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Registered number: 03812196
Trelawny Investments Limited
Financial Statements
For The Year Ended 31 December 2024
Christie & Co
Certified Public Accountants
Crews Hill Golf Club
Cattlegate Road
Enfield
EN2 8AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03812196
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 4,649,250 4,474,750
Investments 6 100 100
4,649,350 4,474,850
CURRENT ASSETS
Debtors 7 221,452 15,865
Cash at bank and in hand 75,370 35,807
296,822 51,672
Creditors: Amounts Falling Due Within One Year 8 (25,393 ) (8,972 )
NET CURRENT ASSETS (LIABILITIES) 271,429 42,700
TOTAL ASSETS LESS CURRENT LIABILITIES 4,920,779 4,517,550
Creditors: Amounts Falling Due After More Than One Year 9 (2,723,565 ) (2,546,715 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (56,825 ) (13,200 )
NET ASSETS 2,140,389 1,957,635
CAPITAL AND RESERVES
Called up share capital 12 2,600,000 2,600,000
Profit and Loss Account (459,611 ) (642,365 )
SHAREHOLDERS' FUNDS 2,140,389 1,957,635
Page 1
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For the year ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Johnson
Director
17/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trelawny Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03812196 . The registered office is Christie & Co, Crews Hill Golf Club, Cattlegate Road, Enfield, EN2 8AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery
£
Cost or Valuation
As at 1 January 2024 2,831
As at 31 December 2024 2,831
Depreciation
As at 1 January 2024 2,831
As at 31 December 2024 2,831
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 4,474,750
Revaluations 174,500
As at 31 December 2024 4,649,250
6. Investments
Other
£
Cost
As at 1 January 2024 100
As at 31 December 2024 100
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 100
As at 1 January 2024 100
Other Investments - Subsidiary
Trelawny Investments (London) Ltd
100 Ordinary shares of £1.00 each
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7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,982 3,270
Amounts owed by subsidiaries 216,470 12,595
221,452 15,865
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 17,293 572
Other creditors 350 350
Accruals and deferred income 7,750 8,050
25,393 8,972
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,402,400 1,206,400
Directors loan account 1,321,165 1,340,315
2,723,565 2,546,715
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 1,402,400 1,206,400
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 56,825 13,200
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
500,000 Ordinary Shares of £ 1.000 each 500,000 500,000
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
2,100,000 Preference Shares of £ 1.000 each 2,100,000 2,100,000
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13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Adrian Johnson by virtue of his ownership of 75% of the issued share capital in the company.
Page 6