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REGISTERED NUMBER: 02044196 (England and Wales)















TRENT PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TRENT PROPERTIES LIMITED (REGISTERED NUMBER: 02044196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


TRENT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R H Wakefield
Mrs E M Wakefield





SECRETARY: Mrs E M Wakefield





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 02044196 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

TRENT PROPERTIES LIMITED (REGISTERED NUMBER: 02044196)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 910 -
Investment property 5 1,440,650 1,432,000
1,441,560 1,432,000

CURRENT ASSETS
Debtors 6 367,207 393,241
Cash at bank 29,399 35,572
396,606 428,813
CREDITORS
Amounts falling due within one year 7 37,282 50,864
NET CURRENT ASSETS 359,324 377,949
TOTAL ASSETS LESS CURRENT LIABILITIES 1,800,884 1,809,949

PROVISIONS FOR LIABILITIES 173 -
NET ASSETS 1,800,711 1,809,949

CAPITAL AND RESERVES
Called up share capital 8 38,766 38,766
Share premium 764,877 764,877
Revaluation reserve 9 488,740 488,740
Retained earnings 508,328 517,566
SHAREHOLDERS' FUNDS 1,800,711 1,809,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:




R H Wakefield - Director


TRENT PROPERTIES LIMITED (REGISTERED NUMBER: 02044196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Trent Properties Limited 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.

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.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

TRENT PROPERTIES LIMITED (REGISTERED NUMBER: 02044196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 65,394 9,429 74,823
Additions - 1,367 1,367
Disposals (65,394 ) (9,429 ) (74,823 )
At 31 March 2024 - 1,367 1,367
DEPRECIATION
At 1 April 2023 65,394 9,429 74,823
Charge for year - 457 457
Eliminated on disposal (65,394 ) (9,429 ) (74,823 )
At 31 March 2024 - 457 457
NET BOOK VALUE
At 31 March 2024 - 910 910
At 31 March 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,432,000
Additions 8,650
At 31 March 2024 1,440,650
NET BOOK VALUE
At 31 March 2024 1,440,650
At 31 March 2023 1,432,000

The directors valued the investment properties on an open market basis as at 31 March 2024 which is included in these accounts.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 488,740
Cost 951,910
1,440,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 366,007 392,041
Prepayments and accrued income 1,200 1,200
367,207 393,241

TRENT PROPERTIES LIMITED (REGISTERED NUMBER: 02044196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 216 -
Taxation 1,971 2,018
Other taxes and social security 3,020 16,832
Accrued expenses 32,075 32,014
37,282 50,864

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
38,766 Ordinary £1 38,766 38,766

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 488,740

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R H Wakefield
Balance outstanding at start of year 301,725 305,711
Amounts advanced 30,284 38,752
Amounts repaid (55,977 ) (42,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 276,032 301,725

The above loan is unsecured, interest free and repayable on demand.