Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investments | 4 |
|
|
|
741 | 986 | |||
Current assets | ||||
Debtors | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
148,868 | 197,113 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current liabilities | (83,279) | (3,170) | ||
Total assets less current liabilities | (82,538) | (2,184) | ||
Creditors: amounts falling due after more than one year | 7 | (
|
(
|
|
Net liabilities | (
|
(
|
||
Capital and reserves | ||||
Called-up share capital | 8 |
|
|
|
Profit and loss account | (
|
(
|
||
Total shareholders' deficit | (
|
(
|
Director's responsibilities:
The financial statements of Trethellan Holdings Limited (registered number:
D A Cole
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Trethellan Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Trethellan Barn, Trevean Way, Newquay, Cornwall, TR7 1QS.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company and its subsidiary companies are party to ongoing contracts for the delivery of property development projects and the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Plant and machinery etc. |
|
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2023 |
|
|
|
At 30 June 2024 |
|
|
|
Accumulated depreciation | |||
At 01 July 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 30 June 2024 |
|
|
|
Net book value | |||
At 30 June 2024 |
|
|
|
At 30 June 2023 |
|
|
Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 July 2023 |
|
Additions |
|
At 30 June 2024 |
|
Carrying value at 30 June 2024 |
|
Carrying value at 30 June 2023 |
|
Investments in shares
Name of entity | Registered office | Principal activity | Class of shares |
Ownership 30.06.2024 |
Ownership 30.06.2023 |
|
Lowin House, Tregolls Road, Truro, TR1 2NA | Property Development |
|
|
|
|
Lowin House, Tregolls Road, Truro, TR1 2NA | Property Development |
|
|
|
|
Lowin House, Tregolls Road, Truro, TR1 2NA | Property Development |
|
|
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
|
|
|
Amounts owed by director |
|
|
|
Prepayments |
|
|
|
VAT recoverable |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Amounts owed to Group undertakings |
|
|
|
Accruals |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Other creditors |
|
|
2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
|
|
|
|
|
100 | 100 |
The preference shares are redeemable in full on 31 January 2026 and are included under creditors falling due after more than one year.
Transactions with the entity's director
2024 | 2023 | ||
£ | £ | ||
Loan (from)/to D A Cole | 0 | 119,994 |
The loan is unsecured and repayable on demand. Interest has been charged on the overdrawn loan at the official HM Revenue & Customs interest rate.
Other related party transactions
2024 | 2023 | ||
£ | £ | ||
Loan from Trethellan Estates 1 Limited | (73,638) | (74,296) | |
Loan to/(from) Trethellan Estates 2 Limited | 475 | (5,225) | |
Loan to Trethellan Estates 3 Limited | 92,006 | 0 | |
Loan from David Cole Property Limited | (57,234) | (12,420) |
The loans are interest free, unsecured and repayable on demand.