REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Trimast Associates Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2023 |
for |
Trimast Associates Limited |
Trimast Associates Limited (Registered number: 04629839) |
Contents of the Financial Statements |
for the year ended 31 January 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Trimast Associates Limited |
Company Information |
for the year ended 31 January 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 6, CherryTree Farm, |
Blackmore End Road |
Sible Hedingham |
CO9 3LG |
Trimast Associates Limited (Registered number: 04629839) |
Balance Sheet |
31 January 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Trimast Associates Limited (Registered number: 04629839) |
Balance Sheet - continued |
31 January 2023 |
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 |
Trimast Associates Limited (Registered number: 04629839) |
Notes to the Financial Statements |
for the year ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Trimast Associates Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Trimast Associates Limited (Registered number: 04629839) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 February 2022 |
Additions |
At 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
5. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2023 | 2022 |
£ | £ |
Investment options | 60,000 | 60,000 |
Investment in Finland | 1,731,946 | 1,652,604 |
Other Investments | 285,416 | 285,416 |
2,077,362 | 1,998,020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by associates |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 1,663,941 | 1,672,622 |
Taxation and social security |
Other creditors |
Trimast Associates Limited (Registered number: 04629839) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,387,500 | 1,117,631 |
9. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 2,159 | 4,477 |
Deferred |
tax |
£ |
Balance at 1 February 2022 |
Credit to Income Statement during year | ( |
) |
Balance at 31 January 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | 1 | 1,000 | 1,000 |
Trimast Associates Limited (Registered number: 04629839) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2023 |
11. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed £245,032 (2021: £245,901 owed from) to Holme Property & Maintenance Development Limited, a company of which George Hand is also a director. |
During the year the company paid expenses totalling £2,930 (2022: £2,755) on behalf of Hands on Property Ltd, a company of which George Hand is also a director. At the balance sheet date the company owed £939,506 (2022: £928,237) to Hands on Property Ltd. |
During the year the company loaned monies and paid expenses totalling £45,605 (2022: £1,366) to Home Property & Development Ltd, a company of which George Hand is also a director. At the balance sheet date the company was owed £106,455 (2022: £60,850) by Home Property & Development Ltd. |
During the year the company loaned monies and paid expenses totalling £524 (2022: £14,104) to JBA Development Ltd, a company of which George Hand is also a director. At the balance sheet date the company was owed £33,837 (2022: £33,313 by JBA Development Ltd. |
At the balance sheet date the company was owed £92,885 (2022: £92,885) from R&L Mulligan Ltd, a company of which George Hand is also a director. |
At the balance sheet date the company owed £479,402 (2022: £498,484) to Trimast Holdings Ltd, a company of which George Hand is also a director. |
At the balance sheet date the company was owed £148,839 (2022: £2,000,000 to Braintree Projects Ltd, a company of which George Hand is also a director. |
At the balance sheet date the company was owed £90,000 (2022: £50,000 by The Barking Project Ltd, a company of which George Hand is also a director. |
All companies are under common control. |