back to TREBARTHA ESTATES LIMITED detail Trebartha Estates Limited - Accounts to registrar - small 17.2
IRIS Accounts Production v17.2.1.52 00363312 Board of Directors 26.3.16 25.3.17 25.3.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure003633122016-03-25003633122017-03-25003633122016-03-262017-03-25003633122015-03-25003633122015-03-262016-03-25003633122016-03-2500363312ns15:EnglandWales2016-03-262017-03-2500363312ns14:PoundSterling2016-03-262017-03-2500363312ns10:Director12016-03-262017-03-2500363312ns10:PrivateLimitedCompanyLtd2016-03-262017-03-2500363312ns10:SmallEntities2016-03-262017-03-2500363312ns10:AuditExempt-NoAccountantsReport2016-03-262017-03-2500363312ns10:SmallCompaniesRegimeForDirectorsReport2016-03-262017-03-2500363312ns10:SmallCompaniesRegimeForAccounts2016-03-262017-03-2500363312ns10:FullAccounts2016-03-262017-03-2500363312ns10:Director22016-03-262017-03-2500363312ns10:Director32016-03-262017-03-2500363312ns10:Director42016-03-262017-03-2500363312ns10:Director52016-03-262017-03-2500363312ns10:CompanySecretary12016-03-262017-03-2500363312ns10:RegisteredOffice2016-03-262017-03-2500363312ns5:CurrentFinancialInstruments2017-03-2500363312ns5:CurrentFinancialInstruments2016-03-2500363312ns5:Non-currentFinancialInstruments2017-03-2500363312ns5:Non-currentFinancialInstruments2016-03-2500363312ns5:ShareCapital2017-03-2500363312ns5:ShareCapital2016-03-2500363312ns5:RevaluationReserve2017-03-2500363312ns5:RevaluationReserve2016-03-2500363312ns5:RetainedEarningsAccumulatedLosses2017-03-2500363312ns5:RetainedEarningsAccumulatedLosses2016-03-2500363312ns5:LeaseholdImprovements2016-03-262017-03-2500363312ns5:PlantMachinery2016-03-262017-03-2500363312ns5:LeaseholdImprovements2016-03-2500363312ns5:PlantMachinery2016-03-2500363312ns5:LeaseholdImprovements2017-03-2500363312ns5:PlantMachinery2017-03-2500363312ns5:LeaseholdImprovements2016-03-2500363312ns5:PlantMachinery2016-03-2500363312ns5:CostValuation2016-03-2500363312ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-2500363312ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-2500363312ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2017-03-2500363312ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2016-03-2500363312ns5:RevaluationReserve2016-03-25


REGISTERED NUMBER: 00363312 (England and Wales)












Trebartha Estates Limited

Unaudited Financial Statements

for the Year Ended 25th March 2017






Trebartha Estates Limited (Registered number: 00363312)






Contents of the Financial Statements
for the Year Ended 25th March 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trebartha Estates Limited

Company Information
for the Year Ended 25th March 2017







DIRECTORS: AJ Robson
JRT Barker
Miss C R Latham
P Latham
R J Latham



SECRETARY: R A C Latham



REGISTERED OFFICE: 12 Southgate Street
LAUNCESTON
Cornwall
PL15 9DP



BUSINESS ADDRESS: c/o Mr Micheal Greet
Savills
73 Lemon Street
Truro
Cornwall
TR1 2PN



REGISTERED NUMBER: 00363312 (England and Wales)



ACCOUNTANTS: Hodgsons
Chartered Accountants
12 Southgate Street
Launceston
Cornwall
PL15 9DP



BANKERS: Barclays Bank PLC
6 Broad Street
Launceston
Cornwall
PL15 8AF

Trebartha Estates Limited (Registered number: 00363312)

Statement of Financial Position
25th March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,240 28,876
Investments 5 691,283 691,283
Investment property 6 7,781,232 7,781,232
8,507,755 8,501,391

CURRENT ASSETS
Debtors 7 112,321 134,217
Cash at bank 114,841 117,223
227,162 251,440
CREDITORS
Amounts falling due within one year 8 254,365 251,057
NET CURRENT (LIABILITIES)/ASSETS (27,203 ) 383
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,480,552

8,501,774

CREDITORS
Amounts falling due after more than one
year

9

(433,159

)

(455,286

)

PROVISIONS FOR LIABILITIES (1,255,237 ) (1,328,945 )
NET ASSETS 6,792,156 6,717,543

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Revaluation reserve 11 6,939,263 6,939,263
Profit and Loss Account (187,107 ) (261,720 )
SHAREHOLDERS' FUNDS 6,792,156 6,717,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th March 2017 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.

Trebartha Estates Limited (Registered number: 00363312)

Statement of Financial Position - continued
25th March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29th August 2017 and were signed on its behalf
by:





R J Latham - Director


Trebartha Estates Limited (Registered number: 00363312)

Notes to the Financial Statements
for the Year Ended 25th March 2017

1. STATUTORY INFORMATION

Trebartha Estates Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number, registered office and principal place of business addresses can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and water charges receivable in the year. It also includes income from Holiday Letting
and Woodlands. Turnover is shown excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 30 years
Plant and machinery - 25% on cost, 25% on reducing balance and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognied in the profit and loss. Deferred tax is provided
on these gains at the rate expected to apply when the property is sold.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 26th March 2016 - 145,285 145,285
Additions 7,564 7,150 14,714
At 25th March 2017 7,564 152,435 159,999
DEPRECIATION
At 26th March 2016 - 116,409 116,409
Charge for year 122 8,228 8,350
At 25th March 2017 122 124,637 124,759
NET BOOK VALUE
At 25th March 2017 7,442 27,798 35,240
At 25th March 2016 - 28,876 28,876


Trebartha Estates Limited (Registered number: 00363312)

Notes to the Financial Statements - continued
for the Year Ended 25th March 2017

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 26th March 2016
and 25th March 2017 691,283
NET BOOK VALUE
At 25th March 2017 691,283
At 25th March 2016 691,283

Cost or valuation at 25th March 2017 is represented by:

Shares in
group
undertakings
£   
Cost 691,283

The company's investments at the Statement of Financial Position date in the share capital of companies include
the following:

Associated company

Trebartha Hydro Ltd - A 49% shareholding was acquired on 09/03/2015.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 26th March 2016
and 25th March 2017 7,781,232
NET BOOK VALUE
At 25th March 2017 7,781,232
At 25th March 2016 7,781,232

Cost or valuation at 25th March 2017 is represented by:

£   
Valuation in 2003 1,598,109
Valuation in 2004 64,814
Valuation in 2005 153,230
Valuation in 2006 26,361
Valuation in 2007 124,088
Valuation in 2008 25,440
Valuation in 2009 147,770
Valuation in 2010 303,835
Valuation in 2011 896,043
Valuation in 2012 3,599,573
Cost 841,969
7,781,232

Investment property was revalued in 2012.

Note that the revaluation shown in 2003 contains all pre 2003 revaluations.

Trebartha Estates Limited (Registered number: 00363312)

Notes to the Financial Statements - continued
for the Year Ended 25th March 2017

7. DEBTORS
2017 2016
£    £   
Amounts falling due within one year:
Trade debtors 85,550 111,006
Other debtors 26,771 10,106
112,321 121,112

Amounts falling due after more than one year:
Other debtors - 13,105

Aggregate amounts 112,321 134,217

Included within current debtors is a loan made by Trebartha Estates Ltd to an associated company, Trebartha
Hydro Ltd. The remaining balance at the 25th March 2017 was £7,610. Also due by Trebartha Hydro Ltd is
generation rent of £9,256.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 157,840 195,365
Taxation and social security 27,099 19,633
Other creditors 69,426 36,059
254,365 251,057

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 433,159 455,286

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 312,648 331,193

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank Loans 463,287 462,473

Barclays Bank PLC has a fixed and floating charge over the company's assets, property and undertakings.

11. RESERVES
Revaluation
reserve
£   
At 26th March 2016
and 25th March 2017 6,939,263

Trebartha Estates Limited (Registered number: 00363312)

Notes to the Financial Statements - continued
for the Year Ended 25th March 2017

12. RELATED PARTY DISCLOSURES

Trebartha Estates Ltd owns 49% of the issued share capital of Trebartha Hydro Ltd. At the year end Trebartha
Hydro Ltd owed £7,610 arising from loans provided in previous years and £9,256 of generation rent calculated
as 7.5% of income. Trebartha Hydro Ltd rents the land for the Hydro plant from Trebartha Estates at £20,000 per
annum.

13. ULTIMATE CONTROLLING PARTY

No single entity or person has control over the company.