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Company No: 12958197 (England and Wales)

TRISKELION PATHWAYS LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

TRISKELION PATHWAYS LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

TRISKELION PATHWAYS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 05 April 2024
TRISKELION PATHWAYS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,318,197 1,208,377
1,318,197 1,208,377
Current assets
Cash at bank and in hand 46,506 35,624
46,506 35,624
Creditors: amounts falling due within one year 4 ( 9,720) ( 6,840)
Net current assets 36,786 28,784
Total assets less current liabilities 1,354,983 1,237,161
Creditors: amounts falling due after more than one year 5 ( 1,332,000) ( 1,332,000)
Net assets/(liabilities) 22,983 ( 94,839)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 8 22,883 ( 94,939 )
Total shareholder's funds/(deficit) 22,983 ( 94,839)

For the financial year ending 05 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Triskelion Pathways Limited (registered number: 12958197) were approved and authorised for issue by the Director on 24 September 2024. They were signed on its behalf by:

R J Andrade
Director
TRISKELION PATHWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
TRISKELION PATHWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Triskelion Pathways Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 38 Broad Street, Ludlow, Shropshire, SY8 1NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 06 April 2023 1,208,377 1,208,377
Additions 800,410 800,410
Disposals ( 798,785) ( 798,785)
Movement in fair value 108,195 108,195
At 05 April 2024 1,318,197 1,318,197
Carrying value at 05 April 2024 1,318,197 1,318,197
Carrying value at 05 April 2023 1,208,377 1,208,377

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 3,420
Amounts owed to director 6,420 0
Accruals 3,300 3,420
9,720 6,840

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Amounts owed to connected companies 1,332,000 1,332,000

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's director

At the balance sheet the director has made loans to the company totalling £6,420. This loan is interest free and repayable on demand.

8. Profit or loss reserve

2024 2023
£ £
Profit and loss account carried forward (as per the balance sheet) 22,883 (94,939)
Cumulative fair value fixed asset investment movement (23,753) 84,442
(870) (10,497)

Included within the profit and loss reserve is a non-distributable amount for the fair value movement on the fixed asset investment as above. The distributable profit and loss reserve as at the balance sheet date is £(870) (2023: £(10,497).