Company No: 06144087 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,129		7,980
Investments	4	100		100
		4,229		8,080
Current assets
Debtors	5	150,472		159,981
Cash at bank and in hand		85,890		38,333
		236,362		198,314
Creditors: amounts falling due within one year	6	( 40,663)		( 35,418)
Net current assets		195,699		162,896
Total assets less current liabilities		199,928		170,976
Provision for liabilities		( 221)		( 479)
Net assets		199,707		170,497
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		199,705		170,495
Total shareholders' funds		199,707		170,497

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 Trevince Estate Limited (registered number: 06144087) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

Mrs P A Stone 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

Trevince Estate 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 Estate Office, Trevince Gwennap, Redruth, TR16 6BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities.
Turnover from management fees is recognised when the services are provided.

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 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 on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery etc.	3 years straight line

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.

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.

Investments
Investments in subsidiaries are measured at cost less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		2

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	34,942		2,858		37,800
At 31 March 2025	34,942		2,858		37,800
Accumulated depreciation
At 01 April 2024	27,527		2,293		29,820
Charge for the financial year	3,494		357		3,851
At 31 March 2025	31,021		2,650		33,671
Net book value
At 31 March 2025	3,921		208		4,129
At 31 March 2024	7,415		565		7,980

Included within the net book value of land and buildings above is £3,921 (2024 - £7,415) in respect of short leasehold land and buildings.

Land and buildings comprises tenant improvements.

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	100
At 31 March 2025	100
Carrying value at 31 March 2025	100
Carrying value at 31 March 2024	100

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:-
Subsidiary undertakings in: Trevince Retail Limited

Registered office:
The Estate Office
Trevince
Gwennap
Redruth
Cornwall
TR16 6BA

Holding: Ordinary

Proportion of voting rights and shares held: 100%

The principal activity of Trevince Retail Limited is a dormant company.

5. Debtors

	2025		2024
	£		£
Trade debtors	38,693		59,502
Prepayments	717		723
Other debtors	111,062		99,756
	150,472		159,981

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	145		846
Taxation and social security	9,276		7,641
Other creditors	31,242		26,931
	40,663		35,418

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Class A ordinary share of £ 1.00	1		1
1 Class B ordinary share of £ 1.00	1		1
	2		2

8. Related party transactions

Other debtors includes a loan totalling £95,000 (2024 - £95,000) to a company under common control, which was outstanding at the year end. No interest was charged on the loan during the year.