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Registration number: 11253164

TRIDO LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

TRIDO LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

TRIDO LTD

Company Information

Director

T Ivachko

Registered office

483 Green Lanes
London
N13 4BS

Accountants

K&S Professionals Limited
Chartered Certified Accountants
41 Rivington Crescent
Mill Hill
London
NW7 2LF

 

TRIDO LTD

(Registration number: 11253164)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

1,702,000

1,776,000

Current assets

 

Debtors

5

350,000

350,000

Cash at bank and in hand

 

165,867

284,766

 

515,867

634,766

Creditors: Amounts falling due within one year

6

(3,400)

(2,326)

Net current assets

 

512,467

632,440

Net assets

 

2,214,467

2,408,440

Capital and reserves

 

Called up share capital

7

2,500,000

2,500,000

Retained earnings

(285,533)

(91,560)

Shareholders' funds

 

2,214,467

2,408,440

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 7 February 2024
 

.........................................
T Ivachko
Director

 

TRIDO LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
483 Green Lanes
London
N13 4BS

These financial statements were authorised for issue by the director on 7 February 2024.

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.

Going concern

The director acknowledged the existence of losses and net liabilities and sought assurancce from the ultimate parent company. The director and shareholders of the ultimate parent company have given assurances that they will support the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

TRIDO LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents, trademarks and licences

4% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

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

 

TRIDO LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2023

1,850,000

1,850,000

At 31 December 2023

1,850,000

1,850,000

Amortisation

At 1 January 2023

74,000

74,000

Amortisation charge

74,000

74,000

At 31 December 2023

148,000

148,000

Carrying amount

At 31 December 2023

1,702,000

1,702,000

At 31 December 2022

1,776,000

1,776,000

5

Debtors

Current

2023
£

2022
£

Other debtors

350,000

350,000

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

826

Accruals and deferred income

3,400

1,500

3,400

2,326

7

Share capital

Allotted, called up and fully paid shares

 

TRIDO LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £100 each

25,000

2,500,000

25,000

2,500,000

         

8

Controlling Party

The company is under the control of its shareholders, Hape Holding AG and Dragon's Egg Ltd.

Hape Holding AG is a company registered in Switzerland. Their registered office address is Rotzbergstreet 30, 6362, Stansstad, Switzerland.

Dragon's Egg Ltd is a company registered in England and Wales. Their registered office address is 483 Green Lanes, London, England, N13 4BS.