Registration number: 03636433

Trans-Pennine Properties Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Trans-Pennine Properties Limited

Company Information

Director

Mrs Linda RIGBY

Registered office

4 Croft Court Whitehills Business Park Blackpool Lancashire FY4 5PR

Accountants

Beckett Rawcliffe Limited Unit 17, Beckett House Sovereign Court Wyrefields Poulton Le Fylde Lancashire FY6 8JX

Trans-Pennine Properties Limited

(Registration number: 03636433)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,527,530	3,946,168
Current assets
Debtors	5	3,074,337	2,314,215
Cash at bank and in hand		1,033	-
		3,075,370	2,314,215
Creditors: Amounts falling due within one year	6	(1,558,580)	(311,339)
Net current assets		1,516,790	2,002,876
Total assets less current liabilities		5,044,320	5,949,044
Creditors: Amounts falling due after more than one year	6	(2,759,223)	(3,496,795)
Net assets		2,285,097	2,452,249
Capital and reserves
Called up share capital	7	60,000	60,000
Revaluation reserve		3,056,559	3,056,559
Retained earnings		(831,462)	(664,310)
Shareholders' funds		2,285,097	2,452,249

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 17 September 2025
 

......................................... Mrs Linda RIGBY Director

Trans-Pennine Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
4 Croft Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PR
England

These financial statements were authorised for issue by the director on 17 September 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

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.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trans-Pennine Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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
Freehold Buildings	over 50 years
Leasehold Land and Buildings	over the lease term
Plant and Machinery	over 5 years
Fixtures, Fittings, Tools and Equipment	over 5 years

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.

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. They are subsequently measured at amortised cost using the effective interest method, 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.

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 and subsequently measured at amortised cost using the effective interest method.

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.

Trans-Pennine Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 the director) during the year, was 2 (2023 - 2).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	4,664,800	3,298	4,668,098
Disposals	(410,800)	-	(410,800)
At 31 December 2024	4,254,000	3,298	4,257,298
Depreciation
At 1 January 2024	718,632	-	718,632
Charge for the year	87,134	-	87,134
Eliminated on disposal	(75,998)	-	(75,998)
At 31 December 2024	729,768	-	729,768
Carrying amount
At 31 December 2024	3,524,232	3,298	3,527,530
At 31 December 2023	3,946,168	-	3,946,168

Included within the net book value of land and buildings above is £1,950,290 (2023 - £2,626,903) in respect of freehold land and buildings and £1,573,942 (2023 - £1,319,264) in respect of long leasehold land and buildings.
 

Trans-Pennine Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		55,593	51,199
Amounts owed by related parties	10	3,013,831	2,257,666
Prepayments		4,913	5,350
		3,074,337	2,314,215

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	26,162	15,173
Taxation and social security	15,005	36,496
Accruals and deferred income	335,089	258,456
Other creditors	1,182,324	1,214
	1,558,580	311,339

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	2,759,223	3,496,795

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	60,000	60,000	60,000	60,000

8

Reserves

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

	Revaluation reserve £	Total £
Surplus/deficit on revaluation of other assets	1,258,121	1,258,121

Trans-Pennine Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,759,223	3,496,795

10	Related party transactions

Summary of transactions with other related parties

Entities under Common Control Inter Company Loan Accounts

Loans to related parties

2024	Other related parties £	Total £
At start of period	2,256,550	2,256,550
Advanced	757,281	757,281
At end of period	3,013,831	3,013,831

2023	Other related parties £	Total £
At start of period	2,384,779	2,384,779
Repaid	(128,229)	(128,229)
At end of period	2,256,550	2,256,550

11	Parent and ultimate parent undertaking

The company's immediate parent is Rigby Trust, incorporated in England.

 The ultimate controlling party is Linda Rigby.