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No description of principal activity
2023-03-01
Sage Accounts Production Advanced 2023 - FRS102_2023
243,899
25,399
269,298
269,298
243,899
xbrli:pure
xbrli:shares
iso4217:GBP
SC546162
2023-03-01
2024-02-29
SC546162
2024-02-29
SC546162
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SC546162
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2023-02-28
SC546162
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SC546162
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SC546162
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SC546162
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SC546162
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SC546162
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SC546162
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2023-02-28
SC546162
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2024-02-29
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SC546162
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2023-02-28
SC546162
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2023-02-28
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COMPANY REGISTRATION NUMBER:
SC546162
Filleted Unaudited Financial Statements |
|
Year ended 29 February 2024
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
3 |
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Trio Hotels Limited |
|
Year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trio Hotels Limited for the year ended 29 February 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Trio Hotels Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Trio Hotels Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trio Hotels Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Trio Hotels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trio Hotels Limited. You consider that Trio Hotels Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Trio Hotels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY
Chartered Accountants
216 West George Street
Glasgow
G2 2PQ
19 November 2024
Statement of Financial Position |
|
29 February 2024
Fixed assets
Tangible assets |
4 |
|
269,298 |
243,899 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
227 |
|
449 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
70,104 |
|
43,888 |
|
-------- |
|
-------- |
Net current liabilities |
|
69,877 |
43,439 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
199,421 |
200,460 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
Debenture loans |
|
222,000 |
222,000 |
|
|
--------- |
--------- |
Net liabilities |
|
(
22,579) |
(
21,540) |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
150 |
150 |
Profit and loss account |
|
(
22,729) |
(
21,690) |
|
|
-------- |
-------- |
Shareholders deficit |
|
(
22,579) |
(
21,540) |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
19 November 2024
, and are signed on behalf of the board by:
Mr N Singh |
Mr S B Singh Sahni |
Director |
Director |
|
|
Company registration number:
SC546162
Notes to the Financial Statements |
|
Year ended 29 February 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 8 Cambridge Avenue, Edinburgh, Scotland, EH6 5AP.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is generated 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 insignificant risk of change in value.
Going concern
The company is reliant on the support of the directors in order to continue in operational existence and meet its liabilities as they fall due. The directors are satisfied that they will continue to support the company and as such the going concern basis is appropriate for the preparation of the accounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 1 March 2023 |
243,899 |
Additions |
25,399 |
|
--------- |
At 29 February 2024 |
269,298 |
|
--------- |
Depreciation |
|
At 1 March 2023 and 29 February 2024 |
– |
|
--------- |
Carrying amount |
|
At 29 February 2024 |
269,298 |
|
--------- |
At 28 February 2023 |
243,899 |
|
--------- |
|
|
Investment property is carried at director's valuation at 28 February 2024.
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Accruals |
582 |
900 |
Other creditors |
69,522 |
42,988 |
|
-------- |
-------- |
|
70,104 |
43,888 |
|
-------- |
-------- |
|
|
|
6.
Related party transactions
As at 28 February 2024 the company owed Clydebank Hotels Limited £47,121 (2023: £20,587). This loan is interest free and has no fixed date of repayment.
7.
Controlling party
The company was under the control of the directors in the period.