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Company Registration No. 02863810 (England and Wales)
Trenbridge Estates Limited Unaudited accounts for the year ended 31 January 2024
Trenbridge Estates Limited Unaudited accounts Contents
Page
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Trenbridge Estates Limited Company Information for the year ended 31 January 2024
Directors
E L Callaghan O M McDowell
Secretary
Graham Hughes
Company Number
02863810 (England and Wales)
Registered Office
9 GREENWAY BOOKHAM LEATHERHEAD KT23 3PA ENGLAND
Accountants
Nicola Grobety (MAAT) Longwood Business Support Ltd 16 Longwood View Crawley West Sussex RH10 6PB
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Trenbridge Estates Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
99 
Current assets
Inventories
807,899 
849,796 
Cash at bank and in hand
31,951 
6,127 
839,850 
855,923 
Creditors: amounts falling due within one year
(58,948)
(60,440)
Net current assets
780,902 
795,483 
Total assets less current liabilities
780,902 
795,582 
Creditors: amounts falling due after more than one year
(839,607)
(928,821)
Provisions for liabilities
Deferred tax
- 
(19)
Net liabilities
(58,705)
(133,258)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(58,805)
(133,358)
Shareholders' funds
(58,705)
(133,258)
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 directors acknowledge their 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 of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
O M McDowell Director Company Registration No. 02863810
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Trenbridge Estates Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Trenbridge Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 02863810. The registered office is 9 GREENWAY, BOOKHAM, LEATHERHEAD, KT23 3PA, ENGLAND.
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.
3
Accounting policies
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.
Going concern
The accounts have been prepared on the going concern basis which is dependent on the continuing financial support of its shareholders and also in accordance with the provisions of FRS 102 Section 1A small entities - the Financial Reporting Standard applicable in the United Kingdom and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue Recognition
Revenue is measured at the fair value consideration received or receivable. Revenue is reduced for estimated rebates and other similar allowances if applicable and revenue from the sale of any goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any amounts have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Depreciation has been provided at the following rates in order to write off the cost of fixed assets over their expected useful lives:
Plant & machinery
25% per annum on cost
Motor vehicles
25% per annum on cost
Fixtures & fittings
25% per annum on cost
Computer equipment
33.33% per annum on cost
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Trenbridge Estates Limited Notes to the Accounts for the year ended 31 January 2024
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Pension costs
The company has not yet informed the Pension Regulator that the company is exempt from pension auto-enrolment by reason that the business is comprised only of directors who receive no remuneration. The company recognises that it will be required to opt-in to pension auto-enrolment in the event that any employees are recruited.
Inventories
Inventories are stated at the lower of cost and estimated selling price to complete and sell (net realisable value). Net realisable value is based on the estimated selling price less estimated completion or selling costs. When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an expense in the period in which the write-down or loss occurs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
1,395 
20,957 
7,309 
11,291 
40,952 
At 31 January 2024
1,395 
20,957 
7,309 
11,291 
40,952 
Depreciation
At 1 February 2023
1,296 
20,957 
7,309 
11,291 
40,853 
Charge for the year
99 
- 
- 
- 
99 
At 31 January 2024
1,395 
20,957 
7,309 
11,291 
40,952 
Net book value
At 31 January 2024
- 
- 
- 
- 
- 
At 31 January 2023
99 
- 
- 
- 
99 
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Trenbridge Estates Limited 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
48,069 
39,474 
Other creditors
1,158 
1,158 
Loans from directors
8,121 
18,208 
Accruals
1,600 
1,600 
58,948 
60,440 
Creditors include the current portion due within one year of bank loans secured by way of a first charge against the properties held in stock.
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
839,607 
928,821 
Bank loans include mortgages secured by way of a first charge against the properties held in stock.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
25 Ordinary A Shares of £1 each
25 
25 
25 Ordinary B Shares of £1 each
25 
25 
25 Ordinary C Shares of £1 each
25 
25 
25 Ordinary D Shares of £1 each
25 
25 
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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