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Company registration number: 10575515

TritonExec Holdings Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 January 2023

 

TritonExec Holdings Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

TritonExec Holdings Limited

(Registration number: 10575515)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

391,885

391,885

Creditors: Amounts falling due within one year

5

(285,770)

(285,770)

Net assets

 

106,115

106,115

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

106,015

106,015

Total equity

 

106,115

106,115

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 


B D Graham
Director

   
 

TritonExec Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

The directors, in their assessment, have considered current and forecast trading and cashflows as well as any funding requirements and the potential for group support.

Investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Profit and loss account includes all current and prior period profits and losses.

 

TritonExec Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 January 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Amounts owed by/to group undertakings

Amounts owed by/to group undertakings are recognised initially at transaction price and subsequently measured at amortised costs using the effective interest method.

The year end balances are classified as current unless their is an unconditional right to defer receipt or settlement of the balance for at least twelve months after the reporting date.

If there is objective evidence that the company will not be able to collect all amounts due from group undertaking a provision for impairment is recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

391,885

391,885

Subsidiaries

£

Cost or valuation

At 1 February 2022

391,885

Provision

Carrying amount

At 31 January 2023

391,885

At 31 January 2022

391,885

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

TritonExec Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 January 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

TritonExec Limited

Acre House, 11-15 William Road, London

United Kingdom

100%

100%

TritonExec Inc

125 NE 32nd Street, Miami, Florida

United States of America

100%

100%

TritonExec India Private Limited

Lot no-35, Vitis Villa Kompally, Medchal Malkajgiri Hyderabad, Hyderabad Rangareddy, Telangana

India

100%

100%

Subsidiary undertakings

TritonExec Limited

The principal activity of TritonExec Limited is Employment placement agency.

TritonExec Inc

The principal activity of TritonExec Inc is Employment placement agency.

TritonExec India Private Limited

The principal activity of TritonExec India Private Limited is Employment placement agency.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Amounts owed to group undertakings and undertakings in which the company has a participating interest

285,770

285,770

6

Parent and ultimate parent undertaking

The company's immediate parent is Hirewell Inc, incorporated in United States of America.

 The ultimate parent is Prytek Holdings Pte Ltd, incorporated in Singapore.

 The most senior parent entity producing publicly available financial statements is Prytek Holdings Pte Ltd. These financial statements are available upon request from 4 Battery Road, #25-01 Bank of China Building, Singapore.

 

 

TritonExec Holdings Limited

Notes to the Financial Statements
for the Year Ended 31 January 2023

7

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 10 November 2023 was Christopher Walford ACA, who signed for and on behalf of Albert Goodman LLP.