Treste Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04130431

Treste Investments Limited

Filleted Unaudited Abridged Financial Statements

31 December 2024

Treste Investments Limited

Abridged Financial Statements

Year Ended 31 December 2024

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Treste Investments Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

	6	1,105	1,381
Investment property	7	650,000	650,000
		---------	---------
		651,105	651,381

Current Assets

Debtors	3,335	807
Cash at bank and in hand	149,706	195,157
	---------	---------
	153,041	195,964

Creditors: amounts falling due within one year	17,930		30,378
	---------		---------
Net Current Assets		135,111	165,586
		---------	---------
Total Assets Less Current Liabilities		786,216	816,967
		---------	---------
Net Assets		786,216	816,967
		---------	---------

Capital and Reserves

Called up share capital	8	290	290
Other reserves		237	237
Profit and loss account		785,689	816,440
		---------	---------
Shareholders Funds		786,216	816,967
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

Treste Investments Limited

Abridged Statement of Financial Position (continued)

31 December 2024

These abridged financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:

Ms G Widerman
Director

Company registration number: 04130431

Treste Investments Limited

Notes to the Abridged Financial Statements

Year Ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Revenue recognition

The turnover shown in the profit and loss account represents rents receivable for the year.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	20% reducing balance

Freehold property is not depreciated on the grounds that the depreciation charge and accumulated depreciation would be immaterial. This is due to the company having a policy and practice of regular maintenance and repair resulting in a high residual value. Maintenance and repair charges are recognised in the profit and loss account. In accordance with the FRSSE, the carrying values of freehold property are reviewed for impairment at the end of each period to ensure there are no events or changes in circumstances which would indicate the carrying value may not be recoverable.

Investments

Investment property whose fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No depreciation is provided in respect of investment properties.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses .

4. Turnover

Turnover amounted to £70,729 (2023: £70,729) for the year.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

6.

	£
Cost
At 1 January 2024 and 31 December 2024	2,698
	-------
Depreciation
At 1 January 2024	1,317
Charge for the year	276
	-------
At 31 December 2024	1,593
	-------
Carrying amount
At 31 December 2024	1,105
	-------
At 31 December 2023	1,381
	-------

7. Investment property

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	650,000
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	650,000
	---------
At 31 December 2023	650,000
	---------

The property valuation was made by the directors, on an open market value for existing use basis.

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.10 each	2,900	290	2,900	290
	-------	----	-------	----

9. Director's advances, credits and guarantees

There are no director's advances, credits or guarantees requiring disclosure.

10. Related party transactions

Treste Investments Limited owns the property out of which Treste Hire and Sales Limited operates, a related party by virtue of common ownership. During the year Treste Investments Limited charged rent and insurance of £42,081 (2023: £42,081) to Treste Hire and Sales Limited. The amount outstanding at the year end was £nil (2023: £nil).