At 31 May 2024 52,989 69,652
8 Controlling party
The company is controlled by A Cochrane.
9 Other information
Tredington Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nutters Cottage
Nutters Wood
Cleeve Hill
Cheltenham
Glos
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