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
Net gain from fair value adjustments
-
Transfers from tangible fixed assets
-
At 31 December 2024
570,000
Amounts falling due within one year
Accrued income and prepayments
436
283
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
7. Creditors: amounts falling due after more than one year
2024
2023