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REGISTERED NUMBER: 00935097 (England and Wales)














TRINITY MOTORS (BOND STREET) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


TRINITY MOTORS (BOND STREET) LIMITED

Company Information
for the Year Ended 31 December 2023







Director: Mrs S Howells





Secretary: Mrs S Howells





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 00935097 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668 997
Investment property 5 1,275,435 1,275,435
1,276,103 1,276,432

CURRENT ASSETS
Debtors 6 310,712 310,712
Cash at bank 407,267 79,299
717,979 390,011
CREDITORS
Amounts falling due within one year 7 458,307 139,704
NET CURRENT ASSETS 259,672 250,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,535,775

1,526,739

CAPITAL AND RESERVES
Called up share capital 123,000 123,000
Other reserves 740,509 740,509
Retained earnings 672,266 663,230
SHAREHOLDERS' FUNDS 1,535,775 1,526,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Balance Sheet - continued
31 December 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





Mrs S Howells - Director


TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

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


1. STATUTORY INFORMATION

Trinity Motors (Bond Street) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 January 2023
and 31 December 2023 2,089
Depreciation
At 1 January 2023 1,092
Charge for year 329
At 31 December 2023 1,421
Net book value
At 31 December 2023 668
At 31 December 2022 997

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 1,275,435
Net book value
At 31 December 2023 1,275,435
At 31 December 2022 1,275,435

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 740,509
Cost 534,926
1,275,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 310,712 310,712

TRINITY MOTORS (BOND STREET) LIMITED (REGISTERED NUMBER: 00935097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 16,203 9,283
Other creditors 442,104 130,421
458,307 139,704