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REGISTERED NUMBER: 12825928 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Trp Homes Limited

Trp Homes Limited (Registered number: 12825928)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Trp Homes Limited (Registered number: 12825928)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 315,000 315,000

CURRENT ASSETS
Cash at bank and in hand 12,757 44,643

CREDITORS
Amounts falling due within one year 5 103,030 102,815
NET CURRENT LIABILITIES (90,273 ) (58,172 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,727

256,828

CREDITORS
Amounts falling due after more than one year 6 (168,275 ) (208,275 )

PROVISIONS FOR LIABILITIES (7,458 ) (7,458 )
NET ASSETS 48,994 41,095

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 100 100
Fair value reserve 31,793 31,793
Retained earnings 17,101 9,202
48,994 41,095

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

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

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 19 May 2025 and were signed by:





Mr C A Edmenson - Director


Trp Homes Limited (Registered number: 12825928)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Trp Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12825928

Registered office: C/o Milner Smeaton Ltd Viking House
Preston Farm
Stockton On Tees
United Kingdom
TS18 3TS

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
Rents received 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 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 1 (2023 - 1 ) .

Trp Homes Limited (Registered number: 12825928)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 315,000
NET BOOK VALUE
At 31 August 2024 315,000
At 31 August 2023 315,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 39,251
Cost 275,749
315,000

Freehold investment properties were valued on an open market basis on 31 August 2024 by the Director.

These valuations were carried out by the Director who, whilst not a qualified surveyor, does have experience in the property sector. These valuations are further supported by valuations recently carried out by finance providers for mortgage purposes.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 1,853 1,595
Other creditors 101,177 101,220
103,030 102,815

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 168,275 208,275

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 168,275 208,275

These debts are secured by way of legal mortgages over the company's investment properties.