Company Registration No. 13449745 (England and Wales)
Tregonning Village Ltd
Unaudited accounts
for the year ended 31 August 2024
Tregonning Village Ltd
Unaudited accounts
Contents
Tregonning Village Ltd
Company Information
for the year ended 31 August 2024
Directors
Scott Moon
Victoria Moon
Company Number
13449745 (England and Wales)
Registered Office
24-26 Whalley Road
Accrington
Lancashire
BB5 1AA
England
Accountants
Stewart Advisory Limited
Cotton Court
Church Street
Preston
PR1 3BY
Tregonning Village Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
3,305,921
4,093,069
Cash at bank and in hand
1,376
623
Creditors: amounts falling due within one year
(2,733,294)
(2,722,850)
Net current liabilities
(1,745,697)
(1,088,257)
Total assets less current liabilities
1,560,224
3,004,812
Creditors: amounts falling due after more than one year
(190,416)
(661,589)
Provisions for liabilities
Deferred tax
(270,788)
(464,724)
Net assets
1,099,020
1,878,499
Called up share capital
1
1
Revaluation reserve
919,487
1,746,269
Profit and loss account
179,532
132,229
Shareholders' funds
1,099,020
1,878,499
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by
Scott Moon
Director
Company Registration No. 13449745
Tregonning Village Ltd
Notes to the Accounts
for the year ended 31 August 2024
Tregonning Village Ltd is a private company, limited by shares, registered in England and Wales, registration number 13449745. The registered office is 24-26 Whalley Road, Accrington, Lancashire, BB5 1AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation - assets under construction
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Capitalisation of Interest
Interest on bank loans is capitalised within land and buildings as these assets are under construction and are expected to take more than twelve months to prepare for intended use.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tregonning Village Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
4,059,829
21,637
21,600
4,103,066
Additions
225,889
5,291
12,865
244,045
Revaluations
(1,020,718)
-
-
(1,020,718)
At 31 August 2024
3,265,000
26,928
34,465
3,326,393
At 1 September 2023
-
5,346
4,651
9,997
Charge for the year
-
5,097
5,378
10,475
At 31 August 2024
-
10,443
10,029
20,472
At 31 August 2024
3,265,000
16,485
24,436
3,305,921
At 31 August 2023
4,059,829
16,291
16,949
4,093,069
Carrying amount of land and buildings on cost basis
2,107,470
1,881,581
The directors have revalued the land and buildings at their assessment of open market value.
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
986,221
979,970
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,540,913
2,231,000
Trade creditors
38,708
21,385
Taxes and social security
1,319
-
Loans from directors
-
1,316
The bank loans are secured on the assets under construction and also by a personal guarantee from the directors.
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
190,416
661,589
Tregonning Village Ltd
Notes to the Accounts
for the year ended 31 August 2024
8
Deferred taxation
2024
2023
Revaluation of land and buildings
270,788
464,724
Provision at start of year
464,724
32,745
(Credited)/charged to other comprehensive income
(193,936)
431,979
Provision at end of year
270,788
464,724
9
Transactions with related parties
At 31 August 2024, the company was owed £986,221 (2023: £979,970) by companies under common control. During the year, advances of £377,250 were made and repayments of £371,000 were received. No interest is payable on these balances and repayment will be after more than year.
At 31 August 2024, the company owed £190,416 (2023: £661,587) to a company under common control. During year, the company was advanced £541,873 and repaid £986,044. No interest is payable on these balances and repayment will be after more than year.
During the year, the company invoiced £324,000 (2023: £654,000) for project development consultancy to a company under common control. These invoices are included in the loan movements detailed above.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).