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Registration number: 13655358

TRDS Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

TRDS Properties Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

TRDS Properties Limited

(Registration number: 13655358)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed Assets

 

Investment property

4

1,491,162

1,150,000

Investments

5

8

6

 

1,491,170

1,150,006

Current assets

 

Debtors

6

897,290

859,083

Cash at bank and in hand

 

16,129

140,430

 

913,419

999,513

Creditors: Amounts falling due within one year

7

(551,021)

(270,007)

Net current assets

 

362,398

729,506

Total assets less current liabilities

 

1,853,568

1,879,512

Creditors: Amounts falling due after more than one year

7

(829,686)

(827,377)

Provisions for liabilities

(8,750)

(22,020)

Net assets

 

1,015,132

1,030,115

Capital and Reserves

 

Called up share capital

10

8

Other reserves

26,250

26,250

Retained Earnings

988,872

1,003,857

Shareholders' funds

 

1,015,132

1,030,115

 

TRDS Properties Limited

(Registration number: 13655358)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 June 2025
 

.........................................
TR Lucas
Director

 

TRDS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silverstone House
1 Maplefields
Barrells Road
Bury St Edmunds
Suffolk
IP31 3GD
United Kingdom

These financial statements were authorised for issue by the director on 16 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

TRDS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

TRDS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Investment properties

2024
£

At 1 November

1,150,000

Additions

341,162

At 31 October

1,491,162

There has been no valuation of investment property by an independent valuer.

5

Investments

2024
£

2023
£

Investments in subsidiaries

8

6

Subsidiaries

£

Cost or valuation

At 1 November 2023

6

Additions

2

At 31 October 2024

8

Provision

Carrying amount

At 31 October 2024

8

At 31 October 2023

6

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

878,267

813,561

Other debtors

 

19,023

45,522

   

897,290

859,083

 

TRDS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade Creditors

 

276,334

991

Other payables

 

263,438

267,516

Accruals

 

1,500

1,500

Income tax liability

9,749

-

 

551,021

270,007

Due after one year

 

Loans and borrowings

8

829,686

827,377

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

829,686

827,377

Bank borrowings

The Mortgages are denominated in sterling with a nominal interest rate of between 3% and 3.3%%, and the renewal date of them is due on 30 June 2036. The carrying amount at year end is £827,377 (2023 - £827,377).

The bank borrowings are secured against the properties.

 

TRDS Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Related party transactions

Summary of transactions with other related parties

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

813,561

813,561

Advanced

90,000

90,000

Repaid

(75,500)

(75,500)

Interest transactions

50,206

50,206

At end of period

878,267

878,267

2023

Entities with joint control or significant influence
£

Total
£

At start of period

950,000

950,000

Advanced

50,481

50,481

Repaid

(240,000)

(240,000)

Interest transactions

53,080

53,080

At end of period

813,561

813,561