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REGISTERED NUMBER: 10494212 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

TRENT PROPERTY LTD

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRENT PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: M J Allanson
C P Allanson





REGISTERED OFFICE: Unit E Crawley House
Shelton Road
Corby
Northamptonshire
NN17 5XH





REGISTERED NUMBER: 10494212 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,724 2,266
Investment property 5 1,032,774 1,032,774
1,043,498 1,035,040

CURRENT ASSETS
Debtors 6 147,000 147,000
Cash at bank 11,765 7,563
158,765 154,563
CREDITORS
Amounts falling due within one year 7 212,220 197,634
NET CURRENT LIABILITIES (53,455 ) (43,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,043

991,969

CREDITORS
Amounts falling due after more than one
year

8

(713,028

)

(736,502

)

PROVISIONS FOR LIABILITIES (44,601 ) (31,859 )
NET ASSETS 232,414 223,608

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 150,155 160,216
Retained earnings 82,159 63,292
SHAREHOLDERS' FUNDS 232,414 223,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

BALANCE SHEET - continued
30TH JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st December 2024 and were signed on its behalf by:





M J Allanson - Director


TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Trent Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors have prepared the accounts on a going concern basis not withstanding the company has net current liabilities. The directors have provided a loan used to assist with the purchase of the investment properties and it will not be repaid until the company has sufficient funds.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at the director's estimate of fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2023 9,953
Additions 10,830
At 30th June 2024 20,783
DEPRECIATION
At 1st July 2023 7,687
Charge for year 2,372
At 30th June 2024 10,059
NET BOOK VALUE
At 30th June 2024 10,724
At 30th June 2023 2,266

All assets have been pledged as security for the companies borrowings.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 1,032,774
NET BOOK VALUE
At 30th June 2024 1,032,774
At 30th June 2023 1,032,774

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2023 192,075
Cost 840,699
1,032,774

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 147,000 147,000

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,644 21,139
Trade creditors 1,325 -
Taxation and social security 7,639 3,778
Other creditors 180,612 172,717
212,220 197,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 713,028 736,502

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 604,508 615,514
604,508 615,514

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 735,672 757,641

The company has two National Westminster Bank PLC loans which are both secured against the company's assets. These contain a fixed charge, a floating charge and a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

TRENT PROPERTY LTD (REGISTERED NUMBER: 10494212)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


11. RESERVES
Fair
value
reserve
£   
At 1st July 2023 160,216
Deferred tax movement (10,061 )

At 30th June 2024 150,155

12. RELATED PARTY DISCLOSURES

Included in other debtors is £147,000 (2023 £147,000) owed from a company with a common director. No interest has been charged on the amount owing. The balance at the year end is repayable on demand.

Included in other creditors is £179,410 (2023 £171,517) which is owed to the directors.

One investment property is occupied by a company with a common director for which below market rent has been charged during the year.