Company Registration No. 04741391 (England and Wales)
Trinity House Practice Limited
Unaudited accounts
for the year ended 30 April 2024
Trinity House Practice Limited
Unaudited accounts
Contents
Trinity House Practice Limited
Company Information
for the year ended 30 April 2024
Directors
Mrs R Whiteside
Mr R Whiteside
Company Number
04741391 (England and Wales)
Registered Office
Trinity House
150 - 152 Cumberland Street
Macclesfield
Cheshire
SK10 1BP
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Trinity House Practice Limited
Statement of financial position
as at 30 April 2024
Tangible assets
11,971
12,734
Investment property
574,457
574,457
Cash at bank and in hand
126,442
121,117
Creditors: amounts falling due within one year
(154,109)
(166,341)
Net current assets/(liabilities)
28,859
(1,588)
Total assets less current liabilities
615,287
585,603
Creditors: amounts falling due after more than one year
(323,574)
(358,762)
Provisions for liabilities
Deferred tax
(2,272)
(2,417)
Net assets
289,441
224,424
Called up share capital
100
100
Profit and loss account
289,341
224,324
Shareholders' funds
289,441
224,424
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Mrs R Whiteside
Director
Company Registration No. 04741391
Trinity House Practice Limited
Notes to the Accounts
for the year ended 30 April 2024
Trinity House Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 04741391. The registered office is Trinity House, 150 - 152 Cumberland Street, Macclesfield, Cheshire, SK10 1BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum on a reducing balance basis
Plant & machinery
25% per annum on a reducing balance basis
Fixtures & fittings
25% per annum on a reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Trinity House Practice Limited
Notes to the Accounts
for the year ended 30 April 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
37,198
16,118
53,316
At 30 April 2024
38,867
16,868
55,735
At 1 May 2023
26,264
14,318
40,582
Charge for the year
2,733
449
3,182
At 30 April 2024
28,997
14,767
43,764
At 30 April 2024
9,870
2,101
11,971
At 30 April 2023
10,934
1,800
12,734
Fair value at 1 May 2023
574,457
The investment property is Trinity House, 150 - 152 Cumberland Street, Macclesfield, Cheshire SK10 1BP.
Trinity House Practice Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
55,446
42,556
Accrued income and prepayments
1,080
1,080
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
38,274
34,673
Taxes and social security
46,064
32,160
Other creditors
464
12,981
Loans from directors
45,725
73,774
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
323,574
358,762
Aggregate of amounts that fall due for payment after five years
261,438
269,320
The mortgage with TSB Bank PLC is secured over the investment property.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).