Company registration number SC568784 (Scotland)
TR PROPERTY INVESTMENTS. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
TR PROPERTY INVESTMENTS. LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
TR PROPERTY INVESTMENTS. LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr A J Reilly
Company number
SC568784
Registered office
4 Old Dullatur Road
Dullatur
Glasgow
Scotland
G68 0AR
Accountants
Consilium Chartered Accountants
169 West George Street
Glasgow
Scotland
G2 2LB
TR PROPERTY INVESTMENTS. LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
35,515
36,928
Current assets
Debtors
4
45,945
45,945
Cash at bank and in hand
75,986
97,813
121,931
143,758
Creditors: amounts falling due within one year
5
(141,900)
(166,362)
Net current liabilities
(19,969)
(22,604)
Net assets
15,546
14,324
Capital and reserves
Called up share capital
6
1
1
Fair value reserve
(76,388)
(74,891)
Profit and loss reserves
91,933
89,214
Total equity
15,546
14,324

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
Mr A J  Reilly
Director
Company Registration No. SC568784
TR PROPERTY INVESTMENTS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

TR Property Investments. Limited is a private company limited by shares incorporated in Scotland. The registered office is 4 Old Dullatur Road, Dullatur, Glasgow, Scotland, G68 0AR. The company's registration number is SC568784.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of listed investments. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the Statement of Comprehensive Income represents the value of interest, dividends and charges received during the year.

1.3
Fixed asset investments

Investments are stated at market value.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

TR PROPERTY INVESTMENTS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Other investments other than loans
35,515
36,928
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
36,928
Valuation changes
(1,413)
At 30 June 2024
35,515
Carrying amount
At 30 June 2024
35,515
At 30 June 2023
36,928
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
45,945
45,945
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
74
3,518
Other creditors
141,826
162,844
141,900
166,362
TR PROPERTY INVESTMENTS. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1
1
1
7
Related party transactions

At the balance sheet date the amount due to the director was £137,806 (2023 - £159,364). This loan is unsecured, interest free with no fixed date for repayment.

 

At the balance sheet date the total amount due from related parties was £45,945 (2023 - £45,945). The loans are unsecured, interest free with no fixed date for repayment.

 

No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of Section 1A "Small Entities" of financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

8
Prior period adjustment

Unrealised gains and losses on investments were previously incorrectly presented directly in the profit and loss account instead of other comprehensive income. In addition on the balance sheet the cumulative gain or loss on investments was disclosed within retained earnings but given these amounts are non distributable it was preferred to present this in a separate fair value reserve.

 

As at 30 June 2022, £45,970 loss on investment valuations have been reallocated to the fair value reserve. For the year ended 30 June 2023, £28,921 loss on investment in the year has been reallocated from administrative expenses to other comprehensive income and at 30 June 2023 the overall profit on investment valuations of £74,891 have been reallocated to the fair value reserve.

 

Overall there has been no change in the statement of comprehensive income or net assets at 30 June 2022.

 

There has been a change of £90 in the statement of comprehensive income and net assets at 30 June 2023 due to a reallocation adjustment relating to the investment.

 

In addition £15,000 included in debtors due after one year has been reallocated against the director's loan account balance.

2024-06-302023-07-01falsefalsefalse28 March 2025CCH SoftwareCCH Accounts Production 2024.300No description of principal activityMr A J ReillySC5687842023-07-012024-06-30SC568784bus:Director12023-07-012024-06-30SC568784bus:RegisteredOffice2023-07-012024-06-30SC5687842024-06-30SC5687842023-06-30SC568784core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-30SC568784core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-30SC568784core:CurrentFinancialInstruments2024-06-30SC568784core:CurrentFinancialInstruments2023-06-30SC568784core:ShareCapital2024-06-30SC568784core:ShareCapital2023-06-30SC568784core:RevaluationReserve2024-06-30SC568784core:RevaluationReserve2023-06-30SC568784core:RetainedEarningsAccumulatedLosses2024-06-30SC568784core:RetainedEarningsAccumulatedLosses2023-06-30SC5687842022-07-012023-06-30SC568784core:WithinOneYear2024-06-30SC568784core:WithinOneYear2023-06-30SC568784bus:PrivateLimitedCompanyLtd2023-07-012024-06-30SC568784bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC568784bus:FRS1022023-07-012024-06-30SC568784bus:AuditExemptWithAccountantsReport2023-07-012024-06-30SC568784bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP