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REGISTERED NUMBER: 08994263 (England and Wales)















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: E Macleod





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 08994263 (England and Wales)





ACCOUNTANTS: Pesters
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 5,281,646 5,281,646
Investment property 5 2,250,000 2,250,000
7,531,646 7,531,646

CURRENT ASSETS
Debtors 6 35,936 69,630
Cash at bank 479,832 345,175
515,768 414,805
CREDITORS
Amounts falling due within one year 7 1,833,028 1,835,608
NET CURRENT LIABILITIES (1,317,260 ) (1,420,803 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,214,386

6,110,843

PROVISIONS FOR LIABILITIES 216,875 216,875
NET ASSETS 5,997,511 5,893,968

CAPITAL AND RESERVES
Called up share capital 4,425,621 4,425,621
Non distributable reserves 8 650,625 650,625
Retained earnings 921,265 817,722
SHAREHOLDERS' FUNDS 5,997,511 5,893,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 17 March 2025 and were signed by:





E Macleod - Director


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 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.

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 5,281,646
NET BOOK VALUE
At 30 September 2024 5,281,646
At 30 September 2023 5,281,646

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 2,250,000
NET BOOK VALUE
At 30 September 2024 2,250,000
At 30 September 2023 2,250,000

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 34,700 69,400
Other debtors 1,236 230
35,936 69,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 32,048 28,900
Other creditors 1,800,980 1,806,708
1,833,028 1,835,608

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 650,625

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.