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Registered number: 12824099
TRIP Property 1 Ltd
Financial Statements
For The Year Ended 31 August 2023
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12824099
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 386,714 377,840
386,714 377,840
CURRENT ASSETS
Debtors 5 1,674 634
Cash at bank and in hand 227 410
1,901 1,044
Creditors: Amounts Falling Due Within One Year 6 (149,631 ) (137,306 )
NET CURRENT ASSETS (LIABILITIES) (147,730 ) (136,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES 238,984 241,578
Creditors: Amounts Falling Due After More Than One Year 7 (252,000 ) (250,000 )
NET LIABILITIES (13,016 ) (8,422 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (13,116 ) (8,522 )
SHAREHOLDERS' FUNDS (13,016) (8,422)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Rockliffe
Director
31st August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TRIP Property 1 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12824099 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation charged
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 September 2022 377,840
Additions 8,874
As at 31 August 2023 386,714
Net Book Value
As at 31 August 2023 386,714
As at 1 September 2022 377,840
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,574 534
Amounts owed by group undertakings 100 100
1,674 634
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,131 806
Amounts owed to associates 148,500 136,500
149,631 137,306
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 10,000 250,000
Directors loan account 242,000 -
252,000 250,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4