IRIS Accounts Production v23.1.5.20 11562536 director 1.7.21 30.6.22 30.6.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115625362021-06-30115625362022-06-30115625362021-07-012022-06-30115625362020-06-30115625362020-07-012021-06-30115625362021-06-3011562536ns15:EnglandWales2021-07-012022-06-3011562536ns14:PoundSterling2021-07-012022-06-3011562536ns10:Director12021-07-012022-06-3011562536ns10:PrivateLimitedCompanyLtd2021-07-012022-06-3011562536ns10:SmallEntities2021-07-012022-06-3011562536ns10:AuditExempt-NoAccountantsReport2021-07-012022-06-3011562536ns10:SmallCompaniesRegimeForDirectorsReport2021-07-012022-06-3011562536ns10:SmallCompaniesRegimeForAccounts2021-07-012022-06-3011562536ns10:FullAccounts2021-07-012022-06-3011562536ns10:RegisteredOffice2021-07-012022-06-3011562536ns5:CurrentFinancialInstruments2022-06-3011562536ns5:CurrentFinancialInstruments2021-06-3011562536ns5:Non-currentFinancialInstruments2022-06-3011562536ns5:Non-currentFinancialInstruments2021-06-3011562536ns5:RetainedEarningsAccumulatedLosses2022-06-3011562536ns5:RetainedEarningsAccumulatedLosses2021-06-3011562536ns5:LongLeaseholdAssetsns5:LandBuildings2021-06-3011562536ns5:FurnitureFittings2021-06-3011562536ns5:ComputerEquipment2021-06-3011562536ns5:LongLeaseholdAssetsns5:LandBuildings2021-07-012022-06-3011562536ns5:FurnitureFittings2021-07-012022-06-3011562536ns5:ComputerEquipment2021-07-012022-06-3011562536ns5:LongLeaseholdAssetsns5:LandBuildings2022-06-3011562536ns5:FurnitureFittings2022-06-3011562536ns5:ComputerEquipment2022-06-3011562536ns5:LongLeaseholdAssetsns5:LandBuildings2021-06-3011562536ns5:FurnitureFittings2021-06-3011562536ns5:ComputerEquipment2021-06-3011562536ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3011562536ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-06-3011562536ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-06-3011562536ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2021-06-3011562536ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3011562536ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2021-06-3011562536ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3011562536ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2021-06-30
REGISTERED NUMBER: 11562536 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2022

FOR

TRIDEV HOSPITALITY LTD

TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRIDEV HOSPITALITY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2022







DIRECTOR: B P Ghimire



REGISTERED OFFICE: c/o The Old Bush
Bloomfield Road
Tipton
West Midlands
DY4 9AJ



REGISTERED NUMBER: 11562536 (England and Wales)



ACCOUNTANTS: Fields Business Advisors Ltd
2nd Floor
Landchard House
Victoria Street
West Bromwich
West Midlands
B70 8ER



BANKERS: Barclays Bank Plc
Queen Square
Wolverhampton
West Midlands
WV1 1DS

TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)

BALANCE SHEET
30TH JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,878 15,491

CURRENT ASSETS
Stocks 14,481 13,392
Debtors 6 1,212 38,890
Cash at bank and in hand 11,325 10,080
27,018 62,362
CREDITORS
Amounts falling due within one year 7 39,694 49,738
NET CURRENT (LIABILITIES)/ASSETS (12,676 ) 12,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

202

28,115

CREDITORS
Amounts falling due after more than one year 8 29,168 39,168
NET LIABILITIES (28,966 ) (11,053 )

RESERVES
Retained earnings (28,966 ) (11,053 )
(28,966 ) (11,053 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)

BALANCE SHEET - continued
30TH JUNE 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th October 2023 and were signed by:





B P Ghimire - Director


TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2022

1. STATUTORY INFORMATION

Tridev Hospitality Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is shorter
Leasehold property -7 years straight line
Fixtures and fittings -15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2022

3. ACCOUNTING POLICIES - continued

Government grants
During the period the company benefited from £4,532 of government grants in the form of the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which it compensates.

Also during the period the company benefited from £2,667 of Small Business Grant Fund (SBGF) and £5647 of Government Kick Start Scheme from local government to tackle the effects of the Covid-19 pandemic.
In accordance with our accounting policy this credit is included in other income within the Income Statement.

Going concern
Although the company's balance sheet shows an excess of liabilities over assets at 30th June 2022 of £28,966, nearly all of this amount is finance provided by the Bounce Back Loan which is guaranteed by the Government. This facility covers a period of six years maturing May 2026 to pay back at a favourable interest rate of 2.5% per annum.The director believes that the going concern basis remains appropriate for the preparation of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2021 17,000 4,468 - 21,468
Additions - - 478 478
At 30th June 2022 17,000 4,468 478 21,946
DEPRECIATION
At 1st July 2021 4,858 1,119 - 5,977
Charge for year 2,429 502 160 3,091
At 30th June 2022 7,287 1,621 160 9,068
NET BOOK VALUE
At 30th June 2022 9,713 2,847 318 12,878
At 30th June 2021 12,142 3,349 - 15,491

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Other debtors 1,212 30,678

Amounts falling due after more than one year:
Other debtors - 8,212

Aggregate amounts 1,212 38,890

TRIDEV HOSPITALITY LTD (REGISTERED NUMBER: 11562536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 10,060 7,786
Taxation and social security 1,723 10,865
Other creditors 17,911 21,087
39,694 49,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans (see note 9) 29,168 39,168

9. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,168 29,168

The above loan is unsecured and the terms are as follows:

Six year Bounce back loan maturing May 2026. Interest rate is fixed at 2.5% per annum.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The total aggregated advances during the year were £21,003 in credit (2021: £22,192), and the balance outstanding at the end of the year were £4,266 in credit (2021: £25,269 in debit).