TRIBEKA DEVELOPMENTS (WOODHOUSE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Tribeka Developments (Woodhouse) Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10462747). Its registered office is 443 Handsworth Road, Handsworth, Sheffield, England, S13 9DD. The principal activity of the Company throughout the year continued to be that of property development.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company’s functional and presentational currency is pounds sterling.
The following principal accounting policies have been applied:
At 31 January 2024 the Company's liabilities exceeded its assets by £398,001 (2023: £389,838). The company will continue to receive support from the director and related undertakings and on this basis they have prepared the financial statements on a going concern basis.
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised on legal completion of sale of new residential properties.
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