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REGISTERED NUMBER: 07685411 (England and Wales)




















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRS GROUP (UK) LIMITED

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


TRS GROUP (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: F T Suterwalla
H T Suterwalla
I T Suterwalla
M T Suterwalla
S T Suterwalla





REGISTERED OFFICE: 29 Welbeck Street
London
W1G 8DA





REGISTERED NUMBER: 07685411 (England and Wales)





ACCOUNTANTS: Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023


The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of holding company.

REVIEW OF BUSINESS
During the year company received interest income on the call deposit account.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

F T Suterwalla
H T Suterwalla
I T Suterwalla
M T Suterwalla
S T Suterwalla

FINANCIAL INSTRUMENTS
The Company's financial instruments comprises bank balances and its debtors.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





H T Suterwalla - Director


13 August 2024

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
£    £   

TURNOVER - -

Administrative expenses 3,600 8,777
OPERATING LOSS (3,600 ) (8,777 )

Interest receivable and similar income 173,798 66,985
PROFIT BEFORE TAXATION 170,198 58,208

Tax on profit 39,137 12,031
PROFIT FOR THE FINANCIAL
YEAR

131,061

46,177

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 500,000 500,000

CURRENT ASSETS
Debtors 5 26,390,925 26,390,925
Cash at bank 3,716,276 3,542,478
30,107,201 29,933,403
CREDITORS
Amounts falling due within one year 6 58,368 15,631
NET CURRENT ASSETS 30,048,833 29,917,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,548,833

30,417,772

CAPITAL AND RESERVES
Called up share capital 776,000 776,000
Retained earnings 29,772,833 29,641,772
SHAREHOLDERS' FUNDS 30,548,833 30,417,772

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 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.

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





H T Suterwalla - Director


TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

TRS Group (UK) 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.

Preparation of consolidated financial statements
The financial statements contain information about TRS Group (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks with original maturities of six months or more and repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Trade and other 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 creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Trade and other debtors
Trade debtors are amounts due from customers for goods and services provided in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 500,000
NET BOOK VALUE
At 31 December 2023 500,000
At 31 December 2022 500,000

TRS GROUP (UK) LIMITED (REGISTERED NUMBER: 07685411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

T.R. Suterwalla & Sons Limited
Registered office: United Kingdom
Nature of business: Property investments and property development
%
Class of shares: holding
Ordinary shares 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 10,000,000 10,000,000
Amounts owed by associates 16,390,925 16,390,925
26,390,925 26,390,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 39,137 12,031
Other creditors 15,631 -
Accrued expenses 3,600 3,600
58,368 15,631

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Following are the balances recorded with the related companies during the current and previous year:
2023 2022
£    £   
TRS Asset Management (Holdings) Limited 16,390,925 16,390,925