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Company Registration No. 08562458 (England and Wales)
TRG Investments Limited Unaudited accounts for the year ended 30 June 2023
TRG Investments Limited Unaudited accounts Contents
Page
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TRG Investments Limited Company Information for the year ended 30 June 2023
Director
Neil Gallagher
Company Number
08562458 (England and Wales)
Registered Office
4 MANSTON WAY ST. ALBANS HERTFORDSHIRE AL4 0AG
Accountants
Elizabeth Needham FFA Needham Accountancy Ltd Berkeley House Barnet Road London Colney, Hertfordshire AL2 1BG
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TRG Investments Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
300,000 
300,000 
Investments
50 
50 
300,050 
300,050 
Current assets
Debtors
5,412,515 
5,412,515 
Cash at bank and in hand
214,791 
258,832 
5,627,306 
5,671,347 
Creditors: amounts falling due within one year
(288,123)
(291,502)
Net current assets
5,339,183 
5,379,845 
Total assets less current liabilities
5,639,233 
5,679,895 
Creditors: amounts falling due after more than one year
(3,912,637)
(3,912,637)
Net assets
1,726,596 
1,767,258 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,726,594 
1,767,256 
Shareholders' funds
1,726,596 
1,767,258 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Neil Gallagher Director Company Registration No. 08562458
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TRG Investments Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
TRG Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08562458. The registered office is 4 MANSTON WAY, ST. ALBANS, HERTFORDSHIRE, AL4 0AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on reducing balance
Fixtures & fittings
25% per annum on reducing balance
Computer equipment
25% per annum on reducing balance
Substantial Shareholding Exemption
TRG Investments Limited received proceeds of £1,120,907 from the sale of a 50% share in Sentaca Consulting Limited (Registered in Ireland no. 448579). We believe that this gain is exempt from Corporation Tax under the Taxation of Chargeable Gains Act (TCGA) 1992, Schedule 7AC
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 July 2022
300,000 
At 30 June 2023
300,000 
Depreciation
At 30 June 2023
- 
Net book value
At 30 June 2023
300,000 
At 30 June 2022
300,000 
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TRG Investments Limited Notes to the Accounts for the year ended 30 June 2023
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
50 
Valuation at 30 June 2023
50 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
5,407,565 
5,407,565 
Amounts falling due after more than one year
Other debtors
4,950 
4,950 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
86 
- 
Loans from directors
287,142 
290,652 
Accruals
895 
850 
288,123 
291,502 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
3,912,637 
3,912,637 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Neil Gallagher
Short term loan from Director
(287,892)
- 
- 
(287,892)
Long term loan from Director
(3,851,791)
- 
- 
(3,851,791)
(4,139,683)
- 
- 
(4,139,683)
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TRG Investments Limited Notes to the Accounts for the year ended 30 June 2023
11
Transactions with related parties
At the period end, the company was owed £3,089,452 by NJP Developments Ltd, a company incorporated in Ireland and controlled by Neil Gallagher. TRG Investments Ltd owns 68% of NJP Developments Ltd. At the period end, the company was owed £2,318,113 (2021 - £1,116,360) by Caped Koala Studios Ltd, a company incorporated in England and Wales and controlled by Neil Gallagher. TRG Investments Ltd owned 50% of Sentaca Consulting Ltd, a company incorporated in Ireland and controlled by Neil Gallagher and Phil O'Neill. These shares were sold during the 2021/22 year for US$1,363,030 (STG£1,120,907). This income is exempt from corporation tax under the Taxation of Chargeable Gains Act (TCGA) 1992, Schedule 7AC.
12
Controlling party
The ultimate controlling party is Neil Gallagher, a director of the company.
13
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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