REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
TRADING SCENTS GROUP LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
TRADING SCENTS GROUP LIMITED |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
TRADING SCENTS GROUP LIMITED |
COMPANY INFORMATION |
for the Year Ended 30 September 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Park Court |
Pyrford Road |
West Byfleet |
Surrey |
KT14 6SD |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
STATEMENT OF FINANCIAL POSITION |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non distributable reserves | 8 |
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. |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
STATEMENT OF FINANCIAL POSITION - continued |
30 September 2024 |
The financial statements were approved by the director and authorised for issue on |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Trading Scents Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis. At the year end, the company's current liabilities exceeded its' current assets by £1,317,260 (2023 - £1,420,803.). The related companies have given their assurances that they will continue to support the company. |
Preparation of consolidated financial statements |
The financial statements contain information about Trading Scents Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investment property |
Investment property is occupied by the group. The property is carried at fair value with any aggregate surplus or deficit arising from such changes being presented in the profit or loss as part of other income. This surplus or deficit is held separately within other reserves as it is non-distributable. Deferred taxation is calculated on any surplus or deficit and is accounted for in the profit or loss as part of taxation, this is also accounted for within the non-distributable other reserves. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
The investment property has been revalued in 2023 based on the valuation on square footage costs in the Iver area and similar properties within the close vicinity of the investment properties to ensure that they are as accurate as possible. The Director believes this valuation is still valid for 2024. |
The investment property was previously valued by an independent valuer with a recognised and relevant professional qualification and with relevant experience in the investment property being valued. |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2019 | (32,500 | ) |
Valuation in 2022 | 165,915 |
Valuation in 2023 | 734,085 |
Cost | 1,382,500 |
2,250,000 |
If the commercial property had not been revalued it would have been included at the following historical cost: |
30.9.24 | 30.9.23 |
£ | £ |
Cost | 1,382,500 | 1,382,500 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Taxation and social security |
Other creditors |
TRADING SCENTS GROUP LIMITED (REGISTERED NUMBER: 08994263) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2024 |
8. | RESERVES |
Non |
distributable |
reserves |
£ |
At 1 October 2023 |
and 30 September 2024 |
9. | RELATED PARTY DISCLOSURES |
Included in Other Creditors is the sum of £1,293,049 (2023- £1,296,934) owed to subsidiary companies. These loans are interest free. |