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REGISTERED NUMBER: 01689322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TOWNTREND LIMITED

TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWNTREND LIMITED

COMPANY INFORMATION
for the year ended 31 January 2025







DIRECTORS: T P Daniels
P K Daniels





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 01689322 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 22 26
Investment property 5 300,000 300,000
300,022 300,026

CURRENT ASSETS
Debtors 6 1,620 29,908
Cash at bank 2,578 4,251
4,198 34,159
CREDITORS
Amounts falling due within one year 7 (5,833 ) (15,999 )
NET CURRENT (LIABILITIES)/ASSETS (1,635 ) 18,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,387

318,186

PROVISIONS FOR LIABILITIES (37,038 ) (37,038 )
NET ASSETS 261,349 281,148

CAPITAL AND RESERVES
Called up share capital 45,479 45,479
Fair value reserve 215,513 215,513
Retained earnings 357 20,156
261,349 281,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)

BALANCE SHEET - continued
31 January 2025


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 27 May 2025 and were signed on its behalf by:





T P Daniels - Director


TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2025

1. STATUTORY INFORMATION

Towntrend 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRS102 Section 1A (effective January 2016) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. However the amount of the depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2024
and 31 January 2025 830
DEPRECIATION
At 1 February 2024 804
Charge for year 4
At 31 January 2025 808
NET BOOK VALUE
At 31 January 2025 22
At 31 January 2024 26

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 300,000
NET BOOK VALUE
At 31 January 2025 300,000
At 31 January 2024 300,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2017 152,551
Valuation in 2023 100,000
Cost 47,449
300,000

TOWNTREND LIMITED (REGISTERED NUMBER: 01689322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2025

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 47,449 47,449

Investment property was valued on an open market basis on 31 January 2025 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,620 1,535
Directors' current accounts - 28,373
1,620 29,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
VAT 1,232 1,245
Other creditors - 10,238
Accrued expenses 4,601 4,516
5,833 15,999

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
T P Daniels
Balance outstanding at start of year 28,373 -
Amounts advanced 25,039 35,238
Amounts repaid (53,412 ) (6,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 28,373

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

9. RELATED PARTY DISCLOSURES

During the year, dividends of £40,022 (2024 - £nil) were paid to the directors.