PTP Accounts Production v24.1.4.33 SC779738 Board of Directors Board of Directors 21.8.23 31.8.24 31.8.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7797382023-08-20SC7797382024-08-31SC7797382023-08-212024-08-31SC7797382023-08-20SC779738ns15:Scotland2023-08-212024-08-31SC779738ns14:PoundSterling2023-08-212024-08-31SC779738ns10:Director12023-08-212024-08-31SC779738ns10:Director22023-08-212024-08-31SC779738ns10:PrivateLimitedCompanyLtd2023-08-212024-08-31SC779738ns10:SmallEntities2023-08-212024-08-31SC779738ns10:AuditExemptWithAccountantsReport2023-08-212024-08-31SC779738ns10:SmallCompaniesRegimeForDirectorsReport2023-08-212024-08-31SC779738ns10:SmallCompaniesRegimeForAccounts2023-08-212024-08-31SC779738ns10:FullAccounts2023-08-212024-08-31SC779738ns10:RegisteredOffice2023-08-212024-08-31SC779738ns5:CurrentFinancialInstruments2024-08-31SC779738ns5:Non-currentFinancialInstruments2024-08-31SC779738ns5:ShareCapital2024-08-31SC779738ns5:RetainedEarningsAccumulatedLosses2024-08-31SC779738ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-08-31SC779738ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-31
REGISTERED NUMBER: SC779738 (Scotland)















Unaudited Financial Statements

for the Period 21 August 2023 to 31 August 2024

for

TRIGAN ENTERPRISES LTD

TRIGAN ENTERPRISES LTD (Registered number: SC779738)






Contents of the Financial Statements
for the Period 21 August 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

TRIGAN ENTERPRISES LTD

Company Information
for the Period 21 August 2023 to 31 August 2024







DIRECTORS: Dr G MacIver
Dr M A MacIver





REGISTERED OFFICE: 25 Donaldfield Road
Bridge Of Weir
Scotland
PA11 3JG





REGISTERED NUMBER: SC779738 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB

TRIGAN ENTERPRISES LTD (Registered number: SC779738)

Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Investment property 4 139,959

CURRENT ASSETS
Debtors 5 247
Cash at bank 680
927
CREDITORS
Amounts falling due within one year 6 72,548
NET CURRENT LIABILITIES (71,621 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,338

CREDITORS
Amounts falling due after more than one year 7 81,200
NET LIABILITIES (12,862 )

CAPITAL AND RESERVES
Called up share capital 40
Retained earnings (12,902 )
(12,862 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

TRIGAN ENTERPRISES LTD (Registered number: SC779738)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:




Dr G MacIver - Director



Dr M A MacIver - Director


TRIGAN ENTERPRISES LTD (Registered number: SC779738)

Notes to the Financial Statements
for the Period 21 August 2023 to 31 August 2024

1. STATUTORY INFORMATION

TRIGAN ENTERPRISES LTD is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

TRIGAN ENTERPRISES LTD (Registered number: SC779738)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 August 2024

4. INVESTMENT PROPERTY

As at the balance sheet date, investment property is recognised initially at cost including its purchase price and directly attributable expenditure such as legal and brokerage fees, property transfer costs and other transactional costs.

In subsequent years, the investment property shall be measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

The investment property has been acquired through mortgage finance with a capital balance to be settled at the 10 year term of £81,200 and is duly disclosed in long term liabilities. The mortgage finance is a fixed rate interest agreement reverting to a standard variable rate at the end of 24 month initial period. The loan facility utilised by the company are secured with a charge over the investment property, in favour of Paratus Amc Limited.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 247

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 72,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans (see note 8) 81,200

8. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due between two and five years:
Bank loans - 2-5 years 81,200

9. RELATED PARTY DISCLOSURES

During the financial year, the directors provided financial support to the company. At as the balance sheet date, the directors were owed £71,448 which is duly included within Other creditors. The balance owed attracts interest payable annually in arrears with there being no fixed term for repayment of loan.

10. ULTIMATE CONTROLLING PARTY

The company is owned equally by the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TRIGAN ENTERPRISES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRIGAN ENTERPRISES LTD for the period ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of TRIGAN ENTERPRISES LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TRIGAN ENTERPRISES LTD and state those matters that we have agreed to state to the Board of Directors of TRIGAN ENTERPRISES LTD, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TRIGAN ENTERPRISES LTD 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 loss of TRIGAN ENTERPRISES LTD. You consider that TRIGAN ENTERPRISES LTD 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 TRIGAN ENTERPRISES LTD. 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.






GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB


12 March 2025