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REGISTERED NUMBER: 05716033 (England and Wales)











Financial Statements

for the Year Ended 29 February 2024

for

TRILLIOM PROPERTIES LIMITED

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRILLIOM PROPERTIES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr D Hudson





SECRETARY: Mrs J M Hudson





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05716033 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,303,468 3,320,937

CURRENT ASSETS
Debtors 5 3,471 3,130
Cash at bank 44,732 10,384
48,203 13,514
CREDITORS
Amounts falling due within one year 6 1,691,435 1,648,224
NET CURRENT LIABILITIES (1,643,232 ) (1,634,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,660,236

1,686,227

CREDITORS
Amounts falling due after more than one year 7 (262,783 ) (287,783 )

PROVISIONS FOR LIABILITIES 9 (315,007 ) (296,826 )
NET ASSETS 1,082,446 1,101,618

CAPITAL AND RESERVES
Called up share capital 10 4 4
Fair value reserve 758,356 758,356
Retained earnings 324,086 343,258
SHAREHOLDERS' FUNDS 1,082,446 1,101,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Balance Sheet - continued
29 February 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 director and authorised for issue on 19 November 2024 and were signed by:





Mr D Hudson - Director


TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Trilliom Properties 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 presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office/ Computer equipment - 25% on reducing balance

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machiner
£    £    £   
COST OR VALUATION
At 1 March 2023 3,204,642 111,560 67,167
Additions - - -
At 29 February 2024 3,204,642 111,560 67,167
DEPRECIATION
At 1 March 2023 - 21,475 55,055
Charge for year - 13,513 3,028
At 29 February 2024 - 34,988 58,083
NET BOOK VALUE
At 29 February 2024 3,204,642 76,572 9,084
At 28 February 2023 3,204,642 90,085 12,112

Office/
Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 15,125 8,023 3,406,517
Additions - 2,248 2,248
At 29 February 2024 15,125 10,271 3,408,765
DEPRECIATION
At 1 March 2023 2,633 6,417 85,580
Charge for year 2,499 677 19,717
At 29 February 2024 5,132 7,094 105,297
NET BOOK VALUE
At 29 February 2024 9,993 3,177 3,303,468
At 28 February 2023 12,492 1,606 3,320,937

Cost or valuation at 29 February 2024 is represented by:

Freehold Short Plant and
property leasehold machiner
£    £    £   
Valuation in 2018 434,098 - -
Valuation in 2022 380,000 - -
Valuation in 2023 220,000 - -
Cost 2,170,544 111,560 67,167
3,204,642 111,560 67,167

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Office/
Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2018 - - 434,098
Valuation in 2022 - - 380,000
Valuation in 2023 - - 220,000
Cost 15,125 10,271 2,374,667
15,125 10,271 3,408,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments and accrued income 3,471 3,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 8) 43,400 43,400
Tax 4,101 5,913
VAT 19,655 8,866
Other creditors - 3
Directors' current accounts 1,573,299 1,586,241
Accruals and deferred income 50,980 3,801
1,691,435 1,648,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 8) 212,783 237,783
Other loans (see note 8) 50,000 50,000
262,783 287,783

8. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 43,400 43,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 37,980 37,980
Other loans - (Ryan Hudson) 50,000 50,000
87,980 87,980

TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. LOANS - continued
29.2.24 28.2.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 174,803 199,803

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 315,007 296,826

Deferred
tax
£   
Balance at 1 March 2023 296,826
Provided during year 18,181
Balance at 29 February 2024 315,007

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1
2 A Ordinary Class £1 2 2
1 B Ordinary Class £1 1 1
4 4

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director an amount of £1,580,048 (2023: £1,586,241). Interest of 5.2% has been charged on the loan.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Hudson.