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REGISTERED NUMBER: 10304063 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TREON PROPERTY INVESTMENT LIMITED

TREON PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10304063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TREON PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A Treon
F Treon





REGISTERED OFFICE: 7 St. John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 10304063 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

TREON PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10304063)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 425,000 400,000

CURRENT ASSETS
Debtors 5 955 2,650
Cash at bank 2,418 15,049
3,373 17,699
CREDITORS
Amounts falling due within one year 6 396,904 411,306
NET CURRENT LIABILITIES (393,531 ) (393,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,469

6,393

PROVISIONS FOR LIABILITIES 7,860 1,610
NET ASSETS 23,609 4,783

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 7 25,615 6,865
Retained earnings (2,009 ) (2,085 )
SHAREHOLDERS' FUNDS 23,609 4,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





A Treon - Director


TREON PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10304063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Treon Property Investment 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover represents rents receivable during the year from the properties. Turnover is recognised over the time period to which it relates.

Investment property
Investment property is shown at fair value. 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 ) .

TREON PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 10304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 400,000
Revaluations 25,000
At 31 July 2024 425,000
NET BOOK VALUE
At 31 July 2024 425,000
At 31 July 2023 400,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 8,476
Valuation in 2024 25,000
Cost 391,524
425,000

The investment property was valued on an open market basis on 31 July 2024 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 955 2,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 18 839
Other creditors 396,886 410,467
396,904 411,306

7. RESERVES
Revaluation
reserve
£   
At 1 August 2023 6,865
Profit & Loss Account 18,750

At 31 July 2024 25,615

8. RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £393,143 (2023: £392,768), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.