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REGISTERED NUMBER: 02999320 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2024

for

T.R. King Limited

T.R. King Limited (Registered number: 02999320)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


T.R. King Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T R King
T M King
M T King





REGISTERED OFFICE: The Forge
Bath Road
Woodchester
Stroud
Gloucestershire
GL5 5NA





REGISTERED NUMBER: 02999320 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

T.R. King Limited

Report of the Accountants to the Directors of
T.R. King Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Xeinadin South Wales & West Limited


21 March 2025

T.R. King Limited (Registered number: 02999320)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,111 87,173
Investment property 5 521,000 516,000
590,111 603,173

CURRENT ASSETS
Stocks 1,600 1,600
Debtors 6 22,960 17,894
Cash at bank 298,496 237,989
323,056 257,483
CREDITORS
Amounts falling due within one year 7 211,130 126,128
NET CURRENT ASSETS 111,926 131,355
TOTAL ASSETS LESS CURRENT LIABILITIES 702,037 734,528

PROVISIONS FOR LIABILITIES 61,001 48,843
NET ASSETS 641,036 685,685

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 131,170 137,613
Retained earnings 509,766 547,972
SHAREHOLDERS' FUNDS 641,036 685,685

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

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

T.R. King Limited (Registered number: 02999320)

Balance Sheet - continued
31 December 2024


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 by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




T R King - Director T M King - Director




M T King - Director


T.R. King Limited (Registered number: 02999320)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

T.R. King 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.

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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

T.R. King Limited (Registered number: 02999320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 282,172 86,238 368,410
Additions 940 - 940
At 31 December 2024 283,112 86,238 369,350
DEPRECIATION
At 1 January 2024 249,591 31,646 281,237
Charge for year 5,354 13,648 19,002
At 31 December 2024 254,945 45,294 300,239
NET BOOK VALUE
At 31 December 2024 28,167 40,944 69,111
At 31 December 2023 32,581 54,592 87,173

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 516,000
Revaluations 5,000
At 31 December 2024 521,000
NET BOOK VALUE
At 31 December 2024 521,000
At 31 December 2023 516,000

T.R. King Limited (Registered number: 02999320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 169,893
Valuation in 2024 5,000
Cost 346,107
521,000

The investment property was revalued in 2024, based on the directors' estimate of the market value of the property at that date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,351 15,948
Other debtors 3,609 1,946
22,960 17,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 87,409 12,743
Trade creditors 47,049 20,466
Taxation and social security 18,433 35,216
Other creditors 58,239 57,703
211,130 126,128