REGISTERED NUMBER: |
Unaudited Financial Statements |
for the period |
25 July 2023 to 31 December 2023 |
for |
TRIVER FINANCE LTD |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
TRIVER FINANCE LTD (REGISTERED NUMBER: 15027137) |
Statement of Financial Position |
31 December 2023 |
Notes | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Compliance with applicable reporting framework |
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 |
Prepayments and accrued income |
5. | Creditors: amounts falling due within one year |
£ |
Other loans |
Amounts owed to group undertakings |
Accrued expenses |
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. |