REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
TRITON LAND LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
TRITON LAND LTD |
TRITON LAND LTD (REGISTERED NUMBER: 12750438) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
TRITON LAND LTD (REGISTERED NUMBER: 12750438) |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities | 6 |
Net assets |
Capital and reserves |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings |
Shareholders' funds |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TRITON LAND LTD (REGISTERED NUMBER: 12750438) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | Statutory information |
Triton Land Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12750438. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Four Acres, Careys Road, Bournemouth, Dorset, BH8 0DT. |
2. | Accounting policies |
Basis of preparing the financial statements |
Investment property |
Investment Properties are carried at their fair value. Revaluations will take place with sufficient regularity to ensure a true and fair view with changes in fair value recognised in the profit and loss account. |
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 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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
TRITON LAND LTD (REGISTERED NUMBER: 12750438) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 August 2023 |
Revaluations | 76,559 |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
At 31 July 2023 |
The directors have valued the investment property based on current market conditions. |
Fair value at 31 July 2024 is represented by: |
£ |
Valuation in 2024 | 76,559 |
Cost | 123,441 |
200,000 |
5. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
Other creditors |
Accruals and deferred income |
6. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 19,140 | - |
Deferred |
tax |
£ |
Revaluation gain | 19,140 |
Balance at 31 July 2024 |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
TRITON LAND LTD (REGISTERED NUMBER: 12750438) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
8. | Reserves |
Fair |
value |
reserve |
£ |
Net revaluation | 57,419 |
At 31 July 2024 |
9. | Ultimate controlling party |
The company is under the control of the directors who between them own 100% of the issued share capital of the company. |