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REGISTERED NUMBER: 01923402 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TRIUMPH PROPERTY LIMITED

TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)






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


TRIUMPH PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr P S Halladay
Mrs H J Halladay





SECRETARY: Mrs H J Halladay





REGISTERED OFFICE: 2 Peverells Wood Avenue
Chandlers Ford
Eastleigh
Hampshire
SO53 2AU





REGISTERED NUMBER: 01923402 (England and Wales)





ACCOUNTANTS: Willcox & Co
10 Chilcott Court
Southampton
SO52 9PS

TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 425,000 425,000

CURRENT ASSETS
Debtors 5 10 10
Cash at bank 9,522 10,660
9,532 10,670
CREDITORS
Amounts falling due within one year 6 31,357 33,733
NET CURRENT LIABILITIES (21,825 ) (23,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,175

401,937

PROVISIONS FOR LIABILITIES 5,000 5,000
NET ASSETS 398,175 396,937

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 397,175 395,937
SHAREHOLDERS' FUNDS 398,175 396,937

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.

TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)

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 13 March 2025 and were signed on its behalf by:





Mr P S Halladay - Director


TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)

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

1. STATUTORY INFORMATION

Triumph Property 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 property administration and rental income.

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.

3. EMPLOYEES AND DIRECTORS

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

TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 425,000
NET BOOK VALUE
At 30 June 2024 425,000
At 30 June 2023 425,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 425,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 232,469 232,469

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 10 10

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 4,988 4,994
Other creditors 26,369 28,739
31,357 33,733

TRIUMPH PROPERTY LIMITED (REGISTERED NUMBER: 01923402)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr P S Halladay and Mrs H J Halladay
Balance outstanding at start of year (27,839 ) (39,950 )
Amounts advanced 2,412 12,111
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,427 ) (27,839 )

The company owed Mr P S Halladay and Mrs H J Halladay jointly £25,427 at the balance sheet date. (2023 - £27,839).

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the directors. (2023 - £20,000).