Company registration number 01551127 (England and Wales)
TRANSPORT ENTERPRISES 2000 LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TRANSPORT ENTERPRISES 2000 LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
Notes to the financial statements
3 - 7
Information for management
-
TRANSPORT ENTERPRISES 2000 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,818
338
Investment properties
4
3,194,293
2,740,000
3,196,111
2,740,338
Current assets
Debtors
5
5,037
3,144
Cash at bank and in hand
280,078
77,375
285,115
80,519
Creditors: amounts falling due within one year
6
(29,296)
(91,682)
Net current assets/(liabilities)
255,819
(11,163)
Total assets less current liabilities
3,451,930
2,729,175
Creditors: amounts falling due after more than one year
7
(1,655,874)
(963,682)
Provisions for liabilities
(107,796)
(79,396)
Net assets
1,688,260
1,686,097
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
9
837,359
762,445
Profit and loss reserves
850,801
923,552
Total equity
1,688,260
1,686,097

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TRANSPORT ENTERPRISES 2000 LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 December 2025 and are signed on its behalf by:
Mrs D M Wilson
Mr M Wilson
Director
Director
Company Registration No. 01551127
TRANSPORT ENTERPRISES 2000 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Transport Enterprises 2000 Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Walk Building, 110 Regent Road, Leicester, LE1 7LT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable , and is shown net of VAT . Turnover comprises rent receivable from investment properties and is recognised on a receivable basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured, net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% per annum of cost
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TRANSPORT ENTERPRISES 2000 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to the profit and loss account on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
7,926
Additions
1,899
At 31 March 2025
9,825
Depreciation and impairment
At 1 April 2024
7,588
Depreciation charged in the year
419
At 31 March 2025
8,007
Carrying amount
At 31 March 2025
1,818
At 31 March 2024
338
TRANSPORT ENTERPRISES 2000 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Investment property
2025
£
Fair value
At 1 April 2024
2,740,000
Additions
354,293
Revaluations
100,000
At 31 March 2025
3,194,293

The fair value of the investment properties are stated at directors' valuations which have been guided by independent advice.

5
Debtors
2025
2024
Amounts falling due within one year
£
£
Other debtors
1,881
-
0
Prepayments and accrued income
3,156
3,144
5,037
3,144
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
32,611
Trade creditors
21,879
25,474
Corporation tax
1,613
26,135
Other taxation and social security
468
947
Other creditors
720
2,098
Accruals and deferred income
4,616
4,417
29,296
91,682

All bank borrowings are secured by fixed and floating charges over the assets of the company. The aggregate amount of creditors for which security has been given amounted to £nil (2024 - £32,611).

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,655,874
963,682

All bank borrowings are secured by fixed and floating charges over the assets of the company. The aggregate amount of creditors for which security has been given amounted to £1,655,874 (2024 - £963,682).

TRANSPORT ENTERPRISES 2000 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Creditors: amounts falling due after more than one year
(Continued)
- 6 -
Amounts included above which fall due after five years are as follows:
Payable by instalments
-
744,266
Payable other than by instalments
1,655,874
94,999
1,655,874
839,265
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Revaluation reserve

The revaluation reserve comprises revaluation surpluses for certain investment properties net of associated deferred tax on these surpluses.

10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
-
0
4,579
11
Directors' transactions

At the year end there is a balance due from the directors amounting to £1,881 (2024 - £1,378 balance due to the directors).

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors
-
(1,378)
29,019
(25,760)
1,881
(1,378)
29,019
(25,760)
1,881
TRANSPORT ENTERPRISES 2000 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
12
Parent company

The company is a wholly owned subsidiary of Astleigh Properties Limited. The registered address of which is the same as the company's registered office address as given in the company information page of these financial statements.

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