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REGISTERED NUMBER: 04061381 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tri Management Limited

Tri Management Limited (Registered number: 04061381)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tri Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J C P Flynn
Mr M Frampton
Mr S A Nicholls





SECRETARY: Mr J C P Flynn





REGISTERED OFFICE: 4 Park Parade
Farnham Royal
Slough
Berkshire
SL2 3AU





REGISTERED NUMBER: 04061381 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Tri Management Limited (Registered number: 04061381)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,051 2,115
Investments 5 251,250 -
252,301 2,115

CURRENT ASSETS
Debtors 6 1,944,246 2,130,682
Cash at bank and in hand 816,263 1,004,723
2,760,509 3,135,405
CREDITORS
Amounts falling due within one year 7 (839,762 ) (841,053 )
NET CURRENT ASSETS 1,920,747 2,294,352
TOTAL ASSETS LESS CURRENT LIABILITIES 2,173,048 2,296,467

PROVISIONS FOR LIABILITIES (181 ) (287 )
NET ASSETS 2,172,867 2,296,180

CAPITAL AND RESERVES
Called up share capital 75 15
Share premium 99,940 -
Retained earnings 2,072,852 2,296,165
SHAREHOLDERS' FUNDS 2,172,867 2,296,180

Tri Management Limited (Registered number: 04061381)

Balance Sheet - continued
31 December 2024


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

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

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 31 March 2025 and were signed on its behalf by:





Mr J C P Flynn - Director


Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tri Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
The turnover shown in the profit and loss account represents the value of all services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.


Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 49,523
DEPRECIATION
At 1 January 2024 47,408
Charge for year 1,064
At 31 December 2024 48,472
NET BOOK VALUE
At 31 December 2024 1,051
At 31 December 2023 2,115

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 251,250
At 31 December 2024 251,250
NET BOOK VALUE
At 31 December 2024 251,250

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 937,596 1,229,263
Other debtors 1,006,650 901,419
1,944,246 2,130,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 243,784 339,989
Amounts owed to group undertakings 148,776 -
Taxation and social security 231,922 293,967
Other creditors 215,280 207,097
839,762 841,053

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr M Frampton
Balance outstanding at start of year 60,953 22,540
Amounts advanced 22,000 130,813
Amounts repaid - (92,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,953 60,953

Mr J C P Flynn
Balance outstanding at start of year - -
Amounts advanced 18,395 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,395 -

Mr S A Nicholls
Balance outstanding at start of year - -
Amounts advanced 18,207 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,207 -

Amounts due from a director were repaid to the company following the balance sheet date. The outstanding balance accrues interest at the HMRC Official Rate.

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RELATED PARTY DISCLOSURES

During the year Tri Management Ltd acquired the entire share capital in Triman Passive Fire Ltd. Following the acquisition, the trade and certain assets of Triman Passive Fire Ltd were hived up into Tri Management Ltd.

As at the balance sheet date the company was owed £751,053 (2023: £751,053) by Tri Management Services Limited, on an unsecured and interest free basis.

10. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.