Company Registration No. 09765185 (England and Wales)
T & R Property Limited
Unaudited accounts
for the year ended 31 March 2025
T & R Property Limited
Unaudited accounts
Contents
T & R Property Limited
Company Information
for the year ended 31 March 2025
Company Number
09765185 (England and Wales)
Registered Office
7 Carswell Close
Hutton
Brentwood
Essex
CM13 1PD
England
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
T & R Property Limited
Statement of financial position
as at 31 March 2025
Investment property
2,880,000
2,795,000
Cash at bank and in hand
42,208
76,284
Creditors: amounts falling due within one year
(22,704)
(482,619)
Net current assets/(liabilities)
28,893
(396,903)
Total assets less current liabilities
2,909,817
2,399,328
Creditors: amounts falling due after more than one year
(1,934,063)
(1,982,930)
Provisions for liabilities
Deferred tax
(183,333)
(162,083)
Net assets
792,421
254,315
Called up share capital
200
200
Revaluation reserve
603,499
518,499
Capital contribution reserve
100
100
Profit and loss account
188,622
(264,484)
Shareholders' funds
792,421
254,315
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2025 and were signed on its behalf by
T C Lonergan
Director
Company Registration No. 09765185
T & R Property Limited
Notes to the Accounts
for the year ended 31 March 2025
T & R Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09765185. The registered office is 7 Carswell Close, Hutton, Brentwood, Essex, CM13 1PD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Revenue represents rental and ancillary income due from properties for the period
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessaryfor any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.
T & R Property Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
768
1,301
2,069
At 31 March 2025
768
1,301
2,069
At 1 April 2024
198
640
838
Charge for the year
142
165
307
At 31 March 2025
340
805
1,145
At 31 March 2025
428
496
924
At 31 March 2024
570
661
1,231
Fair value at 1 April 2024
2,795,000
Net gain from fair value adjustments
85,000
At 31 March 2025
2,880,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows: £2,146,669.
Amounts falling due within one year
Accrued income and prepayments
-
450
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
39
738
Other creditors
19,900
479,594
Loans from directors
827
281
T & R Property Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,934,063
1,982,930
The bank loans are secured against properties included in these financial statements.
9
Transactions with related parties
At the balance sheet date, the company owed £nil (2024: £291,857) to T & R Enterprises Limited, a related party, by virtue of ownership by C J Lonergan.
At the balance sheet date, the company owed £nil (2024: £167,235) to 22nd Century Property Limited, a related party, by virtue of ownership by C J Lonergan.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).