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REGISTERED NUMBER: 09430281 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRIAD DEVELOPMENTS LTD

TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
Current assets
Stocks 804,805 1,102,342
Debtors 4 22,190 23,270
Cash at bank 34,471 65,168
861,466 1,190,780
Creditors
Amounts falling due within one year 5 331,510 651,301
Net current assets 529,956 539,479
Total assets less current liabilities 529,956 539,479

Creditors
Amounts falling due after more than one year 6 11,667 21,667
Net assets 518,289 517,812

Capital and reserves
Called up share capital 8 100 100
Retained earnings 518,189 517,712
Shareholders' funds 518,289 517,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mr A Trimmer - Director


TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Triad Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09430281. The registered office and business address is 14 Beaucroft Road, Wimborne, Dorset, BH21 2QW.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income from the sale of land and property. Turnover is recognised at legal completion and represents the amounts receivable for the property, net of discounts and VAT, where applicable.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

TRIAD DEVELOPMENTS LTD (REGISTERED NUMBER: 09430281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 22,000 22,000
VAT 190 1,270
22,190 23,270

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 325,000
Trade creditors - 3,636
Amounts owed to group undertakings 304,079 144,585
Tax 15,121 25,880
Directors' current accounts - 150,000
Accruals and deferred income 2,310 2,200
331,510 651,301

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
11,667 21,667

7. Secured debts

All monies owing to, or to become owing to, Lloyds Bank PLC are secured by way of a legal charge, dated 20 March 2017, over all of the assets of the company.

All monies owing to, Lloyds Bank PLC in relation to Ash Tree Farm, Zoar Lane, Fifehead St Quintin, DT10 2AP are secured by way of a mortgage deed, dated 25 February 2022, containing a floating charge over all of the assets of the company.


All monies owing to, Lloyds Bank PLC in relation to Barrow View Farm, Broad Oak, Sturminster Newton, DT10 2HG are secured by way of a mortgage deed, dated 25 November 2022, containing a floating charge over all of the assets of the company.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

9. Ultimate controlling party

The company is ultimately controlled by the director Mr A Trimmer, by virtue of his 51% holding in the voting share capital of the parent company, Taron Group Limited.