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Filleted

Registration number: 04532499

Trebersed Management Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Trebersed Management Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Trebersed Management Ltd

Company Information

Directors

Mr David Grant Hartman

Mrs Deborah Anne Hartman

Registered office

Trebersed Farm
St Peters
Carmarthen
SA31 3RR

 

Trebersed Management Ltd

(Registration number: 04532499)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

39,486

50,057

Current assets

 

Debtors

6

153,291

120,773

Cash at bank and in hand

 

6,095

3,583

 

159,386

124,356

Creditors: Amounts falling due within one year

7

(176,790)

(138,070)

Net current liabilities

 

(17,404)

(13,714)

Total assets less current liabilities

 

22,082

36,343

Creditors: Amounts falling due after more than one year

7

(29,785)

(35,341)

Net (liabilities)/assets

 

(7,703)

1,002

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

(7,707)

998

Total equity

 

(7,703)

1,002

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mrs Deborah Anne Hartman
Director

   
     
 

Trebersed Management Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trebersed Farm
St Peters
Carmarthen
SA31 3RR

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basi,.the directors will support the company for the foreseeable future and pay debts as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Trebersed Management Ltd

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

Asset class

Depreciation method and rate

Property Improvements

5% reducing balance

Equipment

25% reducing balance

Investments

m,bjklbnjklbnjkbn

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Trebersed Management Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,986

5,274

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

74,251

50,007

10,500

134,758

Additions

-

815

-

815

Disposals

-

-

(10,500)

(10,500)

At 30 June 2024

74,251

50,822

-

125,073

Depreciation

At 1 July 2023

36,090

46,511

2,100

84,701

Charge for the year

1,908

1,078

-

2,986

Eliminated on disposal

-

-

(2,100)

(2,100)

At 30 June 2024

37,998

47,589

-

85,587

Carrying amount

At 30 June 2024

36,253

3,233

-

39,486

At 30 June 2023

38,161

3,496

8,400

50,057

Included within the net book value of land and buildings above is £36,253 (2023 - £38,161) in respect of freehold land and buildings.
 

 

Trebersed Management Ltd

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

6

Debtors

2024
£

2023
£

Trade debtors

13,345

18,123

Other debtors

139,946

102,650

153,291

120,773

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

5,400

5,400

Trade creditors

 

3,325

9,539

Taxation and social security

 

26,207

27,238

Other creditors

 

141,858

95,893

 

176,790

138,070

Due after one year

 

Loans and borrowings

9

29,785

35,341

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

29,785

35,341

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

A Ordinary of £1 each

2

2

2

2

 

4

4

4

4

 

Trebersed Management Ltd

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

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

29,785

35,341

2024
£

2023
£

Current loans and borrowings

Bank borrowings

5,400

5,400

 

Trebersed Management Ltd

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

10

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

Repayments by director
£

At 30 June 2024
£

Mr David Grant Hartman

Interest free loan with no fixed repayment terms

15,250

(7,750)

7,500

       
     

Mrs Deborah Anne Hartman

Interest free loan with no fixed repayment terms

15,250

(7,750)

7,500

       
     

 

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Mr David Grant Hartman

Interest free loan with no fixed repayment terms

9,493

15,250

(9,493)

15,250

         
       

Mrs Deborah Anne Hartman

Interest free loan with no fixed repayment terms

9,493

15,250

(9,493)

15,250

         
       

 

Summary of transactions with other related parties

Trebersed Farm Ltd is a related party of the company by virtue of having common directors
 During the year, Purchases and sales were made to and from Trebersed Farm Ltd
At balance sheet date the amount due to Trebersed Farm Ltd was £67,900.94 (2022 - £90,542.33 was due toTrebersed Farm Ltd)