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REGISTERED NUMBER: 09606007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TRIANGLE PROPERTY HOLDINGS LIMITED

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRIANGLE PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J T Phillips
C J Kent





REGISTERED OFFICE: Moorlands Cottage
Treoes
Bridgend
Mid Glamorgan
CF35 5DB





REGISTERED NUMBER: 09606007 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,936 195,099
Investment property 5 8,885,071 8,396,707
9,113,007 8,591,806

CURRENT ASSETS
Debtors 6 134,902 115,852
Investments 7 600,000 600,000
Cash at bank 310,543 359,755
1,045,445 1,075,607
CREDITORS
Amounts falling due within one year 8 862,854 896,720
NET CURRENT ASSETS 182,591 178,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,295,598

8,770,693

CREDITORS
Amounts falling due after more than one year 9 (4,715,658 ) (4,801,453 )

PROVISIONS FOR LIABILITIES (591,840 ) (604,093 )
NET ASSETS 3,988,100 3,365,147

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 3,988,000 3,365,047
SHAREHOLDERS' FUNDS 3,988,100 3,365,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

BALANCE SHEET - continued
30 JUNE 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 24 January 2025 and were signed on its behalf by:




C J Kent - Director



J T Phillips - Director


TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Triangle Property Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental income excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 213,241
Additions 59,402
At 30 June 2024 272,643
DEPRECIATION
At 1 July 2023 18,142
Charge for year 26,565
At 30 June 2024 44,707
NET BOOK VALUE
At 30 June 2024 227,936
At 30 June 2023 195,099

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 40,107
At 30 June 2024 40,107
DEPRECIATION
Charge for year 3,342
At 30 June 2024 3,342
NET BOOK VALUE
At 30 June 2024 36,765

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 8,396,707
Additions 582,386
Revaluations (94,022 )
At 30 June 2024 8,885,071
NET BOOK VALUE
At 30 June 2024 8,885,071
At 30 June 2023 8,396,707

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 367,316
Valuation in 2020 450,000
Valuation in 2022 1,562,066
Valuation in 2023 (40,000 )
Valuation in 2024 (94,022 )
Cost 6,639,711
8,885,071

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

30/6/24 30/6/23
£    £   
Cost 6,639,711 6,057,325

The investment property was valued on an open market basis on 30 June 2024 by the directors .

At the year end, the directors considered that the fair value of £8,885,071 remains appropriate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 121,413 105,775
Other debtors 13,489 10,077
134,902 115,852

7. CURRENT ASSET INVESTMENTS
30/6/24 30/6/23
£    £   
Investment in subsidiary 600,000 600,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 308,647 318,000
Hire purchase contracts 5,623 -
Trade creditors 17,947 12,212
Taxation and social security 79,303 122,415
Other creditors 451,334 444,093
862,854 896,720

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans 3,977,967 3,693,055
Hire purchase contracts 11,538 -
Other creditors 726,153 1,108,398
4,715,658 4,801,453

TRIANGLE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 09606007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

30/6/24 30/6/23
£    £   
Bank loans 4,286,614 4,011,055

11. RESERVES

Within the retained earnings, £1,684,020 ( 2023 £1,754,537) is non-distributable reserves in relation to the revaluation gain net of deferred tax on the investment property.