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Company No: 00685317 (England and Wales)

# L.J.TREGUNNA (BUILDERS) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

L.J.TREGUNNA (BUILDERS) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

L.J.TREGUNNA (BUILDERS) LIMITED

## BALANCE SHEET

As at 31 March 2026
L.J.TREGUNNA (BUILDERS) LIMITED

## BALANCE SHEET (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 210,648 |  | 187,857
Investment property | 4 | 718,471 |  | 718,471
|  | 929,119 |  | 906,328
Current assets |  |  |  |
Stocks | 5 | 3,782 |  | 5,376
Debtors | 6 | 55,544 |  | 91,683
Cash at bank and in hand |  | 134,096 |  | 120,834
|  | 193,422 |  | 217,893
Creditors: amounts falling due within one year | 7 | ( 65,451) |  | ( 67,140)
Net current assets |  | 127,971 |  | 150,753
Total assets less current liabilities |  | 1,057,090 |  | 1,057,081
Provision for liabilities |  | ( 81,734) |  | ( 76,036)
Net assets |  | 975,356 |  | 981,045
Capital and reserves |  |  |  |
Called-up share capital |  | 9,500 |  | 9,500
Revaluation reserve |  | 260,585 |  | 260,585
Profit and loss account |  | 705,271 |  | 710,960
Total shareholder's funds |  | 975,356 |  | 981,045

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of L.J.Tregunna (Builders) Limited (registered number: 00685317) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

K J Tregunna Director |

L.J.TREGUNNA (BUILDERS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
L.J.TREGUNNA (BUILDERS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 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

L.J.Tregunna (Builders) 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 49 Kenwyn Street, Truro, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 received or receivable for the provision of building and undertaking services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### 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 | not depreciated
Plant and machinery | 15 % reducing balance
Vehicles | 15 - 25 % reducing balance

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.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 9 |  | 8

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2025 | 95,592 |  | 98,393 |  | 300,633 |  | 494,618
Additions | 0 |  | 4,343 |  | 37,155 |  | 41,498
Disposals | 0 |  | 0 |  | ( 21,701) |  | ( 21,701)
At 31 March 2026 | 95,592 |  | 102,736 |  | 316,087 |  | 514,415
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2025 | 0 |  | 71,509 |  | 235,252 |  | 306,761
Charge for the financial year | 0 |  | 4,147 |  | 12,885 |  | 17,032
Disposals | 0 |  | 0 |  | ( 20,026) |  | ( 20,026)
At 31 March 2026 | 0 |  | 75,656 |  | 228,111 |  | 303,767
Net book value |  |  |  |  |  |  |
At 31 March 2026 | 95,592 |  | 27,080 |  | 87,976 |  | 210,648
At 31 March 2025 | 95,592 |  | 26,884 |  | 65,381 |  | 187,857

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2025 | 718,471
As at 31 March 2026 | 718,471

#### 5. Stocks

| 2026 |  | 2025
| £ |  | £
Stocks | 3,782 |  | 5,376

#### 6. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 38,800 |  | 59,712
Amounts owed by director | 13,601 |  | 14,607
Prepayments and accrued income | 2,139 |  | 17,364
Other debtors | 1,004 |  | 0
| 55,544 |  | 91,683

#### 7. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 30,578 |  | 13,421
Taxation and social security | 20,870 |  | 37,087
Other creditors | 14,003 |  | 16,632
| 65,451 |  | 67,140

#### 8. Related party transactions

Transactions with the entity's director

| 2026 |  | 2025
| £ |  | £
K J Tregunna | 13,601 |  | 14,607

During the year £13,785 (2025 - £16,348) was advanced to the director and £15,000 (2025 - £40,000) was repaid. Interest was charged at 3.75% in the year totalling £209 (2025 - £204) .At the balance sheet date the amount due to the company was £13,601 (2025 - £14,607).