IRIS Accounts Production v23.3.0.418 09430281 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094302812022-03-31094302812023-03-31094302812022-04-012023-03-31094302812021-03-31094302812021-04-012022-03-31094302812022-03-3109430281ns10:Originalns15:EnglandWales2022-04-012023-03-3109430281ns14:PoundSterlingns10:Original2022-04-012023-03-3109430281ns10:Originalns10:Director12022-04-012023-03-3109430281ns10:Original2022-04-012023-03-3109430281ns10:Original2023-03-3109430281ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109430281ns10:Originalns10:SmallEntities2022-04-012023-03-3109430281ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109430281ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109430281ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109430281ns10:Originalns10:FullAccounts2022-04-012023-03-3109430281ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109430281ns10:Original2022-03-3109430281ns10:Originalns5:CurrentFinancialInstruments2023-03-3109430281ns10:Originalns5:CurrentFinancialInstruments2022-03-3109430281ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109430281ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109430281ns5:ShareCapitalns10:Original2023-03-3109430281ns5:ShareCapitalns10:Original2022-03-3109430281ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109430281ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109430281ns10:Original2021-04-012022-03-3109430281ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109430281ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109430281ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3109430281ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3109430281ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109430281ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3109430281ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 09430281 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

TRIAD DEVELOPMENTS LTD

TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 2


TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
Current assets
Stocks 1,102,342 832,281
Debtors 4 23,270 684
Cash at bank 65,168 185,297
1,190,780 1,018,262
Creditors
Amounts falling due within one year 5 651,301 469,115
Net current assets 539,479 549,147
Total assets less current liabilities 539,479 549,147

Creditors
Amounts falling due after more than one year 6 21,667 31,667
Net assets 517,812 517,480

Capital and reserves
Called up share capital 8 100 100
Retained earnings 517,712 517,380
Shareholders' funds 517,812 517,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





Mr A Trimmer - Director


TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Triad Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09430281. The registered office and business address is 14 Beaucroft Road, Wimborne, Dorset, BH21 2QW.

2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income from the sale of land and property. Turnover is recognised at legal completion and represents the amounts receivable for the property, net of discounts and VAT, where applicable.

Government grants
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 22,000 -
VAT 1,270 684
23,270 684

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 325,000 401,100
Trade creditors 3,636 67
Amounts owed to group undertakings 144,585 2,392
Tax 25,880 63,460
Directors' current accounts 150,000 -
Accruals and deferred income 2,200 2,096
651,301 469,115

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

7. Secured debts

All monies owing to, or to become owing to, Lloyds Bank PLC are secured by way of a legal charge, dated 20 March 2017, over all of the assets of the company.

All monies owing to, Lloyds Bank PLC in relation to Ash Tree Farm, Zoar Lane, Fifehead St Quintin, DT10 2AP are secured by way of a mortgage deed, dated 25 February 2022, containing a floating charge over all of the assets of the company.


All monies owing to, Lloyds Bank PLC in relation to Barrow View Farm, Broad Oak, Sturminster Newton, DT10 2HG are secured by way of a mortgage deed, dated 25 November 2022, containing a floating charge over all of the assets of the company.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100

9. Ultimate controlling party

The company is ultimately controlled by the director Mr A Trimmer, by virtue of his 51% holding in the voting share capital of the parent company, Taron Group Limited.