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REGISTERED NUMBER: 03893612 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Trafertir (UK) Ltd

Trafertir (UK) Ltd (Registered number: 03893612)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Trafertir (UK) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S K Bowden





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





BUSINESS ADDRESS: 1 Apollo Business Park
Paycocke Road
Basildon
Essex
SS14 3NW





REGISTERED NUMBER: 03893612 (England and Wales)





ACCOUNTANTS: Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Trafertir (UK) Ltd (Registered number: 03893612)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 35,000 35,000
Investment property 5 765,000 765,000
800,000 800,000

CURRENT ASSETS
Debtors 6 107,652 9,000
Cash at bank and in hand 24,429 3,612
132,081 12,612
CREDITORS
Amounts falling due within one year 7 25,011 27,544
NET CURRENT ASSETS/(LIABILITIES) 107,070 (14,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,070

785,068

CREDITORS
Amounts falling due after more than one
year

8

(67,018

)

(195,266

)

PROVISIONS FOR LIABILITIES (77,431 ) (77,431 )
NET ASSETS 762,621 512,371

CAPITAL AND RESERVES
Called up share capital 10 19,240 19,240
Fair value reserve 11 276,733 276,733
Retained earnings 466,648 216,398
SHAREHOLDERS' FUNDS 762,621 512,371

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

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

The director acknowledges his 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.

Trafertir (UK) Ltd (Registered number: 03893612)

Balance Sheet - continued
30 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 director and authorised for issue on 20 January 2025 and were signed by:





S K Bowden - Director


Trafertir (UK) Ltd (Registered number: 03893612)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Trafertir (UK) 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Trafertir (UK) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
The turnover shown in the income statement represents the fair value of rents received exclusive of VAT.

Investments in subsidiaries
Investments are recognised at cost, less impairment.

Investment property
Investment property is included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement..

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

Trafertir (UK) Ltd (Registered number: 03893612)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 35,000
NET BOOK VALUE
At 30 June 2024 35,000
At 30 June 2023 35,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 765,000
NET BOOK VALUE
At 30 June 2024 765,000
At 30 June 2023 765,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 765,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 410,836 410,836

Investment properties were valued on a fair value basis on 30 June 2024 by S K Bowden, a director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 107,652 9,000

Trafertir (UK) Ltd (Registered number: 03893612)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 14,809 20,177
Taxation and social security 8,702 6,117
Other creditors 1,500 1,250
25,011 27,544

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 67,018 195,266

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 80,178

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 81,827 215,443

The bank loans are secured against the investment property and contains a fixed and floating charge over all the property or undertaking of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
19,240 Ordinary £1 19,240 19,240

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 276,733

Accountants' Report to the Director
on the Unaudited Financial Statements of
Trafertir (UK) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trafertir (UK) Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Trafertir (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trafertir (UK) Ltd and state those matters that we have agreed to state to the director of Trafertir (UK) Ltd in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Trafertir (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trafertir (UK) Ltd. You consider that Trafertir (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trafertir (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


20 January 2025