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Company No: 03308516 (England and Wales)

# TRENGWAINTON DEVELOPMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TRENGWAINTON DEVELOPMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TRENGWAINTON DEVELOPMENTS LIMITED

## BALANCE SHEET

As at 31 March 2025
TRENGWAINTON DEVELOPMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 20,382 |  | 20,382
Investment property | 4 | 635,120 |  | 635,120
Investments |  | 0 |  | 158
|  | 655,502 |  | 655,660
Current assets |  |  |  |
Debtors | 5 | 56,648 |  | 56,648
Cash at bank and in hand | 6 | 76,251 |  | 37,693
|  | 132,899 |  | 94,341
Creditors: amounts falling due within one year | 7 | ( 19,575) |  | ( 19,154)
Net current assets |  | 113,324 |  | 75,187
Total assets less current liabilities |  | 768,826 |  | 730,847
Net assets |  | 768,826 |  | 730,847
Capital and reserves |  |  |  |
Called-up share capital | 8 | 355,002 |  | 355,002
Profit and loss account |  | 413,824 |  | 375,845
Total shareholders' funds |  | 768,826 |  | 730,847

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Trengwainton Developments Limited (registered number: 03308516) were approved and authorised for issue by the Board of Directors on 18 September 2025. They were signed on its behalf by:

Colonel E T Bolitho OBE Director |

TRENGWAINTON DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TRENGWAINTON DEVELOPMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Trengwainton Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Chyandour Office, Chyandour, Penzance, TR18 3LW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Prior year adjustment

During the year ended 31 March 2024 the value of the investment property declined by £72,780. In last year's accounts this was incorrectly shown as movement in a revaluation reserve. The prior year have been restated here to show this as a change in market value going through the main profit and loss account.
There is no impact on the overall balance sheet or reserves totals.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 20,382 |  | 20,382
At 31 March 2025 | 20,382 |  | 20,382
Accumulated depreciation |  |  |
At 01 April 2024 | 0 |  | 0
At 31 March 2025 | 0 |  | 0
Net book value |  |  |
At 31 March 2025 | 20,382 |  | 20,382
At 31 March 2024 | 20,382 |  | 20,382

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 635,120
As at 31 March 2025 | 635,120

Investment property comprises land at Chyenhal purchased on 1 January 2023. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the Estate Office. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 56,648 |  | 56,648

#### 6. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 76,190 |  | 37,633
Short-term deposits | 61 |  | 60
| 76,251 |  | 37,693

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 312 |  | 1,056
Other taxation and social security | 2,798 |  | 2,717
Other creditors | 16,465 |  | 15,381
| 19,575 |  | 19,154

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
355,002 ORDINARY shares of £ 1.00 each | 355,002 |  | 355,002