Trenmile Limited 05459673 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the operation of a public houses and bars Digita Accounts Production Advanced 6.30.9574.0 true true 05459673 2023-10-01 2024-09-30 05459673 2024-09-30 05459673 bus:OrdinaryShareClass1 2024-09-30 05459673 core:CurrentFinancialInstruments 2024-09-30 05459673 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05459673 core:Non-currentFinancialInstruments 2024-09-30 05459673 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 05459673 core:FurnitureFittingsToolsEquipment 2024-09-30 05459673 core:LandBuildings 2024-09-30 05459673 bus:SmallEntities 2023-10-01 2024-09-30 05459673 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05459673 bus:FilletedAccounts 2023-10-01 2024-09-30 05459673 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05459673 bus:RegisteredOffice 2023-10-01 2024-09-30 05459673 bus:Director1 2023-10-01 2024-09-30 05459673 bus:Director2 2023-10-01 2024-09-30 05459673 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05459673 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05459673 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05459673 core:RevaluationReserve 2023-10-01 2024-09-30 05459673 core:ComputerEquipment 2023-10-01 2024-09-30 05459673 core:FurnitureFittings 2023-10-01 2024-09-30 05459673 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 05459673 core:LandBuildings 2023-10-01 2024-09-30 05459673 core:OtherRelatedParties 2023-10-01 2024-09-30 05459673 countries:England 2023-10-01 2024-09-30 05459673 2023-09-30 05459673 core:FurnitureFittingsToolsEquipment 2023-09-30 05459673 core:LandBuildings 2023-09-30 05459673 2022-10-01 2023-09-30 05459673 2023-09-30 05459673 bus:OrdinaryShareClass1 2023-09-30 05459673 core:CurrentFinancialInstruments 2023-09-30 05459673 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05459673 core:Non-currentFinancialInstruments 2023-09-30 05459673 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 05459673 core:FurnitureFittingsToolsEquipment 2023-09-30 05459673 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05459673

Trenmile Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Trenmile Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Trenmile Limited

(Registration number: 05459673)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

108,657

118,421

Current assets

 

Stocks

6

12,000

15,000

Debtors

7

126,035

132,517

Cash at bank and in hand

 

23,765

13,618

 

161,800

161,135

Creditors: Amounts falling due within one year

8

(342,802)

(374,924)

Net current liabilities

 

(181,002)

(213,789)

Total assets less current liabilities

 

(72,345)

(95,368)

Creditors: Amounts falling due after more than one year

8

(29,360)

(35,211)

Provisions for liabilities

(2,515)

(1,220)

Net liabilities

 

(104,220)

(131,799)

Capital and reserves

 

Called up share capital

10

100

100

Revaluation reserve

85,814

97,007

Retained earnings

(190,134)

(228,906)

Shareholders' deficit

 

(104,220)

(131,799)

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Trenmile Limited

(Registration number: 05459673)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Mr W Helsby
Director

.........................................
Mr I Hashmi
Director

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 10 July 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.

Going concern

The Directors consider that there are no material uncertainties about the Company's ability to continue as a going concern. The financial statements have been prepared on a going concern basis.

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.

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Tax

The tax expense for the period comprises 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

On transition from UKGAAP to FRS 102, short leasehold land and buildings historical cost was £107,000 and a revaluation upon transition of FRS102 of £243,000. The cost carried forward as at the 30th September 2024 is £350,000 (2023: £350,000).

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short-term leasehold property

Straight line over lease term

Fixtures and fittings

25% reducing balance

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised initially at the transaction price.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 22).

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

17,649

17,481

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

350,000

79,151

429,151

Additions

-

7,885

7,885

At 30 September 2024

350,000

87,036

437,036

Depreciation

At 1 October 2023

252,993

57,737

310,730

Charge for the year

11,193

6,456

17,649

At 30 September 2024

264,186

64,193

328,379

Carrying amount

At 30 September 2024

85,814

22,843

108,657

At 30 September 2023

97,007

21,414

118,421

Included within the net book value of land and buildings above is £85,814 (2023 - £97,007) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Other inventories

12,000

15,000

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Debtors

2024
£

2023
£

Trade debtors

2,574

6,781

Prepayments

5,475

5,475

Other debtors

117,986

120,261

126,035

132,517

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

5,706

5,714

Trade creditors

 

43,932

53,334

Taxation and social security

 

33,701

36,301

Accruals and deferred income

 

14,249

9,778

Other creditors

 

245,214

269,797

 

342,802

374,924

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

29,360

35,211

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

29,360

35,211

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,706

5,714

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

11

Related party transactions

2022
£

2021
£

West End Ventures Limited

116,836

120,062

East End Enterprises Limited

(229,321)

(211,287)

Novandi Limited

(15,655)

(21,655)

Hospitality Investments Limited

(150)

(150)

Summary of transactions with other related parties

Included in other debtors/(creditors) are funds due from/(to) the following companies owed by Mr I Hashimi and Mr W Helsby. These amounts are interest free and there is no fixed date for repayment.

 

Trenmile Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

12

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on revaluation reserve

(11,193)

-

(11,193)

Surplus/deficit from profit and loss account

-

11,193

11,193

(11,193)

11,193

-

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on revaluation reserve

(11,193)

-

(11,193)

Surplus/deficit from profit and loss account

-

11,193

11,193

(11,193)

11,193

-

.

.