Trinity Investments (N.I.) Ltd NI065057 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is to be that of management consultancy activities. Digita Accounts Production Advanced 6.30.9574.0 true true NI065057 2023-07-01 2024-06-30 NI065057 2024-06-30 NI065057 bus:Director1 1 2024-06-30 NI065057 bus:OrdinaryShareClass1 2024-06-30 NI065057 core:CurrentFinancialInstruments 2024-06-30 NI065057 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI065057 core:LandBuildings core:LongLeaseholdAssets 2024-06-30 NI065057 bus:SmallEntities 2023-07-01 2024-06-30 NI065057 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI065057 bus:FilletedAccounts 2023-07-01 2024-06-30 NI065057 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI065057 bus:RegisteredOffice 2023-07-01 2024-06-30 NI065057 bus:Director1 2023-07-01 2024-06-30 NI065057 bus:Director1 1 2023-07-01 2024-06-30 NI065057 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI065057 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI065057 countries:NorthernIreland 2023-07-01 2024-06-30 NI065057 2023-06-30 NI065057 bus:Director1 1 2023-06-30 NI065057 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 NI065057 2022-07-01 2023-06-30 NI065057 2023-06-30 NI065057 bus:OrdinaryShareClass1 2023-06-30 NI065057 core:CurrentFinancialInstruments 2023-06-30 NI065057 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 NI065057 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI065057

Trinity Investments (N.I.) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Trinity Investments (N.I.) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Trinity Investments (N.I.) Limited

(Registration number: NI065057)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,500

12,500

Current assets

 

Stocks

5

68,591

38,501

Debtors

6

558,500

558,500

Cash at bank and in hand

 

370

419

 

627,461

597,420

Creditors: Amounts falling due within one year

7

(98,628)

(71,415)

Net current assets

 

528,833

526,005

Net assets

 

541,333

538,505

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

541,332

538,504

Shareholders' funds

 

541,333

538,505

For the financial year ending 30 June 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.

Approved and authorised by the Board on 20 February 2025 and signed on its behalf by:
 

.........................................
Peter Cleland
Director

 

Trinity Investments (N.I.) Limited

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

1

General information

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

The address of its registered office is:
6C Lisburn Street
Hillsborough
County Down
BT26 6AB
Northern Ireland

The presentational currency is £ sterling and the level of rounding is to the nearest £.

These financial statements were authorised for issue by the Board on 20 February 2025.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Going concern

The financial statements have been prepared on a going concern basis.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Trinity Investments (N.I.) Limited

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

Tangible assets

Tangible assets excluding land are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Land is carried at fair value, derived from the current market prices for comparable land determined by the directors. The directors' use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Trinity Investments (N.I.) Limited

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

3

Staff numbers

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

4

Tangible assets

Land
£

Total
£

Cost or valuation

At 1 July 2023

12,500

12,500

At 30 June 2024

12,500

12,500

Depreciation

Carrying amount

At 30 June 2024

12,500

12,500

At 30 June 2023

12,500

12,500

The Directors have valued land on an open market value for existing use basis.

5

Stocks

2024
£

2023
£

Other inventories

68,591

38,501

6

Debtors

2024
£

2023
£

Other debtors

558,500

558,500

558,500

558,500

The loan is interest free and repayable on demand.

 

 

Trinity Investments (N.I.) Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

9

87,194

60,054

Other payables

 

7,391

7,391

Accruals

 

4,043

3,970

 

98,628

71,415

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

9

Related party transactions

The company has availed of the exemption under FRS102 in relation to transactions with group companies.

 

Transactions with directors

2024

At 1 July 2023
£

Advances to director
£

At 30 June 2024
£

Peter Cleland

(20,466)

-

(20,466)

The above loan is unsecured, interest free and repayable on demand.