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Registration number: 06241376

TRP Sealing Systems (Investments) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

TRP Sealing Systems (Investments) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

TRP Sealing Systems (Investments) Limited

Company Information

Directors

Mr S J Children

Mrs R G Children

Company secretary

Mr S J Children

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
Chartered Accountants
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

TRP Sealing Systems (Investments) Limited

(Registration number: 06241376)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Investments

4

2,678,824

2,678,824

Current assets

 

Debtors

5

344,946

250,000

Cash at bank and in hand

 

409

812

 

345,355

250,812

Creditors: Amounts falling due within one year

6

(2,493,643)

(2,492,387)

Net current liabilities

 

(2,148,288)

(2,241,575)

Net assets

 

530,536

437,249

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

530,436

437,149

Shareholders' funds

 

530,536

437,249

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

TRP Sealing Systems (Investments) Limited

(Registration number: 06241376)
Balance Sheet as at 30 April 2024
(continued)

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Mr S J Children
Director

 

TRP Sealing Systems (Investments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

The principal place of business is:
24 Tarsmill Court
Rotherwas
Hereford
Herefordshire
HR2 6JZ

These financial statements were authorised for issue by the Board on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with FRS 102, section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

 

TRP Sealing Systems (Investments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
(continued)

2

Accounting policies (continued)

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

TRP Sealing Systems (Investments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
(continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Investments in subsidiaries

2,678,824

2,678,824

Subsidiaries

£

Cost or valuation

At 1 May 2023

2,678,824

Provision

Carrying amount

At 30 April 2024

2,678,824

At 30 April 2023

2,678,824

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

TRP Sealing Systems (Investments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
(continued)

4

Investments (continued)

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

TRP Sealing Systems (India) Pvt. Ltd

Equity

50%

50%

TRP Sealing Systemns (Anhui) Ltd

China

Ordinary

100%

100%

TRP Sealing Systems (U.S) Inc

100%

100%

Subsidiary undertakings

TRP Sealing Systems (India) Pvt. Ltd

The principal activity of TRP Sealing Systems (India) Pvt. Ltd is Production of rubber seals and gaskets and insulators.

TRP Sealing Systemns (Anhui) Ltd

The principal activity of TRP Sealing Systemns (Anhui) Ltd is Production of rubber seals and gaskets.

5

Debtors

2024
£

2023
£

Other debtors

344,946

250,000

344,946

250,000

 

TRP Sealing Systems (Investments) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
(continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,493,643

2,492,387

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

8

Parent and ultimate parent undertaking

The company's immediate parent is TRP Sealing Systems Limited, incorporated in England.