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REGISTERED NUMBER: 02291048 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 May 2024

for

Trumpton Town Estates Ltd

Trumpton Town Estates Ltd (Registered number: 02291048)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Trumpton Town Estates Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S C Jacob
Mrs K Jacob





SECRETARY: S C Jacob





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 02291048 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Trumpton Town Estates Ltd (Registered number: 02291048)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 343 686
Investment property 5 468,800 570,300
469,143 570,986

CURRENT ASSETS
Stocks 2,077,106 2,077,106
Debtors 8,125 1,980
Cash at bank 115,382 130,708
2,200,613 2,209,794
CREDITORS
Amounts falling due within one year 1,221,554 1,268,390
NET CURRENT ASSETS 979,059 941,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,448,202

1,512,390

CREDITORS
Amounts falling due after more than one year (29,823 ) (41,625 )

PROVISIONS FOR LIABILITIES (97,353 ) (74,053 )
NET ASSETS 1,321,026 1,396,712

CAPITAL AND RESERVES
Called up share capital 2 2
Non-Dist Retained Earning 291,802 315,146
Retained earnings 1,029,222 1,081,564
SHAREHOLDERS' FUNDS 1,321,026 1,396,712

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

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

Trumpton Town Estates Ltd (Registered number: 02291048)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:





S C Jacob - Director


Trumpton Town Estates Ltd (Registered number: 02291048)

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

1. STATUTORY INFORMATION

Trumpton Town Estates Ltd 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 in the profit and loss account represents rents charged and services delivered during the period exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 ) .

Trumpton Town Estates Ltd (Registered number: 02291048)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 7,979
DEPRECIATION
At 1 June 2023 7,293
Charge for year 343
At 31 May 2024 7,636
NET BOOK VALUE
At 31 May 2024 343
At 31 May 2023 686

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 570,300
Disposals (101,500 )
At 31 May 2024 468,800
NET BOOK VALUE
At 31 May 2024 468,800
At 31 May 2023 570,300

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2019 288,291
Valuation in 2020 79,478
Valuation in 2021 11,700
Valuation in 2022 9,600
Valuation in 2024 (41,894 )
Cost 121,625
468,800

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

31.5.24 31.5.23
£    £   
Cost 185,231 185,231

Investment property was valued on an open market basis on 31 May 2020 by the directors. .

Trumpton Town Estates Ltd (Registered number: 02291048)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 47,220 59,022

Bank borrowings are secured by first legal charges over the respective freehold properties owned by the company in favour of the individual lenders.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Trumpton Town Estates Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trumpton Town Estates Ltd for the year ended 31 May 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Trumpton Town Estates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trumpton Town Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Trumpton Town Estates Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trumpton Town Estates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trumpton Town Estates Ltd. You consider that Trumpton Town Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trumpton Town Estates Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................