Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsetrue2023-07-01property rental servicesfalse22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02211334 2023-07-01 2024-06-30 02211334 2022-07-01 2023-06-30 02211334 2024-06-30 02211334 2023-06-30 02211334 c:Director2 2023-07-01 2024-06-30 02211334 d:FreeholdInvestmentProperty 2024-06-30 02211334 d:FreeholdInvestmentProperty 2023-06-30 02211334 d:CurrentFinancialInstruments 2024-06-30 02211334 d:CurrentFinancialInstruments 2023-06-30 02211334 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02211334 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02211334 d:ShareCapital 2024-06-30 02211334 d:ShareCapital 2023-06-30 02211334 d:RevaluationReserve 2023-07-01 2024-06-30 02211334 d:RevaluationReserve 2024-06-30 02211334 d:RevaluationReserve 2023-06-30 02211334 d:RetainedEarningsAccumulatedLosses 2024-06-30 02211334 d:RetainedEarningsAccumulatedLosses 2023-06-30 02211334 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02211334 c:OrdinaryShareClass1 2024-06-30 02211334 c:OrdinaryShareClass1 2023-06-30 02211334 c:FRS102 2023-07-01 2024-06-30 02211334 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02211334 c:FullAccounts 2023-07-01 2024-06-30 02211334 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02211334 d:OtherDeferredTax 2024-06-30 02211334 d:OtherDeferredTax 2023-06-30 02211334 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02211334














TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
REGISTERED NUMBER:02211334

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,552,500
1,552,500

Current assets
  

Debtors: amounts falling due within one year
 5 
439,212
513,950

Creditors: amounts falling due within one year
 6 
(50,651)
(63,727)

Net current assets
  
 
 
388,561
 
 
450,223

Total assets less current liabilities
  
1,941,061
2,002,723

Provisions for liabilities
  

Deferred tax
 7 
(28,612)
(28,612)

Net assets
  
1,912,449
1,974,111


Capital and reserves
  

Called up share capital 
 8 
100
100

Revaluation reserve
 9 
599,757
599,757

Profit and loss account
 9 
1,312,592
1,374,254

  
1,912,449
1,974,111


Page 1

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
REGISTERED NUMBER:02211334
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 comprehensive income 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: 



S Rejwan
Director

Date: 10 January 2025

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

Page 2

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Trustworth Property (Holdings) Limited is a company limited by shares registered in England and Wales. Its registered office address is at 100 Wigmore Street, 2nd Floor, London W1U 3RN.
The principal activity of the company during the year was that of property rental service.

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 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 following principal accounting policies have been applied:

 
2.2

Turnover

Rental income is recognised in respect of rent for properties that are occupied during the period, exclusive of VAT.

 
2.3

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 Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable.

Page 3

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, 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 Statement of Financial Position date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position, except that:
- the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. 


3.


Employees

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


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
1,552,500



At 30 June 2024
1,552,500

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






Page 4

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
437,485
513,950

Prepayments and accrued income
1,727
-

439,212
513,950



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
27,578
33,106

Other creditors
408
828

Accruals and deferred income
22,665
29,793

50,651
63,727



7.


Deferred taxation




2024


£






At beginning of year
(28,612)



At end of year
(28,612)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements
28,612
28,612


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


Page 5

 
TRUSTWORTH PROPERTY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Reserves

Revaluation reserve

Revalution reserves of £599,757 (2023 - £599,757) are not distributable.

 
Page 6