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REGISTERED NUMBER: 15027137 (England and Wales)















Unaudited Financial Statements

for the period

25 July 2023 to 31 December 2023

for

TRIVER FINANCE LTD

TRIVER FINANCE LTD (REGISTERED NUMBER: 15027137)

Contents of the Financial Statements
for the period 25 July 2023 to 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TRIVER FINANCE LTD

Company Information
for the period 25 July 2023 to 31 December 2023







Director: J Y Le Luel





Registered office: 123 Blythe Road
London
W14 0HL





Registered number: 15027137 (England and Wales)






TRIVER FINANCE LTD (REGISTERED NUMBER: 15027137)

Statement of Financial Position
31 December 2023

Notes £
Current assets
Debtors 4 1,788,348
Cash at bank 108,294
1,896,642
Creditors
Amounts falling due within one year 5 1,880,111
Net current assets 16,531
Total assets less current liabilities 16,531

Capital and reserves
Called up share capital 1
Retained earnings 16,530
Shareholders' funds 16,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





J Y Le Luel - Director


TRIVER FINANCE LTD (REGISTERED NUMBER: 15027137)

Notes to the Financial Statements
for the period 25 July 2023 to 31 December 2023


1. Statutory information

Triver Finance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Compliance with applicable reporting framework
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.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.

There have been no other significant judgements or estimates applied to the numbers contained within these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is derived from the company’s principal activity.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Financial assets and liabilities are offset, and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


TRIVER FINANCE LTD (REGISTERED NUMBER: 15027137)

Notes to the Financial Statements - continued
for the period 25 July 2023 to 31 December 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current 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 statement of financial position date. Group relief of trading losses has been claimed to utilise the losses incurred, the company has no corporation tax liability for the year.

Going concern
The financial statements have been prepared on a going concern basis. Although the company incurred losses during the period, the director believes that it has sufficient financial resources and is supported by its parent company. The director has also committed to providing continued support to ensure the company can meet its obligations as they fall due and continue operating for at least 12 months from the statement of financial position date. Accordingly, the director considers it appropriate to maintain the going concern basis in preparing the annual financial statements.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

3. Employees and directors

The average number of employees during the period was NIL.

4. Debtors: amounts falling due within one year
£
Other debtors 1,775,949
Prepayments and accrued income 12,399
1,788,348

5. Creditors: amounts falling due within one year
£
Other loans 600,000
Amounts owed to group undertakings 1,275,727
Accrued expenses 4,384
1,880,111

6. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. Ultimate controlling party

The ultimate controlling parent is Triver Ltd, a company registered in the United Kingdom and its registered office is situated at 123 Blythe Road, London, W14 0HL.