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REGISTERED NUMBER: 08937395 (England and Wales)















Tirion Homes Limited

Financial Statements for the Year Ended 31st March 2024






Tirion Homes Limited (Registered number: 08937395)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tirion Homes Limited

Company Information
for the Year Ended 31st March 2024







Directors: C Patel
M R Howells
R Davies
R Davies
S Evans





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 08937395 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Tirion Homes Limited (Registered number: 08937395)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
Current assets
Debtors 4 8,679 100
Cash at bank 17,563 -
26,242 100
Creditors
Amounts falling due within one year 5 (26,272 ) -
Net current (liabilities)/assets (30 ) 100
Total assets less current liabilities (30 ) 100

Capital and reserves
Called up share capital 100 100
Retained earnings (130 ) -
(30 ) 100

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 26th September 2024 and were signed on its behalf by:





S Evans - Director


Tirion Homes Limited (Registered number: 08937395)

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

1. Statutory information

Tirion Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Tirion Homes Limited (Registered number: 08937395)

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

2. Accounting policies - continued

Going concern
The Board is aware that the company is dependent on the support of its parent company as well as its fellow subsidiaries and in particularly the outcome of the projects undertaken by these companies. The long-term projections of these projects are monitored via regular review of the development tracker, shows that the schemes will generate a surplus when completed. The Board also receives cash flow projections and update on funding agreements (short term and long term) as part of periodic financial reporting package.

As with any such project, there is some level of material uncertainty, but the directors are confident that should the project fail to go ahead, the Company will be able to meet its liabilities as they fall due.

Based on the above, the Directors consider that the Company is financially viable and can meet its liabilities as they fall due and therefore these financial statements have been prepared on a going concern basis

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 7,282 -
Called up share capital not paid - 100
Prepayments and accrued income 1,397 -
8,679 100

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings 24,472 -
Accrued expenses 1,800 -
26,272 -

6. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.


As prescribed in the basis of preparation note with the accounting policies of the company in note 2, the company has prepared the financial statements on a going concern basis for the year ended 31 March 2024. Our opinion is not modified in this respect.

Clive Edwards (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

Emphasis of matter

As prescribed in the basis of preparation note with the accounting policies of the company in note 2, the company has prepared the financial statements on a going concern basis for the year ended 31 March 2024. Our opinion is not modified in this respect.

7. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.