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REGISTERED NUMBER: 13113643 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TREGLASTA MANOR LIMITED

TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREGLASTA MANOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M J L Morton
Mrs J C Morton





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 13113643 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,146 37,683
Investment property 5 750,000 692,406
780,146 730,089

CURRENT ASSETS
Debtors 6 3,921 885
Cash at bank 1,343 10,678
5,264 11,563
CREDITORS
Amounts falling due within one year 7 39,605 54,355
NET CURRENT LIABILITIES (34,341 ) (42,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,805

687,297

CREDITORS
Amounts falling due after more than one
year

8

819,408

819,398
NET LIABILITIES (73,603 ) (132,101 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 57,594 -
Retained earnings (131,297 ) (132,201 )
SHAREHOLDERS' FUNDS (73,603 ) (132,101 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)

BALANCE SHEET - continued
30 JUNE 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 and authorised for issue by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Mr M J L Morton - Director


TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Treglasta Manor 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.

The company has net current liabilities and net liabilities at the balance sheet date. This is principally due to amounts owed to directors and connected companies who have agreed not to seek repayment until the company has sufficient cashflows to do so. On this basis the directors have prepared the financial statements on the going concern basis.

Turnover
Turnover represents rent receivable from the company's investment properties excluding value added tax.

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 etc - 20% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 37,683
DEPRECIATION
Charge for year 7,537
At 30 June 2024 7,537
NET BOOK VALUE
At 30 June 2024 30,146
At 30 June 2023 37,683

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 July 2023 692,406
Revaluations 57,594
At 30 June 2024 750,000
NET BOOK VALUE
At 30 June 2024 750,000
At 30 June 2023 692,406

Cost or valuation at 30 June 2024 is represented by:
£   
Valuation in 2024 57,594
Cost 692,406
750,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 692,406 -

Investment property was valued on an open market basis on 30 June 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 3,921 885

TREGLASTA MANOR LIMITED (REGISTERED NUMBER: 13113643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 39,605 54,355

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 383,978 383,968
Other creditors 435,430 435,430
819,408 819,398

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 383,978 383,968

Bank loans represent a mortgage which is repayable in 2045.

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 383,978 383,968

The bank loan is secured by a first legal charge over the company's investment properties, a first fixed and floating charge over the company's assets and undertakings and £384,000 personal guarantee from Mr M J L Morton and Mrs J C Morton.

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £37,522 (30.6.23: £43,522).

The aggregate amount owed to connected companies at the balance sheet date is £435,430 (30.6.23: £435,430).

11. ULTIMATE CONTROLLING PARTY

The company is not under control of any one individual or another entity.