Registered number
04519036
Trentham Invest Ltd
Unaudited Filleted Accounts
31 August 2024
Trentham Invest Ltd
Registered number: 04519036
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,703 94,870
Current assets
Debtors 4 39,425 102,767
Cash at bank and in hand 809,437 580,569
848,862 683,336
Creditors: amounts falling due within one year 5 (106,868) (106,549)
Net current assets 741,994 576,787
Total assets less current liabilities 753,697 671,657
Provisions for liabilities (32,925) (42,038)
Net assets 720,772 629,619
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 710,772 619,619
Shareholder's funds 720,772 629,619
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Nicola Downs
Director
Approved by the board on 28 October 2024
Trentham Invest Ltd
Notes to the Accounts
for the year ended 31 August 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:
Office equipment over 2 - 4 years
Leasehold improvements over 10 years
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 6
3 Tangible fixed assets
Office equipment Leashold improvements Total
£ £ £
Cost
At 1 September 2023 104,750 184,853 289,603
Additions 3,467 - 3,467
Disposals - (165,131) (165,131)
At 31 August 2024 108,217 19,722 127,939
Depreciation
At 1 September 2023 102,427 92,306 194,733
Charge for the year 1,977 18,485 20,462
On disposals - (98,959) (98,959)
At 31 August 2024 104,404 11,832 116,236
Net book value
At 31 August 2024 3,813 7,890 11,703
At 31 August 2023 2,323 92,547 94,870
4 Debtors 2024 2023
£ £
Trade debtors - 6,335
Other debtors 39,425 96,432
39,425 102,767
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 28,011 70,810
Taxation and social security costs 73,203 27,548
Other creditors 5,654 8,191
106,868 106,549
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 16,691
7 Other information
Trentham Invest Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Bell House
57 West Street
Dorking
Surrey
RH4 1BS
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