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Company registration number: 13139162
Trackgate Properties Limited
Unaudited filleted financial statements
31 January 2025
Trackgate Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Trackgate Properties Limited
Directors and other information
Directors Mr D M Poynting
Mrs S Carey Poynting
Company number 13139162
Registered office 35 Hove Park Way
Hove
East Sussex
BN3 6PW
Business address 35 Hove Park Road
Hove
East Sussex
BN3 6PW
Accountants Keith Bellenie & Co Ltd
3 Cecilian Court
Cecilian Avenue
Worthing
West Sussex
BN14 8AP
Bankers Virgin
Trackgate Properties Limited
Statement of financial position
31 January 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 939,000 939,000
_______ _______
939,000 939,000
Current assets
Debtors 6 7,012 6,974
Cash at bank and in hand 74,009 31,343
_______ _______
81,021 38,317
Creditors: amounts falling due
within one year 7 ( 931,781) ( 933,908)
_______ _______
Net current liabilities ( 850,760) ( 895,591)
_______ _______
Total assets less current liabilities 88,240 43,409
Accruals and deferred income ( 32,422) ( 6,107)
_______ _______
Net assets 55,818 37,302
_______ _______
Capital and reserves
Called up share capital 500 202
Revaluation reserve ( 25,943) ( 25,943)
Profit and loss account 81,261 63,043
_______ _______
Shareholders funds 55,818 37,302
_______ _______
For the year ending 31 January 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:
Mr D M Poynting
Director
Company registration number: 13139162
Trackgate Properties Limited
Statement of changes in equity
Year ended 31 January 2025
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 February 2023 201 ( 25,943) 36,182 10,440
Profit for the year 26,861 26,861
_______ _______ _______ _______
Total comprehensive income for the year - - 26,861 26,861
Issue of shares 1 1
_______ _______ _______ _______
Total investments by and distributions to owners 1 - - 1
_______ _______ _______ _______
At 31 January 2024 and 1 February 2024 202 ( 25,943) 63,043 37,302
Profit for the year 18,218 18,218
_______ _______ _______ _______
Total comprehensive income for the year - - 18,218 18,218
Issue of shares 298 298
_______ _______ _______ _______
Total investments by and distributions to owners 298 - - 298
_______ _______ _______ _______
At 31 January 2025 500 ( 25,943) 81,261 55,818
_______ _______ _______ _______
Trackgate Properties Limited
Notes to the financial statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Hove Park Way, Hove, East Sussex, BN3 6PW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
5. Tangible assets
Freehold and leasehold properties Total
£ £
Cost
At 1 February 2024 and 31 January 2025 939,000 939,000
_______ _______
Depreciation
At 1 February 2024 and 31 January 2025 - -
_______ _______
Carrying amount
At 31 January 2025 939,000 939,000
_______ _______
At 31 January 2024 939,000 939,000
_______ _______
Investment property
The properties have been valued by the directors to show their fair value at 31 January 2025. In the opinion of the directors there was no change in value during the year.
6. Debtors
2025 2024
£ £
Trade debtors 300 300
Other debtors 6,712 6,674
_______ _______
7,012 6,974
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Loan 700,000 700,000
Corporation tax 4,273 6,300
Other creditors 227,508 227,608
_______ _______
931,781 933,908
_______ _______
The loan of £700,000 was advanced in December 2023 by Planlogic Software Limited. The interest rate on the loan is 4%. The directors of Trackgate Properties Limited are also directors of the lending company but they do not have control of that company. The loan is repayable on demand.