Registered number
11221350
Trinity House 3 Ltd
Filleted Accounts
29 February 2024
Trinity House 3 Ltd
Registered number: 11221350
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 350,000 330,000
Current assets
Debtors 4 13 13
Cash at bank and in hand 20,453 33,337
20,466 33,350
Creditors: amounts falling due within one year 5 (51,371) (78,278)
Net current liabilities (30,905) (44,928)
Total assets less current liabilities 319,095 285,072
Creditors: amounts falling due after more than one year 6 (230,480) (230,480)
Provisions for liabilities (7,632) (3,832)
Net assets 80,983 50,760
Capital and reserves
Called up share capital 100 100
Profit and loss account 80,883 50,660
Shareholders' funds 80,983 50,760
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Lyes
Director
Approved by the board on 28 March 2024
Trinity House 3 Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 330,000
Surplus on revaluation 20,000
At 29 February 2024 350,000
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 350,000
At 28 February 2023 330,000
4 Debtors 2024 2023
£ £
Other debtors 13 13
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 482
Taxation and social security costs 3,758 3,031
Directors loan 23,512 37,199
Other creditors 24,101 37,566
51,371 78,278
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 230,480 230,480
7 Other information
Trinity House 3 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 High Street
Wellington
Somerset
TA21 8QT
Trinity House 3 Ltd 11221350 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts October 2023 release 2 Mr M Lyes No description of principal activity 11221350 2022-03-01 2023-02-28 11221350 core:WithinOneYear 2023-02-28 11221350 core:AfterOneYear 2023-02-28 11221350 core:ShareCapital 2023-02-28 11221350 core:RetainedEarningsAccumulatedLosses 2023-02-28 11221350 2023-03-01 2024-02-29 11221350 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11221350 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11221350 bus:Director40 2023-03-01 2024-02-29 11221350 1 2023-03-01 2024-02-29 11221350 2 2023-03-01 2024-02-29 11221350 core:LandBuildings 2023-03-01 2024-02-29 11221350 countries:England 2023-03-01 2024-02-29 11221350 bus:FRS102 2023-03-01 2024-02-29 11221350 bus:FullAccounts 2023-03-01 2024-02-29 11221350 2024-02-29 11221350 core:WithinOneYear 2024-02-29 11221350 core:AfterOneYear 2024-02-29 11221350 core:ShareCapital 2024-02-29 11221350 core:RetainedEarningsAccumulatedLosses 2024-02-29 11221350 core:LandBuildings 2024-02-29 11221350 2023-02-28 11221350 core:LandBuildings 2023-02-28 iso4217:GBP xbrli:pure