Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetruetrue2023-04-01No description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10573186 2023-04-01 2024-03-31 10573186 2022-04-01 2023-03-31 10573186 2024-03-31 10573186 2023-03-31 10573186 c:Director1 2023-04-01 2024-03-31 10573186 c:Director2 2023-04-01 2024-03-31 10573186 c:RegisteredOffice 2023-04-01 2024-03-31 10573186 d:FurnitureFittings 2023-04-01 2024-03-31 10573186 d:FurnitureFittings 2024-03-31 10573186 d:FurnitureFittings 2023-03-31 10573186 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10573186 d:ComputerEquipment 2023-04-01 2024-03-31 10573186 d:ComputerEquipment 2024-03-31 10573186 d:ComputerEquipment 2023-03-31 10573186 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10573186 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10573186 d:FreeholdInvestmentProperty 2024-03-31 10573186 d:FreeholdInvestmentProperty 2023-03-31 10573186 d:CurrentFinancialInstruments 2024-03-31 10573186 d:CurrentFinancialInstruments 2023-03-31 10573186 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10573186 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10573186 d:ShareCapital 2024-03-31 10573186 d:ShareCapital 2023-03-31 10573186 d:SharePremium 2024-03-31 10573186 d:SharePremium 2023-03-31 10573186 d:RetainedEarningsAccumulatedLosses 2024-03-31 10573186 d:RetainedEarningsAccumulatedLosses 2023-03-31 10573186 c:FRS102 2023-04-01 2024-03-31 10573186 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10573186 c:FullAccounts 2023-04-01 2024-03-31 10573186 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 10573186







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


TROVECROFT PROPERTIES LTD






































img0d95.png                        

 


TROVECROFT PROPERTIES LTD
 


 
COMPANY INFORMATION


Directors
Mr J Fish 
Mr M Noy 




Registered number
10573186



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
127 Putney Bridge Road

London

SW15 2PA






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


TROVECROFT PROPERTIES LTD
REGISTERED NUMBER:10573186



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,121
584

Investment property
 5 
8,225,000
8,225,000

  
8,226,121
8,225,584

Current assets
  

Debtors: amounts falling due within one year
 6 
22,931
27,865

Cash at bank and in hand
  
13,383
21,949

  
36,314
49,814

Creditors: amounts falling due within one year
 7 
(41,798)
(65,068)

Net current liabilities
  
 
 
(5,484)
 
 
(15,254)

Total assets less current liabilities
  
8,220,637
8,210,330

  

Net assets
  
8,220,637
8,210,330


Capital and reserves
  

Called up share capital 
  
400
400

Share premium account
  
8,718,210
8,718,210

Profit and loss account
  
(497,973)
(508,280)

  
8,220,637
8,210,330

Page 1

 


TROVECROFT PROPERTIES LTD
REGISTERED NUMBER:10573186


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr J Fish
Mr M Noy
Director
Director


Date: 4 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


TROVECROFT PROPERTIES LTD
 


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

1.


General information

Trovecroft Properties Limited is a private company, limited by shares, incorporated in England and Wales, company registration number 10573186. The registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9LT and principal place of business is 127 Putney Bridge Road, London, SW15 2PA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Functional currency

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 
2.3

Revenue

Revenue represents rent receivable from property rental agreements, net of VAT.
Rental income is recognised in line with rental agreements, with income received in advance of its related rental period being deferred where necessary. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


TROVECROFT PROPERTIES LTD
 


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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% Reducing balance
Computer equipment
-
33.33% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


TROVECROFT PROPERTIES LTD
 


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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
732
2,600
3,332


Additions
-
748
748



At 31 March 2024

732
3,348
4,080



Depreciation


At 1 April 2023
485
2,263
2,748


Charge for the year on owned assets
37
174
211



At 31 March 2024

522
2,437
2,959



Net book value



At 31 March 2024
210
911
1,121



At 31 March 2023
247
337
584


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
8,225,000



At 31 March 2024
8,225,000

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 5

 


TROVECROFT PROPERTIES LTD
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
7,350
4,025

Amounts owed by connected companies
-
3,719

Other debtors
516
4,615

Prepayments and accrued income
15,065
15,506

22,931
27,865



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
768
11,379

Corporation tax
2,955
26,160

Other taxation and social security
5,225
-

Other creditors
13,030
6,344

Accruals and deferred income
19,820
21,185

41,798
65,068



8.


Transactions with directors

Included within other debtors is a balance due from a director amounting to £216 (2023: £1,315).
Amounts advanced during the year totalled £216 (2023: £1,058).
Amounts repaid during the year totalled £1,315 (2023: £Nil).
Interest arising on the balance totalled £Nil (2023: £Nil).
 
Page 6