3
31/12/2021
2021-12-31
false
false
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false
false
No description of principal activities is disclosed
2021-01-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
202719
2021-01-01
2021-12-31
202719
2021-12-31
202719
2020-12-31
202719
2020-01-01
2020-12-31
202719
2020-12-31
202719
2019-12-31
202719
core:FurnitureFittingsToolsEquipment
2021-01-01
2021-12-31
202719
core:MotorVehicles
2021-01-01
2021-12-31
202719
bus:RegisteredOffice
2021-01-01
2021-12-31
202719
bus:LeadAgentIfApplicable
2021-01-01
2021-12-31
202719
bus:Director2
2021-01-01
2021-12-31
202719
bus:Director3
2021-01-01
2021-12-31
202719
bus:Director4
2021-01-01
2021-12-31
202719
bus:CompanySecretary1
2021-01-01
2021-12-31
202719
core:RetainedEarningsAccumulatedLosses
2020-01-01
2020-12-31
202719
core:RetainedEarningsAccumulatedLosses
2021-01-01
2021-12-31
202719
core:WithinOneYear
2021-12-31
202719
core:WithinOneYear
2020-12-31
202719
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2021-12-31
202719
core:AfterOneYear
2020-12-31
202719
core:ShareCapital
2021-12-31
202719
core:ShareCapital
2020-12-31
202719
core:OtherReservesSubtotal
2021-12-31
202719
core:OtherReservesSubtotal
2020-12-31
202719
core:RetainedEarningsAccumulatedLosses
2021-12-31
202719
core:RetainedEarningsAccumulatedLosses
2020-12-31
202719
core:ShareCapital
2019-12-31
202719
core:CapitalRedemptionReserve
2019-12-31
202719
core:RetainedEarningsAccumulatedLosses
2019-12-31
202719
core:CapitalRedemptionReserve
2020-12-31
202719
core:CapitalRedemptionReserve
2021-12-31
202719
core:CostValuation
core:Non-currentFinancialInstruments
2020-12-31
202719
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2021-12-31
202719
core:CostValuation
core:Non-currentFinancialInstruments
2021-12-31
202719
core:Non-currentFinancialInstruments
2021-12-31
202719
core:Non-currentFinancialInstruments
2020-12-31
202719
bus:SmallEntities
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2021-12-31
202719
bus:AuditExemptWithAccountantsReport
2021-01-01
2021-12-31
202719
bus:AbridgedAccounts
2021-01-01
2021-12-31
202719
bus:SmallCompaniesRegimeForAccounts
2021-01-01
2021-12-31
202719
bus:PrivateLimitedCompanyLtd
2021-01-01
2021-12-31
202719
core:Subsidiary1
2021-01-01
2021-12-31
202719
core:Associate1
2021-01-01
2021-12-31
202719
core:Associate1
2020-01-01
2020-12-31
202719
core:Subsidiary2
2021-01-01
2021-12-31
202719
core:Associate2
2020-01-01
2020-12-31
202719
core:Associate3
2021-01-01
2021-12-31
202719
core:Associate3
2020-01-01
2020-12-31
202719
core:Associate1
2021-12-31
202719
core:Associate1
2020-12-31
202719
core:Associate3
2021-12-31
202719
core:Associate3
2020-12-31
202719
core:AllAssociates
2021-01-01
2021-12-31
202719
1
2021-01-01
2021-12-31
Company registration number:
202719
Trafalgar Properties Limited
Unaudited filleted abridged financial statements
31 December 2021
Trafalgar Properties Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Trafalgar Properties Limited
Directors and other information
|
|
|
|
Directors
|
|
|
|
Mr M. Poland
|
|
|
Mr W. Valler
|
|
|
Mr T. McShane
|
|
|
|
|
|
|
|
Secretary
|
Mr Stan Valler
|
|
|
|
|
|
|
|
Company number
|
202719
|
|
|
|
|
|
|
|
Registered office
|
St Martin's House
|
|
|
27-29 Ormside Way
|
|
|
Holmethorpe Industrial Estate
|
|
|
Redhill, Surrey
|
|
|
RH1 2LT
|
|
|
|
|
|
|
|
Business address
|
St Martins House, 27/29 Ormside Way
|
|
|
Holmethorpe Industrial Estate
|
|
|
Redhill
|
|
|
Surrey
|
|
|
RH1 2LT
|
|
|
|
|
|
|
|
Accountant
|
S Nunn and Co Limited
|
|
|
Unit 2, Guards Avenue
|
|
|
Caterham
|
|
|
Surrey
|
|
|
CR3 5XL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
HSBC PLC
|
|
|
249 Wimbledon Park Road
|
|
|
Southfields
|
|
|
London SW18 5RJ
|
|
|
|
Trafalgar Properties Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Trafalgar Properties Limited
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Trafalgar Properties Limited for the year ended 31 December 2021 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Trafalgar Properties Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Trafalgar Properties Limited and state those matters that we have agreed to state to the board of directors of Trafalgar Properties Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Trafalgar Properties Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Trafalgar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trafalgar Properties Limited. You consider that Trafalgar Properties Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Trafalgar Properties Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
S Nunn and Co Limited
Chartered Accountant
Unit 2, Guards Avenue
Caterham
Surrey
CR3 5XL
21 June 2022
Trafalgar Properties Limited
Abridged statement of financial position
31 December 2021
|
|
|
2021
|
|
|
|
2020
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
57,256
|
|
|
|
76,342
|
|
|
Investments
|
|
6
|
213,111
|
|
|
|
163,089
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
270,367
|
|
|
|
239,431
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
|
57,165
|
|
|
|
11,117
|
|
|
Cash at bank and in hand
|
|
|
968,808
|
|
|
|
869,341
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
1,025,973
|
|
|
|
880,458
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
|
(
38,590)
|
|
|
|
(
90,640)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current assets
|
|
|
|
|
987,383
|
|
|
|
789,818
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
1,257,750
|
|
|
|
1,029,249
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
|
|
|
(
7,266)
|
|
|
|
(
11,625)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net assets
|
|
|
|
|
1,250,484
|
|
|
|
1,017,624
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
39
|
|
|
|
39
|
Other reserves
|
|
|
|
|
481
|
|
|
|
481
|
Profit and loss account
|
|
|
|
|
1,249,964
|
|
|
|
1,017,104
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders funds
|
|
|
|
|
1,250,484
|
|
|
|
1,017,624
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2021 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
21 June 2022
, and are signed on behalf of the board by:
Mr W. Valler
Mr M. Poland
Director
Director
Company registration number:
202719
Trafalgar Properties Limited
Statement of changes in equity
Year ended 31 December 2021
|
|
Called up share capital
|
|
Capital redemption reserve
|
|
Profit and loss account
|
Total
|
|
|
|
|
|
£
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2020
|
|
39
|
|
481
|
|
463,333
|
463,853
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
|
|
553,771
|
553,771
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
-
|
|
553,771
|
553,771
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
At 31 December 2020 and 1 January 2021
|
|
39
|
|
481
|
|
1,017,104
|
1,017,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
|
|
272,860
|
272,860
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
-
|
|
272,860
|
272,860
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
|
|
(
40,000)
|
(
40,000)
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
Total investments by and distributions to owners
|
|
-
|
|
-
|
|
(
40,000)
|
(
40,000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
At 31 December 2021
|
|
39
|
|
481
|
|
1,249,964
|
1,250,484
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trafalgar Properties Limited
Notes to the financial statements
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is St Martin's House, 27-29 Ormside Way, Holmethorpe Industrial Estate, Redhill, Surrey, RH1 2LT.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration receivable for services rendered, net of Value Added Tax.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment
|
-
|
25 %
|
reducing balance
|
|
Motor vehicles
|
-
|
25 %
|
reducing balance
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2020:
3
).
5.
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
£
|
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 January 2021 and 31 December 2021
|
336,546
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 January 2021
|
260,204
|
|
|
|
|
|
|
|
Charge for the year
|
19,086
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
At 31 December 2021
|
279,290
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 December 2021
|
57,256
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
At 31 December 2020
|
76,342
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Investments
|
|
|
|
|
|
|
|
|
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 January 2021
|
163,089
|
|
|
|
|
|
|
Additions
|
50,022
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
At 31 December 2021
|
213,111
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
Impairment
|
|
|
|
|
|
|
|
At 1 January 2021 and 31 December 2021
|
-
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 December 2021
|
213,111
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
At 31 December 2020
|
163,089
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Transaction value
|
|
Balance owed by/(owed to)
|
|
|
|
2021
|
2020
|
2021
|
2020
|
|
|
£
|
£
|
£
|
£
|
|
W.B. Simpson & Sons Ltd
|
208,000
|
676,040
|
(
30,002)
|
6,798
|
|
W.B. Simpson & Sons (Terrazzo) Ltd
|
-
|
15,000
|
-
|
-
|
|
W.B. Simpson & Sons (Midlands) Ltd
|
24,000
|
24,000
|
3,260
|
2,400
|
|
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
During the year there were dividends paid of £nil to the directors of the company (2020: £nil). During the year the company charged management charges of £208,000 to W.B. Simpson & Sons Ltd (2020: £676,040) and management charges of £24,000 to W.B. Simpson & Sons (Midlands) Ltd (2020: £24,000). At the year end the company was owed £3,260 by W.B. Simpson & Sons (Midlands) Ltd (2020: £2,400) and owed £30,002 to W.B. Simpson & Sons Ltd (2020: £6,798 owed to the company).
8.
Controlling party
The directors consider that there is no ultimate controlling party.