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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
Page
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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
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Tregonning Village Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,305,921 
4,093,069 
Current assets
Debtors
986,221 
1,633,970 
Cash at bank and in hand
1,376 
623 
987,597 
1,634,593 
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 
Capital and reserves
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
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Tregonning Village Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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.
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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 
Depreciation
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 
Net book value
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 
2024 
2023 
£ 
£ 
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.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
654,000 
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 
VAT
152,354 
101,149 
Trade creditors
38,708 
21,385 
Taxes and social security
1,319 
- 
Loans from directors
- 
1,316 
Accruals
- 
368,000 
2,733,294 
2,722,850 
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 
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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 
2024 
2023 
£ 
£ 
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).
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