TRIPLEROSE LIMITED

Company Registration Number:
03161763 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

TRIPLEROSE LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

TRIPLEROSE LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 40,000,000 40,000,000
Investments: 4 89,450,051 94,562,727
Total fixed assets: 129,450,051 134,562,727
Current assets
Stocks: 0 0
Debtors: 5 22,281,709 19,113,376
Cash at bank and in hand: 7,560,622 65,761
Investments:   0 0
Total current assets: 29,842,331 19,179,137
Creditors: amounts falling due within one year: 6 (15,180,775) (15,104,556)
Net current assets (liabilities): 14,661,556 4,074,581
Total assets less current liabilities: 144,111,607 138,637,308
Creditors: amounts falling due after more than one year: 7 (54,601,544) (46,337,355)
Provision for liabilities: (13,400,000) (13,400,000)
Total net assets (liabilities): 76,110,063 78,899,953
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve:855,519,94657,336,800
Other reserves: 0 0
Profit and loss account: 20,590,115 21,563,151
Shareholders funds: 76,110,063 78,899,953

The notes form part of these financial statements

TRIPLEROSE LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2024
and signed on behalf of the board by:

Name: I Moskovitz
Status: Director

The notes form part of these financial statements

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 40,000,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2023 40,000,000
Depreciation
At 01 October 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 30 September 2023 0
Net book value
At 30 September 2023 40,000,000
At 30 September 2022 40,000,000

The £40m above is an integral part of Investments but the field sizes will not allow an entry over £99,999,999

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Fixed investments

The £40m above is an integral part of Investments but the field sizes will not allow an entry over £99,999,999

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Creditors: amounts falling due within one year note

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 £ £ UK corporation tax 380,881 530,808 Bank Loan 486,854 576,964 Other creditors 12,683,070 12,762,670 Accruals 1,629,970 1,234,114 15,180,775 15,104,556 Other Creditors includes certain amounts owed to related parties (see Note 16).

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Creditors: amounts falling due after more than one year note

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 £ £ Bank loans (secured) >1yr 54,601,544 46,337,355 54,601,544 46,337,355 The Bank Loans, which at the year end total £ 486,854 (2022: £ 576,964), and the Bank Loans, which at the year ended total £54,601,544 (2022: £ 46,337,355), and include £10,000 (2022: £9,943) due within one year, are secured by fixed charges over certain of the Company's Freehold and Long Leasehold Properties, the valuations of which are shown in Note 8 and by personal guarantees (see Note 15). 9.

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Revaluation reserve

2023
£
Balance at 01 October 2022 57,336,800
Surplus or deficit after revaluation (1,816,854)
Balance at 30 September 2023 55,519,946

TRIPLEROSE LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

9. Related party transactions

Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 692,897
Balance at 30 September 2023 993,146
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 670,000
Balance at 30 September 2023 670,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 25,000
Balance at 30 September 2023 25,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 16,875
Balance at 30 September 2023 16,875
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 262,848
Balance at 30 September 2023 352,848
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan from related company interest free
£
Balance at 01 October 2022 0
Balance at 30 September 2023 49,610
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 130,000
Balance at 30 September 2023 130,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest chargeable on loan
£
Balance at 01 October 2022 1,003,624
Balance at 30 September 2023 1,080,767
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest chargeable on loan
£
Balance at 01 October 2022 7,476,000
Balance at 30 September 2023 8,126,644
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 170,000
Balance at 30 September 2023 170,000
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 235,737
Balance at 30 September 2023 235,737
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Interest chargeable on loan
£
Balance at 01 October 2022 3,422,321
Balance at 30 September 2023 3,577,687
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 645,674
Balance at 30 September 2023 1,895,816
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 270,192
Balance at 30 September 2023 270,192
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 23,750
Balance at 30 September 2023 23,750
Name of the related party:
Relationship:
Similar ownership
Description of the Transaction: Loan to related company interest free
£
Balance at 01 October 2022 35,507
Balance at 30 September 2023 0