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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
Page
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Trinity House Practice Limited Company Information for the year ended 30 April 2024
Directors
Mrs R Whiteside Mr R Whiteside
Secretary
Mrs 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
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Trinity House Practice Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,971 
12,734 
Investment property
574,457 
574,457 
586,428 
587,191 
Current assets
Debtors
56,526 
43,636 
Cash at bank and in hand
126,442 
121,117 
182,968 
164,753 
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 
Capital and reserves
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
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Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension costs
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
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
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.
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Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2024
Deferred taxation
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 
£ 
Cost
At 1 May 2023
260,000 
At 30 April 2024
260,000 
Amortisation
At 1 May 2023
260,000 
At 30 April 2024
260,000 
Net book value
At 30 April 2024
- 
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 
Additions
1,669 
750 
2,419 
At 30 April 2024
38,867 
16,868 
55,735 
Depreciation
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 
Net book value
At 30 April 2024
9,870 
2,101 
11,971 
At 30 April 2023
10,934 
1,800 
12,734 
6
Investment property
2024 
£ 
Fair value at 1 May 2023
574,457 
At 30 April 2024
574,457 
The investment property is Trinity House, 150 - 152 Cumberland Street, Macclesfield, Cheshire SK10 1BP.
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Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,446 
42,556 
Accrued income and prepayments
1,080 
1,080 
56,526 
43,636 
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 
Accruals
23,582 
12,753 
154,109 
166,341 
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.
10
Share capital
2024 
2023 
£ 
£ 
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).
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