Company registration number 12383117 (England and Wales)
TREEFALL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TREEFALL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TREEFALL LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
4,255,292
4,246,026
Current assets
Debtors
4
706,362
735,778
Cash at bank and in hand
200,044
186,336
906,406
922,114
Creditors: amounts falling due within one year
5
(2,625,715)
(2,660,473)
Net current liabilities
(1,719,309)
(1,738,359)
Total assets less current liabilities
2,535,983
2,507,667
Creditors: amounts falling due after more than one year
6
(1,903,097)
(1,943,431)
Net assets
632,886
564,236
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
632,786
564,136
Total equity
632,886
564,236

For the financial Period ended 30 September 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 of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 April 2025 and are signed on its behalf by:
Neophytos Tsangarides
Director
Company registration number 12383117 (England and Wales)
TREEFALL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

TREEFALL LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN. The principal place of business is Northside House, Mount Pleasant, Cockfosters, EN4 9EB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Management truehas determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern.

1.3
Reporting period

The company shortened the accounting period from 31 December to 30 September to be co-terminus with that of one of the shareholders. Comparative information has not been restated and is therefore not fully comparable.

1.4
Turnover

Rental income is recognised on a straight line basis over the term of the relevant lease.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

TREEFALL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
-
0
-
0
3
Investment property
2024
£
Fair value
At 1 January 2024
4,246,026
Additions
9,266
At 30 September 2024
4,255,292

In the directors opinion the value of the investment property is not significantly different from the amount reflected in the financial statements.

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
32,695
75,498
Excelsior Coast Homes Limited
662,441
655,361
Prepayments
11,226
4,919
706,362
735,778
TREEFALL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
57,938
57,638
Trade creditors
10,246
-
0
Vat control account
24,959
31,362
Cannonwood Investments Limited
1,134,912
1,174,912
Chaseview Hotels Limited
1,264,912
1,304,912
Accruals
1,734
1,984
Deferred income
85,726
67,106
Corporation tax payable
45,288
22,559
2,625,715
2,660,473
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,903,097
1,943,431

The loan contains a fixed and floating charge over the assets of the company.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
1,632,816
1,675,292
7
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
8
Ultimate controlling party

The company was controlled throughout the current period and previous year by two of the directors' companies, namely Chaseview Hotels Limited (Andrew Elias is a director and indirectly a shareholder of that company) and Cannonwood Investments Limited (Neophytos Tsangarides is a director and directly a shareholder of that company) by virtue of the fact that between them, they own all of the company's entire issued share capital.

 

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