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Company Registration No. 07435524 (England and Wales)
Trussell Properties Limited Unaudited accounts for the year ended 31 December 2024
Trussell Properties Limited Unaudited accounts Contents
Page
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Trussell Properties Limited Company Information for the year ended 31 December 2024
Directors
Paul Barry Felton Joanne Louise Felton
Secretary
Joanne Louise Felton
Company Number
07435524 (England and Wales)
Registered Office
Lock Cottage Long Street Wheaton Aston STAFFORD Staffordshire ST19 9NF England
Accountants
KJP Bookkeeping Services 24 Red Lion Lane Norton Canes Cannock Staffordshire WS11 9QP
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Trussell Properties Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,290 
1,720 
Investment property
1,582,000 
1,317,000 
1,583,290 
1,318,720 
Current assets
Debtors
8,039 
1,466 
Cash at bank and in hand
6,908 
42,098 
14,947 
43,564 
Creditors: amounts falling due within one year
(1,192,544)
(983,546)
Net current liabilities
(1,177,597)
(939,982)
Total assets less current liabilities
405,693 
378,738 
Provisions for liabilities
Deferred tax
(91,662)
(84,718)
Net assets
314,031 
294,020 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
313,931 
293,920 
Shareholders' funds
314,031 
294,020 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2025 and were signed on its behalf by
Paul Barry Felton Director Company Registration No. 07435524
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Trussell Properties Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Trussell Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07435524. The registered office is Lock Cottage, Long Street Wheaton Aston, STAFFORD, Staffordshire, ST19 9NF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold which has been estimated at 25%.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
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Trussell Properties Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,164 
At 31 December 2024
2,164 
Depreciation
At 1 January 2024
444 
Charge for the year
430 
At 31 December 2024
874 
Net book value
At 31 December 2024
1,290 
At 31 December 2023
1,720 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
1,317,000 
Additions
237,224 
Net gain from fair value adjustments
27,776 
At 31 December 2024
1,582,000 
The investment properties were revalued by the directors on 31st December 2024.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,059 
986 
Other debtors
980 
480 
8,039 
1,466 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
1,182,712 
971,883 
Other creditors
925 
1,760 
Loans from directors
463 
463 
Accruals
8,444 
9,440 
1,192,544 
983,546 
8
Controlling party
The parent company is Disapp Limited whose trading address and registered office is Lock Cottage, Long Street, Wheaton Aston, Stafford ST19 9NF.
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Trussell Properties Limited Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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