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REGISTERED NUMBER: 02000976 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRADING VILLAGE LTD

TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADING VILLAGE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A I Davies
J Davies
L M Davies





SECRETARY: J Davies





REGISTERED OFFICE: 31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 02000976 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,475 3,301
Investments 5 110 110
Investment property 6 1,195,487 717,386
1,198,072 720,797

CURRENT ASSETS
Debtors 7 21,439 469,112
Cash at bank 378,341 611,950
399,780 1,081,062
CREDITORS
Amounts falling due within one year 8 11,492 15,308
NET CURRENT ASSETS 388,288 1,065,754
TOTAL ASSETS LESS CURRENT LIABILITIES 1,586,360 1,786,551

PROVISIONS FOR LIABILITIES 106,853 627
NET ASSETS 1,479,507 1,785,924

CAPITAL AND RESERVES
Called up share capital 111 111
Revaluation reserve 745,182 267,081
Retained earnings 734,214 1,518,732
1,479,507 1,785,924

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.

TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

BALANCE SHEET - continued
31 MARCH 2024


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 24 September 2024 and were signed on its behalf by:





L M Davies - Director


TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

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


1. STATUTORY INFORMATION

Trading Village Ltd 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 3 (2023 - 2 ) .

TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 2,708 12,360 15,068
DEPRECIATION
At 1 April 2023 2,693 9,074 11,767
Charge for year 4 822 826
At 31 March 2024 2,697 9,896 12,593
NET BOOK VALUE
At 31 March 2024 11 2,464 2,475
At 31 March 2023 15 3,286 3,301

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 110
NET BOOK VALUE
At 31 March 2024 110
At 31 March 2023 110

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 717,386
Revaluations 478,101
At 31 March 2024 1,195,487
NET BOOK VALUE
At 31 March 2024 1,195,487
At 31 March 2023 717,386

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 81,809
Valuation in 2024 478,101
Cost 635,577
1,195,487

TRADING VILLAGE LTD (REGISTERED NUMBER: 02000976)

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


7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 507 12,913
Amounts owed by associates - 454,562
Other debtors 1,432 1,637
1,939 469,112

Amounts falling due after more than one year:
Amounts owed by associates 19,500 -

Aggregate amounts 21,439 469,112

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102 217
Taxation and social security - 8,827
Other creditors 11,390 6,264
11,492 15,308

9. RELATED PARTY DISCLOSURES

The director has made a loan to the company. The amount due to the director at 31 March 2024 was £7,217 (2023 - £2,824). The loan does not attract any interest and is repayable on demand.