Registration number:
TRS Asset Management (Holdings) Limited
for the
Year Ended 31 December 2023
TRS Asset Management (Holdings) Limited
Company Information
Directors |
Mr Fakhruddin Taherally Suterwalla Mr Hatim Taherally Suterwalla Mr Siraj Taherally Suterwalla Mr Mansoor Taherally Suterwalla Mr Iqbal Taherally Suterwalla |
Registered office |
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Accountants |
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TRS Asset Management (Holdings) Limited
(Registration number: 07685078)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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|
Current assets |
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Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets/(liabilities) |
- |
- |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1,000 |
1,000 |
|
Shareholders' funds |
1,000 |
1,000 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
TRS Asset Management (Holdings) Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Total |
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At 1 January 2023 |
|
|
At 31 December 2023 |
|
|
Share capital |
Total |
|
At 1 January 2022 |
|
|
At 31 December 2022 |
1,000 |
1,000 |
TRS Asset Management (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
TRS Asset Management (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2023 |
2022 |
|
Shares in group undertaking |
1,000 |
1,000 |
Fixed asset investments
Shares in group undertakings |
|
Cost or valuation |
|
At 1 January 2023 |
1,000 |
At 31 December 2023 |
1,000 |
The company's investment at the Balance Sheet date in the share capital of companies include the following:
TRS Asset Management Limited
Registered office: 9 Berners place London, W1T 3AD
Nature of business: Development and investment of property
Class of shares:Ordinary
Holding: 100%
2023 |
2022 |
|
Aggregate capital and reserves |
246,493,120 |
23,865,976 |
Profit / (loss) for the year |
783,336 |
19,604,781 |
TRS Asset Management (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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|
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|
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
Note |
2023 |
2022 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
1,000 |
|
1,000 |
Related party transactions |
Summary of transactions with entities with joint control or significant interest
Summary of transactions with subsidiaries
Loans to related parties
TRS Asset Management (Holdings) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
2023 |
Entities with joint control or significant influence |
Total |
At start of period |
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|
At end of period |
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|
|
2022 |
Entities with joint control or significant influence |
Total |
At start of period |
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At end of period |
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Terms of loans to related parties
Loans from related parties
2023 |
Subsidiary |
Total |
At start of period |
|
|
At end of period |
|
|
|
2022 |
Subsidiary |
Total |
At start of period |
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|
At end of period |
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Terms of loans from related parties