REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
TRILOGY WRITING & CONSULTING LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
TRILOGY WRITING & CONSULTING LTD |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TRILOGY WRITING & CONSULTING LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants, Tax Consultants |
& Statutory Auditors |
27-29 Old Market |
Wisbech |
Cambridgeshire |
PE13 1NE |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
BALANCE SHEET |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Trilogy Writing & Consulting Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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. |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Operating leases |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed to group undertakings |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.12.23 | 31.12.22 |
£ | £ |
Within one year |
Between one and five years |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
10. | RELATED PARTY DISCLOSURES |
During the year the company had the following transactions with Trilogy Writing & Consulting GmbH, the parent company:- |
31.12.23 | 31.12.22 |
Provision of writing services by Trilogy Writing & Consulting Limited | 1,166,768 | 997,633 |
Loan interest charged by Trilogy Writing & Consulting GmbH | 6,335 | 6,257 |
Long term creditor balance at 31 December 2023 | 529,481 | 534,923 |
Short term creditor balance at 31 December 2023 | 65,262 | - |
Debtor balance at 31 December 2023 | - | 681,799 |
During the year the company had the following transactions with Trilogy Writing & Consulting Inc, a fellow subsidiary:- |
31.12.23 | 31.12.22 |
Provision of writing services by Trilogy Writing & Consulting Limited | 614,125 | 723,641 |
Creditor balance at 31 December 2023 | - | 119,113 |
Debtor balance at 31 December 2023 | 494,992 | - |
During the year the company had the following transactions with TriloDocs GmbH, a company controlled by common shareholders of the ultimate parent company, Trilogy Writing & Consulting GmbH: - |
31.12.23 | 31.12.22 |
Recharge of costs incurred by Trilogy Writing & Consulting Limited at cost | 75,022 | 131,922 |
Debtor balance at 31 December 2023 | - | 131,922 |
Impairment of debtor balance | 206,945 | - |
During the year the company had the following transactions with TriloDocs Limited, a company controlled by common shareholders of the ultimate parent company, Trilogy Writing & Consulting GmbH: - |
31.12.23 | 31.12.22 |
Recharge of costs incurred by Trilogy Writing & Consulting Limited at cost | 147,440 | - |
Impairment of debtor balance | 147,440 | - |
TRILOGY WRITING & CONSULTING LTD (REGISTERED NUMBER: 07497885) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
11. | POST BALANCE SHEET EVENTS |
On 27 March 2024 the ultimate controlling party changed by virtue of the entire issued share capital of Trilogy Writing & Consulting GmbH, who owns 100% of the share capital of Trilogy Writing & Consulting Limited, being acquired by Indegene Ireland Limited, a subsidiary of Indegene Limited, a company registered on the Indian Stock exchange. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
Address: |
Falkensteiner Strasse 77 |
60322 Frankfurt am Main |
Germany |