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REGISTERED NUMBER: 14287316 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 AUGUST 2022 TO 31 AUGUST 2023

FOR

TRALAIG LTD

TRALAIG LTD (REGISTERED NUMBER: 14287316)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 10 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRALAIG LTD

COMPANY INFORMATION
for the Period 10 August 2022 to 31 August 2023







DIRECTORS: G Davidson
J Johnston





REGISTERED OFFICE: 10 John Street
London
United Kingdom
WC1N 2EB





REGISTERED NUMBER: 14287316 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

TRALAIG LTD (REGISTERED NUMBER: 14287316)

BALANCE SHEET
31 August 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 221
Investment property 5 818,986
819,207

CURRENT ASSETS
Cash at bank and in hand 66,416

CREDITORS
Amounts falling due within one year 6 902,500
NET CURRENT LIABILITIES (836,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,877

)

RESERVES
Retained earnings (16,877 )
SHAREHOLDERS' FUNDS (16,877 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 7 August 2024 and were signed on its behalf by:



J Johnston - Director


TRALAIG LTD (REGISTERED NUMBER: 14287316)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 10 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Tralaig Ltd 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.

The accounts have been prepared on the going concern basis. The Company has financial support from the Directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

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.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS102.

Taxation
Taxation for the period 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 period 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.

TRALAIG LTD (REGISTERED NUMBER: 14287316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 10 August 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 295
At 31 August 2023 295
DEPRECIATION
Charge for period 74
At 31 August 2023 74
NET BOOK VALUE
At 31 August 2023 221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 818,986
At 31 August 2023 818,986
NET BOOK VALUE
At 31 August 2023 818,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors & accruals 902,500

TRALAIG LTD (REGISTERED NUMBER: 14287316)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 10 August 2022 to 31 August 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £0.01 -

1 Ordinary share of £0.01 was allotted and fully paid for cash at par during the period.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2023:

£   
J Johnston
Balance outstanding at start of period -
Amounts advanced (900,000 )
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period (900,000 )

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Genkan Ltd, a company incorporated in the UK. The ultimate parent company is Akafuji Ltd, a company incorporated in the UK. The ultimate controlling party is Jody Johnston, by virtue of his majority shareholding in Akafuji Ltd.