Tregenna Homes Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Tregenna Homes Limited

Balance Sheet

31 October 2025

	Note	2025 £	(As restated) 2024 £
Current assets
Debtors	4	257,034	262,045
Cash at bank and in hand		1,643	1,377
		258,677	263,422
Creditors: Amounts falling due within one year	5	(127,475)	(206,331)
Net assets		131,202	57,091
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		131,201	57,090
Shareholders' funds		131,202	57,091

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 May 2026 and signed on its behalf by:
 

......................................... J H Mason Director

Company Registration Number: 05204869

Tregenna Homes Limited

Notes to the Financial Statements

Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tregenna Castle Hotel
Trelyon Avenue
St Ives
Cornwall
TR26 2DE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

At the balance sheet date the company had net current assets, and net assets of £131,202 (2024 - net assets of £57,091).

The company continues to adopt the going concern basis in the preparation of the financial statements as a result of the continued support of its ultimate parent undertaking, Olive House Holdings Limited. In reaching their assessment of the appropriateness of the application of the going concern assertion management have considered a period of no less than 12 months from the approval of the financial statements.

Tregenna Homes Limited

Notes to the Financial Statements

Year Ended 31 October 2025

Reclassification of comparative amounts

The prior period financial statements have been restated to present an amount from prepayments as a related company balance.

This adjustment is presentational only and has had no impact whatsoever on the reported profit / loss for the prior year or the reported net assets or net current assets reported thereon.

Revenue recognition

Turnover represents net invoiced sales and rental of timeshare units, excluding value added tax.

Revenue is measured at the fair value of consideration received or receivable and represents the amount receivable in respect of the sale of residential units and the sale of timeshare club membership rights.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Inter company loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Tregenna Homes Limited

Notes to the Financial Statements

Year Ended 31 October 2025

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the range of estimation means that actual outcomes could differ from those estimates.

In the opinion of the Directors the key areas where estimation uncertainty exist in the financial statements are as follows:

Recoverability of inter group balances (note 4)
At the balance sheet date the company has amounts due from group undertakings of £211,699 (2024 - £221,199). Management have assessed the performance of the undertakings, as well as that of the wider group and do not believe that an impairment of this loan balance is necessary.

In the opinion of the Directors, the key areas where judgements have been made within the preparation of the financial statements or assumptions thereon are as follows:

Going concern
A key judgements made by the Directors with regards to the appropriateness of the going concern assertion are as outlined in the above accounting policy.

3	Staff numbers

The average number of persons employed by the company (excluding directors paid through a fellow group undertaking) during the year, was 1 (2024 - 1).

4

Debtors

	Note	2025  £	(As restated) 2024  £
Amounts due from group undertakings	7	211,699	221,199
Amounts due from related parties	7	45,335	40,737
Other debtors		-	109
		257,034	262,045

Tregenna Homes Limited

Notes to the Financial Statements

Year Ended 31 October 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Amounts owed to group undertakings	102,835	203,345
Corporation tax	15,592	-
Taxation and social security	6,541	-
Other creditors	282	831
Accruals and deferred income	2,225	2,155
	127,475	206,331