Trent Bridge Investments Limited Filleted Accounts Cover
Trent Bridge Investments Limited
Company No. 03868390
Information for Filing with The Registrar
31 March 2024
Trent Bridge Investments Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was management of commercial property.
Directors
The Directors who served at any time during the year were as follows:
Debra Kightley
Horatio Growdridge
Mark Kightley
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Mark Kightley
Director
03 February 2025
Trent Bridge Investments Limited Balance Sheet Registrar
at
31 March 2024
Company No.
03868390
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,927-
Investment property
5
3,000,0003,000,000
3,001,9273,000,000
Current assets
Debtors
6
647,769659,057
Cash at bank and in hand
44,54728,714
692,316687,771
Creditors: Amount falling due within one year
7
(146,145)
(119,145)
Net current assets
546,171568,626
Total assets less current liabilities
3,548,0983,568,626
Creditors: Amounts falling due after more than one year
8
(157,931)
(181,807)
Provisions for liabilities
Deferred taxation
(505,000)
(505,000)
Net assets
2,885,1672,881,819
Capital and reserves
Called up share capital
100100
Revaluation reserve
11
1,880,1301,880,130
Profit and loss account
11
1,004,9371,001,589
Total equity
2,885,1672,881,819
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 February 2025 and signed on its behalf by:
Mark Kightley
Director
03 February 2025
Trent Bridge Investments Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Trent Bridge Investments Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03868390
Its registered office is:
Unit C17
Kestrel Business Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.
2
Accounting policies
Turnover
Turnover is the fair value of rent receivable for the period.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
2,1412,141
At 31 March 2024
2,1412,141
Depreciation
Charge for the year
214214
At 31 March 2024
214214
Net book values
At 31 March 2024
1,9271,927
5
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
3,000,000
At 31 March 2024
3,000,000
6
Debtors
2024
2023
£
£
Corporation tax recoverable
25,39425,394
Loans to directors
162,944134,373
Other debtors
446,741485,840
Prepayments and accrued income
12,69013,450
647,769659,057
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
25,10722,544
Taxes and social security
51,734
29,005
Loans from directors
25,00025,000
Other creditors
124-
Accruals and deferred income
44,18042,596
146,145119,145
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
157,931181,807
157,931181,807
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
76,007
96,724
76,00796,724
9
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
159,201173,057
The bank loan is secured by a charge over the property owned by the company.
10
Share Capital
Share capital consists of 100 Ordinary Shares of £1 each which have been fully paid.
11
Reserves
Investment property fair value reserve
Total other reserves
£
£
At 1 April 2022
1,880,130
1,880,130
At 31 March 2023 and 1 April 2023
1,880,130
1,880,130
At 31 March 2024
1,880,1301,880,130
Investment property fair value reserve includes all fair value adjustment arising on investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
12
Related party transactions
During the year, the following loans to directors subsisted
The details are as follows:
2024
2023
Mark Kightley
Balance at 1 April 2023
67,186
73,054
Amounts advances
65,428
20,247
Amounts repaid
(51,142)
(26,115)
Balance at 31 March 2024
81,472
67,186
Debra Kightley
Balance at 1 April 2023
67,186
73,054
Amounts advances
65,428
20,247
Amounts repaid
(51,142)
(26,115)
Balance at 31 March 2024
81,472
67,186
Horatio Growdridge
Balance at 1 April 2023
(25,000)
(25,000)
Amounts advances
-
-
Amounts repaid
-
-
Balance at 31 March 2024
(25,000)
(25,000)
During the year the company made advances to the directors M Kightley and D Kightley.
The maximum amount owed by each director to the company during the year was £162,944.
The above balances are free of interest, unsecured and repayable upon demand.
The director M Kightley is also a director of Melton Wheelie Jet Limited.
At 31 March 2024 the company owed £40,000 (2023 £43,000) to Melton Wheelie Jet Limited.
13
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
92,000
-
92,000
-
Dividends by type:
Equity dividends
92,000-
92,000
-
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