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COMPANY REGISTRATION NUMBER: 14894354
Triglyph Property Limited
Unaudited Financial Statements
31 May 2024
Triglyph Property Limited
Financial Statements
Period from 25 May 2023 to 31 May 2024
Contents
Page
Director's report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
The following pages do not form part of the financial statements
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
7
Triglyph Property Limited
Director's Report
Period from 25 May 2023 to 31 May 2024
The director presents his report and the unaudited financial statements of the company for the period ended 31 May 2024 .
Principal activities
The principal activity of the Company for the year was that of property consulting.
Director
The director who served the company during the period was as follows:
Mr P M A'Hern
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 January 2025 and signed on behalf of the board by:
Mr P M A'Hern
Director
Registered office:
Oakley House
Tetbury road
Cirencester
England
England
GL7 1US
Triglyph Property Limited
Statement of Income and Retained Earnings
Period from 25 May 2023 to 31 May 2024
Period from
25 May 23 to
31 May 24
Note
£
Turnover
45,728
--------
Gross profit
45,728
Administrative expenses
41,892
--------
Operating profit
3,836
Other interest receivable and similar income
36
--------
Profit before taxation
3,872
Tax on profit
736
-------
Profit for the financial period and total comprehensive income
3,136
-------
Retained earnings at the start of the period
-------
Retained earnings at the end of the period
3,136
-------
All the activities of the company are from continuing operations.
Triglyph Property Limited
Statement of Financial Position
31 May 2024
31 May 24
Note
£
£
Current assets
Cash at bank and in hand
5,764
Creditors: amounts falling due within one year
5
2,628
-------
Net current assets
3,136
-------
Total assets less current liabilities
3,136
-------
Net assets
3,136
-------
Capital and reserves
Profit and loss account
3,136
-------
Shareholders funds
3,136
-------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr P M A'Hern
Director
Company registration number: 14894354
Triglyph Property Limited
Notes to the Financial Statements
Period from 25 May 2023 to 31 May 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Oakley House, Tetbury road, Cirencester, England, GL7 1US, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Creditors: amounts falling due within one year
31 May 24
£
Corporation tax
736
Other creditors
1,892
-------
2,628
-------
6. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 May 24
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr P M A'Hern
( 1,172)
( 1,172)
----
-------
-------
Triglyph Property Limited
Management Information
Period from 25 May 2023 to 31 May 2024
The following pages do not form part of the financial statements.
Triglyph Property Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Triglyph Property Limited
Period from 25 May 2023 to 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Triglyph Property Limited for the period ended 31 May 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Triglyph Property Limited in accordance with the terms of our engagement letter dated 7 June 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Triglyph Property Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Triglyph Property Limited and its director for our work or for this report.
It is your duty to ensure that Triglyph Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Triglyph Property Limited. You consider that Triglyph Property Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Triglyph Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McGILLS Chartered Accountants
Oakley House Tetbury Road Cirencester Gloucestershire GL7 1US
31 January 2025