1 January 2024 false No description of principal activity Hypertax 2024.01 11713135business:PrivateLimitedCompanyLtd2024-01-012024-12-31 11713135business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 11713135business:FullAccounts2024-01-012024-12-31 117131352024-01-012024-12-31 117131352024-12-31 117131352022-03-31 117131352023-01-012023-12-31 117131352023-12-31 11713135business:Director12024-01-012024-12-31 11713135business:Director22024-01-012024-12-31 11713135business:RegisteredOffice2024-01-012024-12-31 11713135core:WithinOneYear2024-12-31 11713135core:WithinOneYear2023-12-31 11713135core:AfterOneYear2024-12-31 11713135core:AfterOneYear2023-12-31 11713135core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 11713135core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11713135core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 11713135core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 11713135core:RevaluationReservecore:PreviouslyStatedAmount2024-12-31 11713135core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 11713135core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-12-31 11713135core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-12-31 11713135core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-12-31 11713135core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-12-31 11713135core:CapitalContributionReservecore:PreviouslyStatedAmount2024-12-31 11713135core:CapitalContributionReservecore:PreviouslyStatedAmount2023-12-31 11713135core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 11713135core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11713135core:PreviouslyStatedAmount2024-12-31 11713135core:PreviouslyStatedAmount2023-12-31 11713135business:SmallEntities2024-01-012024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11713135 (England & Wales)
Transformative Property Limited
Unaudited Accounts
for the year ended 31 December 2024
Transformative Property Limited
Statement of financial position
as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
570,000
570,000
570,000
570,000
Current assets
Debtors
5
1,981
1,828
Cash at bank and in hand
25,858
17,802
27,839
19,630
Creditors: amounts falling due within one year
6
(41,133)
(40,885)
Net current assets
(13,294)
(21,255)
Total assets less current liabilities
556,706
548,745
Creditors: amounts falling due after more than one year
7
(309,600)
(309,600)
Provisions for liabilities
Other provisions
(41,136)
(41,136)
(41,136)
(41,136)
Net assets
205,970
198,009
Capital and reserves
Called up share capital
100
100
Profit and loss account
205,870
197,909
Shareholder funds
205,970
198,009
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Transformative Property Limited
Statement of financial position (cont.)
as at 31 December 2024
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by .............................................................. Martin Goodwin Director Company Registration Number: 11713135
Transformative Property Limited
Notes to the Accounts
for the year ended 31 December 2024
1. Statutory information
Transformative Property Limited is a private company, limited by guarantee, registered in England & Wales, registration number 11713135. The registered office is Greystone, 231 Nanpantan Road, Loughborough, Leicestershire, LE11 3YD.
2. Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3. Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4. Investment property
2024
£
Fair value at 1 January 2024
570,000
Additions
-
Disposals
-
Net gain from fair value adjustments
-
Transfers from tangible fixed assets
-
At 31 December 2024
570,000
5. Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,545
1,545
Accrued income and prepayments
436
283
1,981
1,828
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,545
1,545
Taxes and social security
1,866
2,312
Loans from directors
37,218
36,584
Accruals
504
444
41,133
40,885
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
309,600
309,600
309,600
309,600
Transformative Property Limited
Notes to the Accounts (cont.)
for the year ended 31 December 2024
8. Average number of employees
During the year the average number of employees was 0 (2023: 0).