Trafalgar (Bury) Limited - Accounts to registrar (filleted) - small 18.2

Trafalgar (Bury) Limited - Accounts to registrar (filleted) - small 18.2

TRAFALGAR (BURY) LIMITED - Company Information

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REGISTERED NUMBER: 08717430 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

TRAFALGAR (BURY) LIMITED
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRAFALGAR (BURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2021







DIRECTORS: P A Blows
D M Freeborn





REGISTERED OFFICE: Rae House
Dane Sreet
Bishop's Stortford
Hertfordshire
CM23 3BT





REGISTERED NUMBER: 08717430 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT
Page 1
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)

BALANCE SHEET
31 OCTOBER 2021

31.10.21 31.10.20
Notes £    £   
FIXED ASSETS
Investment property 5 600,000 825,000

CURRENT ASSETS
Debtors 6 38,133 -
Cash at bank 17,058 42,086
55,191 42,086
CREDITORS
Amounts falling due within one year 7 (16,891 ) (30,904 )
NET CURRENT ASSETS 38,300 11,182
TOTAL ASSETS LESS CURRENT LIABILITIES 638,300 836,182

CREDITORS
Amounts falling due after more than one year 8 (491,653 ) (551,653 )

PROVISIONS FOR LIABILITIES - (4,617 )
NET ASSETS 146,647 279,912

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value adjustment reserve 84,123 84,123
Retained earnings 62,424 195,689
SHAREHOLDERS' FUNDS 146,647 279,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)

BALANCE SHEET - continued
31 OCTOBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:





D M Freeborn - Director


The notes form part of these financial statements

Page 3
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

1. STATUTORY INFORMATION

Trafalgar (Bury) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable in the year.

Investment property
Investment property is shown at market value at the year end. Any surplus or deficit arising from changes in market value is recognised in profit and loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2020 825,000
Fair value adjustment (225,000 )
At 31 October 2021 600,000
NET BOOK VALUE
At 31 October 2021 600,000
At 31 October 2020 825,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Other debtors 38,133 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Taxation and social security 11,491 6,380
Other creditors 5,400 24,524
16,891 30,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.21 31.10.20
£    £   
Other creditors 491,653 551,653

Page 5
TRAFALGAR (BURY) LIMITED (REGISTERED NUMBER: 08717430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.21 31.10.20
value: £    £   
100 Ordinary £1 100 100

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