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Registered number: 10762376
Trinity Media Financing International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell Advisory Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Trinity Media Financing International Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trinity Media Financing International Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Trinity Media Financing International Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Trinity Media Financing International Limited and state those matters that we have agreed to state to the director of Trinity Media Financing International Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trinity Media Financing International Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Trinity Media Financing International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Trinity Media Financing International Limited . You consider that Trinity Media Financing International Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Trinity Media Financing International Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Adbell Advisory Limited
20/09/2024
Adbell Advisory Limited
Birchin Court
20 Birchin Lane
London
EC3V 9DJ
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Balance Sheet
Registered number: 10762376
2023 2022
Notes
FIXED ASSETS
Investments 4 83 83
83 83
CURRENT ASSETS
Debtors 5 5,475,775 9,715,892
Cash at bank and in hand 38,412 22,939
5,514,187 9,738,831
Creditors: Amounts Falling Due Within One Year 6 (1,573,867 ) (1,941,819 )
NET CURRENT ASSETS (LIABILITIES) 3,940,320 7,797,012
TOTAL ASSETS LESS CURRENT LIABILITIES 3,940,403 7,797,095
Creditors: Amounts Falling Due After More Than One Year 7 (7,595,601 ) (10,990,595 )
NET LIABILITIES (3,655,198 ) (3,193,500 )
CAPITAL AND RESERVES
Called up share capital 8 5,635 5,635
Profit and Loss Account (3,660,833 ) (3,199,135 )
SHAREHOLDERS' FUNDS (3,655,198) (3,193,500)
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For the 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.
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 Morgan Franck Emmery
Director
20/09/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Trinity Media Financing International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10762376 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company has obtained undertakings
from its shareholders that they will continue to support the company for the foreseeable future and meet all third
party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going
concern basis in preparing the financial statements
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. 
2.7. Preparation of consolidated financial statements
The financial statements contain information about Trinity Media Financing International 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.
The companyand its subsidiary comprise of a small sized group.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Investments
Subsidiaries
Cost
As at 1 January 2023 83
As at 31 December 2023 83
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 83
As at 1 January 2023 83
The company's investments at the Balance Sheet date in the share capital of companies include the following: 
Subsidiary
TMF LA 
Registered office: USA 
                                          %
Class of shares:              holding    
Ordinary shares              100.00
                                                   31.12.2023           31.12.2022
                                                          €                           €
Capital and reserves                     (2,032,724)        (2,212,857)
Loss for the year                              (272,613)           (448,749)
5. Debtors
2023 2022
Due within one year
Other debtors 141,923 131,787
Other debtors (1) 2,885,602 7,461,943
VAT 212 -
3,027,737 7,593,730
Due after more than one year
Amounts owed by subsidiaries 2,448,038 2,122,162
5,475,775 9,715,892
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 8,874 6,262
Other creditors 1,276 1,276
Accruals and deferred income 1,563,717 1,934,281
1,573,867 1,941,819
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
NJJ Capital 7,595,601 10,990,595
8. Share Capital
2023 2022
Allotted, Called up and fully paid 5,635 5,635
5,000 Ordinary Shares of £1 each
9. Ultimate Controlling Party
The company's ultimate controlling party is M F Emmery by virtue of his ownership of 100% of the issued share capital in the company.
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