REGISTERED NUMBER: 12895963 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Three Nations Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Kimpton

E R Le Masurier

REGISTERED OFFICE:

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

REGISTERED NUMBER:

12895963 (England and Wales)

ACCOUNTANTS:

Verinder Powell Associates Ltd

Suite 5 Corum 2

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Tangible assets

4

8,339

-

Investment property

5

379,789

-

388,128

-

CURRENT ASSETS

Debtors

6

36,855

55,748

Cash at bank

3,513

74,360

40,368

130,108

CREDITORS

Amounts falling due within one year

7

67,521

32,473

NET CURRENT (LIABILITIES)/ASSETS

(27,153

)

97,635

TOTAL ASSETS LESS CURRENT LIABILITIES

360,975

97,635

CREDITORS

Amounts falling due after more than one year

8

270,000

-

NET ASSETS

90,975

97,635

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

90,971

97,631

SHAREHOLDERS' FUNDS

90,975

97,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2025 and were signed on its behalf by:

A J Kimpton - Director

E R Le Masurier - Director

1.	STATUTORY INFORMATION

Three Nations Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets

Tangible fixed 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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

- 20% straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

9,594

At 30 September 2024

9,594

DEPRECIATION

Charge for year

1,255

At 30 September 2024

1,255

NET BOOK VALUE

At 30 September 2024

8,339

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

379,789

At 30 September 2024

379,789

NET BOOK VALUE

At 30 September 2024

379,789

The fair value of the investment property has been arrived at by a valuation by the directors at the open market value at 30 September 2024 based on similar properties.

If the investment property had been recognised under the historic cost accounting rules, the property value would have been £379,789 (2023 - £Nil).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

35,400

55,400

Other debtors

1,455

348

36,855

55,748

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

8,117

-

Taxation and social security

16,990

25,007

Other creditors

42,414

7,466

67,521

32,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

270,000

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

270,000

-

The bank loan is secured by way of fixed and floating charges over the assets of the company.

10.	RELATED PARTY DISCLOSURES

Loans from related parties

Key management

Total

2024

£

£

At start of period

6,471

6,471

Advanced

39,024

39,024

Repaid

(5,000

)

(5,000

)

At end of period

40,495

40,495

Key management

Total

2023

£

£

At start of period

85,847

85,847

Advanced

624

624

Repaid

(80,000

)

(80,000

)

At end of period

6,471

6,471

Loans from key management are interest free and repayable on demand.