REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2023 TO 30 JUNE 2024 |
FOR |
TRIZEC LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 20 DECEMBER 2023 TO 30 JUNE 2024 |
FOR |
TRIZEC LTD |
TRIZEC LTD (REGISTERED NUMBER: 15363365) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 20 December 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TRIZEC LTD |
COMPANY INFORMATION |
For The Period 20 December 2023 to 30 June 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
TRIZEC LTD (REGISTERED NUMBER: 15363365) |
ABRIDGED BALANCE SHEET |
30 June 2024 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
TRIZEC LTD (REGISTERED NUMBER: 15363365) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 20 December 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Trizec Ltd is a |
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. |
The financial statements have been prepared on a going concern basis, which the director considers to be appropriate, as he has agreed to provide the necessary finance to enable the company to meet its liabilities as they fall due. |
Work in progress |
Work in progress comprises property development costs and is valued at the lower of cost or estimated selling price. |
Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
Taxation |
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
Current tax assets and liabilities are not discounted and are 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Bank loans |
A fixed and floating charge over the freehold property known as land lying to the east of High Street, Loxwood and land lying on the south side of Willetts Way, Loxwood was created on 22 April 2024 by Close Brothers Limited to secure all monies due or becoming due. The charge also contains a negative pledge over the property. |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1.00 | 1 |
1 Ordinary share of £1.00 was allotted and fully paid for |
TRIZEC LTD (REGISTERED NUMBER: 15363365) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 20 December 2023 to 30 June 2024 |
6. | RELATED PARTY DISCLOSURES |
During the year, the company entered into transactions with the related parties outlined below, which are all members of the same group. |
At the end of the year, the balance of the amount owed to Mattwell Developments Limited was £1,048,383. The balance is unsecured, interest-free and repayable on demand. |
No guarantees have been given or received. No expenses have been recognised during the current or previous financial year for bad or doubtful debts in respect of the amounts owed by or to related parties. |