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REGISTERED NUMBER: 01814113 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

TRIASSIC DEVELOPMENTS LIMITED

TRIASSIC DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01814113)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRIASSIC DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: Dr S S Mehta
Mrs A Mehta
Mr P S Mehta
Mrs Neha Mehta





SECRETARY: Mrs A Mehta





REGISTERED OFFICE: The Dells
Valley Way
Gerrards Cross
Buckinghamshire
SL9 7PN





REGISTERED NUMBER: 01814113 (England and Wales)






TRIASSIC DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01814113)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,075 3,663
Investment property 5 1,550,000 1,550,000
1,557,075 1,553,663

CURRENT ASSETS
Debtors 6 11,640 14,442
Cash at bank 304,812 322,511
316,452 336,953
CREDITORS
Amounts falling due within one year 7 193,036 172,973
NET CURRENT ASSETS 123,416 163,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,680,491

1,717,643

PROVISIONS FOR LIABILITIES 8 117,000 117,000
NET ASSETS 1,563,491 1,600,643

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Fair value reserve 1,113,202 1,113,202
Retained earnings 350,289 387,441
SHAREHOLDERS' FUNDS 1,563,491 1,600,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th January 2024 and were signed on its behalf by:




Dr S S Mehta - Director


TRIASSIC DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01814113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Triassic Developments 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.

Turnover
Turnover, comprising income from property, is recognised on a straight line basis over the term of the lease or rental agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 the profit and loss account in the period to which they relate.

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

TRIASSIC DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01814113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2022 18,268 15,720 33,988
Additions 4,888 - 4,888
At 30th September 2023 23,156 15,720 38,876
DEPRECIATION
At 1st October 2022 16,538 13,787 30,325
Charge for year 993 483 1,476
At 30th September 2023 17,531 14,270 31,801
NET BOOK VALUE
At 30th September 2023 5,625 1,450 7,075
At 30th September 2022 1,730 1,933 3,663

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2022
and 30th September 2023 1,550,000
NET BOOK VALUE
At 30th September 2023 1,550,000
At 30th September 2022 1,550,000

Fair value at 30th September 2023 is represented by:
£   
Valuation in 1998 1,140,782
Valuation in 2005 (768,207 )
Valuation in 2012 307,627
Valuation in 2017 1,000,000
Valuation in 2020 (450,000 )
Cost 319,798
1,550,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 319,798 319,798

Investment property was valued on an open market basis on 30th September 2022 by the directors .

TRIASSIC DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01814113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,080
Other debtors 11,640 11,362
11,640 14,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,168 9,402
Amounts owed to group undertakings 150,000 150,000
Taxation and social security 6,243 9,768
Other creditors 33,625 3,803
193,036 172,973

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 117,000 117,000

Deferred
tax
£   
Balance at 1st October 2022 117,000
Balance at 30th September 2023 117,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary £ 1 100,000 100,000

10. RELATED PARTY DISCLOSURES

The company has received a loan from the Parent undertaking and the amount payable at the year-end was £150,000 (2022:£150,000).

11. ULTIMATE CONTROLLING PARTY



The company was under the control of the directors throughout the current and previous year by virtue of their shareholding in the parent undertaking S.J.R. Holdings Limited.