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Registration number: 12071837

Tribu Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Tribu Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Tribu Properties Limited

Company Information

Directors

Mr Nicholas John Abbott

Mrs Tracey Abbott

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Tribu Properties Limited

(Registration number: 12071837)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

36

46

Tangible assets

5

184

276

 

220

322

Current assets

 

Debtors

6

9,594

5,848

Cash at bank and in hand

 

15,112

8,594

 

24,706

14,442

Creditors: Amounts falling due within one year

7

(17,515)

(8,361)

Net current assets

 

7,191

6,081

Total assets less current liabilities

 

7,411

6,403

Creditors: Amounts falling due after more than one year

7

(160,858)

(145,382)

Net liabilities

 

(153,447)

(138,979)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(154,447)

(139,979)

Shareholders' deficit

 

(153,447)

(138,979)

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

 

Tribu Properties Limited

(Registration number: 12071837)
Balance Sheet as at 30 June 2024 (continued)

.........................................
Mr Nicholas John Abbott
Director

.........................................
Mrs Tracey Abbott
Director

 

Tribu Properties Limited

Notes to the Unaudited 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:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the Board on 25 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 basis.

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:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Tribu Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Asset class

Amortisation method and rate

Brand - Logo

25% Straight Line

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.

Trade 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.

Trade 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

Tribu Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 July 2023

110

110

At 30 June 2024

110

110

Amortisation

At 1 July 2023

46

46

Amortisation charge

28

28

At 30 June 2024

74

74

Carrying amount

At 30 June 2024

36

36

At 30 June 2023

46

46

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

368

368

At 30 June 2024

368

368

Depreciation

At 1 July 2023

92

92

Charge for the year

92

92

At 30 June 2024

184

184

Carrying amount

At 30 June 2024

184

184

At 30 June 2023

276

276

 

Tribu Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

2

-

Prepayments

(5,976)

(1,152)

Other debtors

15,568

7,000

9,594

5,848

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,551

149

Accruals and deferred income

1,519

1,498

Other creditors

14,445

6,714

17,515

8,361

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

160,858

145,382

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

160,858

145,382