Registered number
07447985
Tranter Webb Limited
Accounts for the year ended
30 November 2024
Tranter Webb Limited
Registered number: 07447985
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,415,000 1,395,000
Current assets
Debtors 7 400 -
Cash at bank and in hand 408,315 364,150
408,715 364,150
Creditors: amounts falling due within one year 4 (12,311) (10,385)
Net current assets 396,404 353,765
Total assets less current liabilities 1,811,404 1,748,765
Creditors: amounts falling due after more than one year 5 (834,474) (833,974)
Provisions for liabilities (135,772) (130,772)
Net assets 841,158 784,019
Capital and reserves
Called up share capital 1 1
Profit and loss account - non distributable 6 543,676 528,676
Profit and loss account 297,481 255,342
Shareholder's funds 841,158 784,019
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Davies
Director
Approved by the board on 30 May 2025
Tranter Webb Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. Depreciation is not provided in respect of investment properties.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
investments
property Total
£ £
Cost
At 1 December 2023 - 1,395,000 1,395,000
Revaluation - 20,000 20,000
At 30 November 2024 - 1,415,000 1,415,000
Historical cost
At 1 December 2023 - 735,552
- 735,552
Freehold and long leasehold investment property was revalued by the director as at 30th November 2024. Tax approximately £ 135,772 would be payable if the properties were disposed of at these values.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 161
Taxation and social security costs 10,271 8,424
Other creditors 2,040 1,800
12,311 10,385
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 834,474 833,974
834,474 833,974
6 Profit and Loss account non distributable 2024 2023
£ £
At 1 December 2023 528,676 580,311
Gain/(loss) on revaluation of investment property 20,000 (25,000)
Deferred taxation arising on the revaluation of investment property (5,000) (26,635)
At 30 November 2024 543,676 528,676
7 Controlling party
The ultimate controlling party of the company is Brian Davies.
8 Other information
Tranter Webb Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Chudleigh Gardens
Sutton
Surrey
SM1 3DP
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