3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,210,000 147,000 1,357,000 1,357,000 1,210,000 xbrli:pure xbrli:shares iso4217:GBP 00327546 2023-07-01 2024-06-30 00327546 2024-06-30 00327546 2023-06-30 00327546 2022-07-01 2023-06-30 00327546 2023-06-30 00327546 2022-06-30 00327546 bus:Director3 2023-07-01 2024-06-30 00327546 core:WithinOneYear 2024-06-30 00327546 core:WithinOneYear 2023-06-30 00327546 core:ShareCapital 2024-06-30 00327546 core:ShareCapital 2023-06-30 00327546 core:RetainedEarningsAccumulatedLosses 2024-06-30 00327546 core:RetainedEarningsAccumulatedLosses 2023-06-30 00327546 bus:Director1 2023-07-01 2024-06-30 00327546 bus:SmallEntities 2023-07-01 2024-06-30 00327546 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00327546 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00327546 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00327546 bus:FullAccounts 2023-07-01 2024-06-30 00327546 core:InvestmentPropertyIncludedWithinPPE 2023-06-30 00327546 core:InvestmentPropertyIncludedWithinPPE 2023-07-01 2024-06-30 00327546 core:InvestmentPropertyIncludedWithinPPE 2024-06-30
COMPANY REGISTRATION NUMBER: 00327546
Trubsons Limited
Filleted Unaudited Financial Statements
30 June 2024
Trubsons Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,357,000
1,210,000
Current assets
Debtors
6
1,023
Cash at bank and in hand
20,776
45,421
--------
--------
20,776
46,444
Creditors: amounts falling due within one year
7
23,265
38,017
--------
--------
Net current (liabilities)/assets
( 2,489)
8,427
------------
------------
Total assets less current liabilities
1,354,511
1,218,427
Provisions
199,210
162,460
------------
------------
Net assets
1,155,301
1,055,967
------------
------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
1,155,101
1,055,767
------------
------------
Shareholders funds
1,155,301
1,055,967
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Trubsons Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
M. H. Hinton
Director
Company registration number: 00327546
Trubsons Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Somersbury Cottage The Common, Shalford, Guildford, Surrey, GU4 8JE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the value of rentals received or receivable from property letting, excluding value added tax.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).
5. Tangible assets
Investment property
£
Cost or valuation
At 1 July 2023
1,210,000
Revaluations
147,000
------------
At 30 June 2024
1,357,000
------------
Depreciation
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
1,357,000
------------
At 30 June 2023
1,210,000
------------
Cost or valuation at 30 June 2024 is represented by:
2024
£
Cost3,410
Fair value adjustment1,353,590
------------
Fair value1,357,000
------------
The fair values of the company's investment properties have been determined by the directors at the year end using local knowledge of similar properties in the area. Valuations did not involve an independent valuer holding a recognised and relevant qualification.
6. Debtors
2024
2023
£
£
Other debtors
1,023
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,261
Corporation tax
958
8,504
Other creditors
22,307
28,252
--------
--------
23,265
38,017
--------
--------