| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Truckstuff Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2024 |
| for |
| Truckstuff Holdings Limited |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| Truckstuff Holdings Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| SECRETARIES: |
| Mr M T Fairweather |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Eldo House, Kempson Way |
| Suffolk Business Park |
| Bury St Edmunds |
| Suffolk |
| IP32 7AR |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Fair value adjustments reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Balance Sheet - continued |
| 31 December 2024 |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Truckstuff Holdings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The company's business address is, 40 Bury Road, Barrow, Bury St Edmunds, Suffolk IP29 5AB. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In the application of the Company's accounting policies, which are described below, the directors are required to make judgements about the carrying amount of certain assets that are not readily apparent from other sources. Actual results may differ from the estimates employed. The material judgement is as below. |
| Revaluation of investment properties |
| The Company has an investment property at fair value, with changes in fair value being recognised in the profit or loss. The Directors commission periodic informal independent professional valuations of the property to determine the estimated fair value at open market value based on assumptions of commercial rental yield given the location and nature of the property. |
| Tangible fixed asset - investment property |
| In accordance with Financial Reporting Standard 102 the investment property is not depreciated and is included in the balance sheet at its fair value at the balance sheet date. This is a departure from the requirements of the Companies Act 2006 however the effect on the financial statements is not considered to be material. Surpluses or deficits arising on revaluation of the property are transferred to the income statement. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| Disposals | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The freehold investment property was professionally valued on 1st October 2016 by John Casson Survey Services at £220,000 based on its current use market value.The directors consider the value of the property remained unchanged at the balance sheet date. If the property were to be realised at that value there would be no tax liability. |
| Cost or valuation at 31 December 2024 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 2003 | 18,512 |
| Valuation in 2006 | 23,418 |
| Valuation in 2010 | 30,000 |
| Valuation in 2012 | (30,000 | ) |
| Valuation in 2016 | 20,000 |
| 61,930 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Within other debtors are amounts owed from the director. |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Within other creditors are amounts owed to the director. |
| Truckstuff Holdings Limited (Registered number: 04104595) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary 'B' | £1 | 35 | 35 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary shares | £1 | 65 | 65 |
| 8. | RESERVES |
| Fair |
| value |
| adjustments |
| reserve |
| £ |
| At 1 January 2024 |
| Transfer between reserves | (61,930 | ) |
| At 31 December 2024 |