Registered number: 12283145
TROWELLCO LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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TROWELLCO LIMITED
COMPANY INFORMATION
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TROWELLCO LIMITED
CONTENTS
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Notes to the Financial Statements
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TROWELLCO LIMITED
REGISTERED NUMBER: 12283145
BALANCE SHEET
AS AT 31 DECEMBER 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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TROWELLCO LIMITED
REGISTERED NUMBER: 12283145
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the company to obtain an audit for the year in question 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 financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 4 form part of these financial statements.
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TROWELLCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trowellco Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number of 12283145. The registered office is Eighth Floor 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of the principal shareholders, who have confirmed that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the date of signing of the financial statements of the company.
Investments in joint ventures are measured at cost less accumulated impairment.
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.
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The average monthly number of employees, including directors, during the year was 5 (2023 - 5).
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TROWELLCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Investments in joint ventures
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At 1 January 2024 (as previously stated)
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At 1 January 2024 (as restated)
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Creditors: Amounts falling due within one year
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Allotted, called up and fully paid
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1,200 (2023 - 1,200) Ordinary shares of £1 each
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3,600 (2023 - 3,600) Ordinary Preferred shares of £1 each
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During the preparation of the financial statements of the company for the year ended 31 December 2024, it was identified that the allocation of fixed asset investment and other debtors in the prior year had been incorrectly split. This has been adjusted for in the balance sheet at 31 December 2024 and the loan has been recognised as a fixed asset investment, rather than a debtor.
The entries to account for these transactions have been restated for the year ended 31 December 2024 and therefore the 2023 comparative figures reflect the revised allocation of these transactions within the Balance Sheet. There is no change to the profit for the current or previous year.
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