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REGISTERED NUMBER: 10645299 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TRADITIONAL ENGLISH ESTATES LIMITED

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)






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




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 7


TRADITIONAL ENGLISH ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr C Burnard
Mrs M Burnard





SECRETARY:





REGISTERED OFFICE: Fen House
Redgrave Road
South Loham
Diss
IP22 2JN





REGISTERED NUMBER: 10645299 (England and Wales)





ACCOUNTANTS: Insight Accountancy Services Ltd
7A Alkmaar Way
Norwich Int Business Park
Norwich
Norfolk
NR6 6BF

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JULY 2024

The directors present their report with the financial statements of the company for the year ended 31 July 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2023 to the date of this report.

Mr C Burnard
Mrs M Burnard

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Director


25 April 2025

TRADITIONAL ENGLISH ESTATES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
TRADITIONAL ENGLISH ESTATES LIMITED


As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Insight Accountancy Services Ltd
7A Alkmaar Way
Norwich Int Business Park
Norwich
Norfolk
NR6 6BF


25 April 2025

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JULY 2024

31.7.24 31.7.23
£    £   

TURNOVER 96,100 90,387

Administrative expenses 15,178 14,156
80,922 76,231

Gain/loss on revaluation of investment
property

120,000

75,000
OPERATING PROFIT 200,922 151,231


Interest payable and similar expenses 43,792 28,731
PROFIT BEFORE TAXATION 157,130 122,500

Tax on profit 30,360 23,275
PROFIT FOR THE FINANCIAL YEAR 126,770 99,225

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 2,189,999 2,069,999

CURRENT ASSETS
Debtors 5 306,129 1,510
Cash at bank 25,198 3,423
331,327 4,933
CREDITORS
Amounts falling due within one year 6 18,266 57,493
NET CURRENT ASSETS/(LIABILITIES) 313,061 (52,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,503,060

2,017,439

CREDITORS
Amounts falling due after more than one
year

7

(1,156,437

)

(820,386

)

PROVISIONS FOR LIABILITIES (266,206 ) (243,406 )
NET ASSETS 1,080,417 953,647

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,184,645 1,087,445
Retained earnings (104,328 ) (133,898 )
SHAREHOLDERS' FUNDS 1,080,417 953,647

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.

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr C Burnard - Director


TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

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

1. STATUTORY INFORMATION

Traditional English Estates 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 2,069,999
Revaluations 120,000
At 31 July 2024 2,189,999
NET BOOK VALUE
At 31 July 2024 2,189,999
At 31 July 2023 2,069,999

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 1,110,000
Valuation in 2021 359,999
Valuation in 2022 525,000
Valuation in 2023 75,000
Valuation in 2024 120,000
2,189,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings 304,564 -
Amounts owed by participating interests 1,112 1,112
Other debtors 453 398
306,129 1,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 695 961
Amounts owed to group undertakings - 36,042
Taxation and social security 16,349 17,236
Other creditors 1,222 3,254
18,266 57,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,156,437 820,386

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,156,437 792,882

TRADITIONAL ENGLISH ESTATES LIMITED (REGISTERED NUMBER: 10645299)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 1,156,437 820,386

9. RESERVES
Fair
value
reserve
£   
At 1 August 2023 1,087,445
Reserve transfer 97,200

At 31 July 2024 1,184,645