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REGISTERED NUMBER: 06571958 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Tripple Wammey Limited

Tripple Wammey Limited (Registered number: 06571958)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tripple Wammey Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Hyland
Mrs D Hyland





SECRETARY: P Hyland





REGISTERED OFFICE: 22 Collinswood Drive
St Leonards on Sea
East Sussex
TN38 0NU





REGISTERED NUMBER: 06571958 (England and Wales)






Tripple Wammey Limited (Registered number: 06571958)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,765 4,740
Investments 5 - 310,078
41,765 314,818

CURRENT ASSETS
Debtors 6 4,274 -
Cash at bank and in hand 52,070 99,540
56,344 99,540
CREDITORS
Amounts falling due within one year 7 (75,644 ) (394,106 )
NET CURRENT LIABILITIES (19,300 ) (294,566 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,465

20,252

CREDITORS
Amounts falling due after more than one
year

8

(14,063

)

(20,250

)

PROVISIONS FOR LIABILITIES (8,400 ) -
NET ASSETS 2 2

CAPITAL AND RESERVES
Called up share capital 2 2
SHAREHOLDERS' FUNDS 2 2

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.

Tripple Wammey Limited (Registered number: 06571958)

Balance Sheet - continued
31 March 2024


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 by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





P Hyland - Director


Tripple Wammey Limited (Registered number: 06571958)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Tripple Wammey 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.

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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents amounts recoverable from clients for professional services provided during the year. It is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of revenue are as follows:

Revenue is recognised in the period in which the services are provided, in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of reporting period can be measured reliably; and
- the costs incurred and the costs to complete the services can be measured reliably.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established. Profit share income is recognised when the right to it has been established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Tripple Wammey Limited (Registered number: 06571958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Provision for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 10,460
Additions 50,948
At 31 March 2024 61,408
DEPRECIATION
At 1 April 2023 5,720
Charge for year 13,923
At 31 March 2024 19,643
NET BOOK VALUE
At 31 March 2024 41,765
At 31 March 2023 4,740

Tripple Wammey Limited (Registered number: 06571958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Hyland Consultants LLP - 310,078

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,549 -
Other debtors 1,725 -
4,274 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 6,750 6,750
Taxation and social security 38,267 43,065
Other creditors 30,627 344,291
75,644 394,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 14,063 20,250

9. RELATED PARTY DISCLOSURES

The company was a member of Hyland Consulting LLP and that LLP is under the control of Paul & Dawn Hyland. At the commencement of the accounting period the company transferred its interest in the LLP to its holding company at its book value of £310,078.

The company is a 100% subsidiary of Tripple Wammey Holdings Limited. . At the balance sheet date included within other creditors is a balance due to the holding company of £29,228 (2023 £343,393.)


10. CURRENCY

The company's functional and presentational currency is Pounds Sterling.