Company Registration No. 09772843 (England and Wales)
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
BH23 1EF
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 9
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs. PA Gray
Mr. RM Hiett
Mr. JG Cook
Mr. E Bramall
Company number
09772843
Registered office
Unit G1-G2 Platinum Jubilee Business Park
Hopclover Way
Ringwood
Hampshire
United Kingdom
BH24 3FW
Auditor
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Investments
4
55
55
Current assets
Debtors
5
50,000
-
0
Cash at bank and in hand
14,755
44,538
64,755
44,538
Creditors: amounts falling due within one year
6
(10,625)
(24,592)
Net current assets
54,130
19,946
Total assets less current liabilities
54,185
20,001
Capital and reserves
Called up share capital
55
55
Profit and loss reserves
54,130
19,946
Total equity
54,185
20,001
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 August 2024 and are signed on its behalf by:
Mrs. PA Gray
Director
Company Registration No. 09772843
The notes on pages 5 to 9 form part of these financial statements
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
55
240,028
3,130,795
3,370,878
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
-
130,504
130,504
Dividends
-
-
(3,481,381)
(3,481,381)
Transfers
-
(240,028)
240,028
-
Balance at 31 March 2023
55
-
0
19,946
20,001
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
907,118
907,118
Dividends
-
-
(872,934)
(872,934)
Balance at 31 March 2024
55
-
0
54,130
54,185
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
1
Accounting policies
Company information

Trusted Technology Partnership Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit G1-G2 Platinum Jubilee Business Park, Hopclover Way, Ringwood, Hampshire, United Kingdom, BH24 3FW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Trusted Technology Partnership (Holdings) Ltd. These consolidated financial statements are available from its registered office,

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash at bank and in hand

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 current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

 

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
4
Fixed asset investments
2024
2023
£
£
Investments
55
55
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2023 & 31 March 2024
55
Carrying amount
At 31 March 2024
55
At 31 March 2023
55

The fixed asset investment represents the company's 100% holding in it's subsidiary undertaking Trusted Technology Partnership Limited.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
50,000
-
0
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
10,624
-
0
Other taxation and social security
1
24,592
10,625
24,592
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Dean Pullen FCCA
Statutory Auditor:
TC Group
TRUSTED TECHNOLOGY PARTNERSHIP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
8
Parent company

The company's ultimate controlling party is the employee ownership trust of Trusted Technology Trustee Limited which is incorporated in England & Wales.

The financial statements for Trusted Technology Partnership Group Limited are consolidated within the group financial statements of Trusted Technology Partnership Holdings Limited. The group financial statements are available at Companies House.

In accordance with Section 33.1A of FRS 102, the company is exempt from disclosing transactions with fellow wholly owned group undertakings.

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