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REGISTERED NUMBER: 02012267 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AV TRINITY LIMITED

AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AV TRINITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J C Kings
L F Morris
C G Patterson
M J Subert
H F Carey





REGISTERED OFFICE: 77 Mount Ephraim
Tunbridge Wells
TN4 8BS





REGISTERED NUMBER: 02012267 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,946 35,617

CURRENT ASSETS
Debtors 5 148,315 163,981
Cash at bank and in hand 690,258 1,286,160
838,573 1,450,141
CREDITORS
Amounts falling due within one year 6 181,167 351,949
NET CURRENT ASSETS 657,406 1,098,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,352

1,133,809

CAPITAL AND RESERVES
Called up share capital 8 190,350 190,350
Share premium 9 189,645 189,645
Retained earnings 9 303,357 753,814
SHAREHOLDERS' FUNDS 683,352 1,133,809

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





L F Morris - Director


AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

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


1. STATUTORY INFORMATION

A V Trinity Limited 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 principal activity of the company in the year under review was that of providing investment and financial planning advice.

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.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves and cash balances. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover comprises fees and commissions receivable during the period. Commission is recognised on receipt of amounts due and fees are recognised on an accruals basis over the period of the service provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the life of the lease
Fixtures and fittings - 33% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. During the year retirement benefits were provided to 3 directors (2023 - 3) in respect of a defined contribution pension scheme.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

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


2. ACCOUNTING POLICIES - continued

Cash and equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Financial Instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:

- at fair value with changes recognised in the statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;

- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2023 146,444 68,778 215,222
Additions - 1,550 1,550
Disposals - (830 ) (830 )
At 31 March 2024 146,444 69,498 215,942
DEPRECIATION
At 1 April 2023 116,026 63,579 179,605
Charge for year 7,744 3,269 11,013
Eliminated on disposal - (622 ) (622 )
At 31 March 2024 123,770 66,226 189,996
NET BOOK VALUE
At 31 March 2024 22,674 3,272 25,946
At 31 March 2023 30,418 5,199 35,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,162 45,172
Other debtors 118,633 117,298
Deferred tax asset 1,520 1,511
148,315 163,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,951 8,681
Amounts owed to group undertakings 38,150 38,150
Corporation tax 32,334 16,021
Social security and other taxes 29,913 39,193
VAT 2,114 1,269
Other creditors 71,705 248,635
181,167 351,949

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 119,463 118,373
Between one and five years 242,313 356,303
361,776 474,676

AV TRINITY LIMITED (REGISTERED NUMBER: 02012267)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
190,350 Ordinary £1.00 190,350 190,350

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 753,814 189,645 943,459
Profit for the year 66,393 66,393
Dividends (516,850 ) (516,850 )
At 31 March 2024 303,357 189,645 493,002

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £14,000 (2023: £17,500) owed by L Morris, a director.

11. PENSION COMMITMENTS

At the balance sheet date there were pension commitments of £14,062 (2023: £14,600).

12. RELATED PARTY TRANSACTIONS

No disclosure has been made of transactions with group undertakings where 100% of the voting rights are controlled within the group.

13. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company's parent undertaking is FTFM Holdings Limited, a company registered in England and Wales.

The directors consider the ultimate controlling party to be The Karen Vidler Discretionary Trust.