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Company No: 12795787 (England and Wales)

TRETHELLAN HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

TRETHELLAN HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

TRETHELLAN HOLDINGS LIMITED

BALANCE SHEET

As at 30 June 2024
TRETHELLAN HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 738 984
Investments 4 3 2
741 986
Current assets
Debtors 5 147,240 171,511
Cash at bank and in hand 1,628 25,602
148,868 197,113
Creditors: amounts falling due within one year 6 ( 232,147) ( 200,283)
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 ( 10) ( 10)
Net liabilities ( 82,548) ( 2,194)
Capital and reserves
Called-up share capital 8 90 90
Profit and loss account ( 82,638 ) ( 2,284 )
Total shareholders' deficit ( 82,548) ( 2,194)

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Trethellan Holdings Limited (registered number: 12795787) were approved and authorised for issue by the Director on 23 June 2025. They were signed on its behalf by:

D A Cole
Director
TRETHELLAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
TRETHELLAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Turnover

Turnover represents currencies receivable for the provision of consultancy services and is stated net of VAT and is recognised as services are provided to customers in accordance with the underlying contractual agreement.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 1,749 1,749
At 30 June 2024 1,749 1,749
Accumulated depreciation
At 01 July 2023 765 765
Charge for the financial year 246 246
At 30 June 2024 1,011 1,011
Net book value
At 30 June 2024 738 738
At 30 June 2023 984 984

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 2
Additions 1
At 30 June 2024 3
Carrying value at 30 June 2024 3
Carrying value at 30 June 2023 2

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.06.2024
Ownership
30.06.2023
Trethellan Estates 1 Limited Lowin House, Tregolls Road, Truro, TR1 2NA Property Development Ordinary 85.47% 85.47%
Trethellan Estates 2 Limited Lowin House, Tregolls Road, Truro, TR1 2NA Property Development Ordinary 100.00% 100.00%
Trethellan Estates 3 Limited Lowin House, Tregolls Road, Truro, TR1 2NA Property Development Ordinary 100.00% 0.00%

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 92,481 0
Amounts owed by director 0 119,994
Prepayments 170 199
VAT recoverable 2,025 0
Other debtors 52,564 51,318
147,240 171,511

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,535 0
Amounts owed to Group undertakings 73,638 79,521
Accruals 3,580 2,750
Taxation and social security 45,032 42,608
Other creditors 107,362 75,404
232,147 200,283

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 10 10

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
90 Ordinary shares of £ 1.00 each 90 90
10 Redeemable preference shares of £ 1.00 each 10 10
100 100

On incorporation 90 ordinary shares were allotted with an aggregate nominal value of £90 and 10 preference shares were allotted with an aggregate nominal value of £10.

The preference shares are redeemable in full on 31 January 2026 and are included under creditors falling due after more than one year.

9. Related party transactions

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.