Company No: 03807934 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	11,785		3,722
Investment property	4	556,046		508,561
Investments	5	0		10,000
		567,831		522,283
Current assets
Debtors	6	5,865		41,677
Cash at bank and in hand		20,152		42,229
		26,017		83,906
Creditors: amounts falling due within one year	7	( 363,382)		( 312,604)
Net current liabilities		(337,365)		(228,698)
Total assets less current liabilities		230,466		293,585
Net assets		230,466		293,585
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		230,464		293,583
Total shareholder's funds		230,466		293,585

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Trewena Properties Limited (registered number: 03807934) were approved and authorised for issue by the Director on 24 September 2025. They were signed on its behalf by:

R Luard Director

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

Trewena Properties 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 Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Park Cottage, Crucis Park Estate, Barnsley Road, Cirencester, Gloucestershire, GL7 5DX.

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 £.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. Services are measured at fair value of consideration due. Where a service is incomplete at the year end, turnover represents the value of the services provided to that date based upon an appropriate proportion of the total expected consideration at completion. Invoices are not raised until a contract is complete so the value of incomplete services is included in amounts recoverable on contracts in the balance sheet

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed 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.

Plant and machinery	15 % reducing balance
Fixtures and fittings	25 % reducing balance

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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Total
	£		£		£
Cost
At 01 January 2024	0		5,369		5,369
Additions	10,085		0		10,085
At 31 December 2024	10,085		5,369		15,454
Accumulated depreciation
At 01 January 2024	0		1,647		1,647
Charge for the financial year	1,092		930		2,022
At 31 December 2024	1,092		2,577		3,669
Net book value
At 31 December 2024	8,993		2,792		11,785
At 31 December 2023	0		3,722		3,722

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	508,561
Additions	47,485
As at 31 December 2024	556,046

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	10,000		10,000
Disposals	( 10,000)		( 10,000)
At 31 December 2024	0		0
Carrying value at 31 December 2024	0		0
Carrying value at 31 December 2023	10,000		10,000

6. Debtors

	2024		2023
	£		£
Other debtors	5,865		41,677

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	1,068		0
Trade creditors	13,209		1,252
Other creditors	349,105		311,352
	363,382		312,604

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Brought forward	0		177,655
Advances to director	0		43,961
Repayments to director	0		(221,616)
	0		0

The loan to participator is repayable on demand and interest is charged at HMRC interest rates.