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REGISTERED NUMBER: 13777414 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TRIATH HOLDINGS LTD

TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)






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


TRIATH HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: George Harry Brook





REGISTERED OFFICE: 2 Triath Court
White Lee Road
Batley
WF17 8AT





REGISTERED NUMBER: 13777414 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 44,058 6,931
Investment property 4 1,231,275 865,825
1,275,333 872,756

CURRENT ASSETS
Debtors 5 25,663 26,188
Prepayments and accrued income 4,155 2,615
Cash at bank 3,990 7,438
33,808 36,241
CREDITORS
Amounts falling due within one year 6 100,073 96,924
NET CURRENT LIABILITIES (66,265 ) (60,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,068

812,073

CREDITORS
Amounts falling due after more than
one year

7

(802,719

)

(797,671

)

PROVISIONS FOR LIABILITIES (99,840 ) -

ACCRUALS AND DEFERRED INCOME (5,829 ) (2,855 )
NET ASSETS 300,680 11,547

TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 104 104
Revaluation reserve 9 273,375 -
Profit and loss account 27,201 11,443
300,680 11,547

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





George Harry Brook - Director


TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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 Profit and Loss Account, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 8,154 - - 8,154
Additions 10,848 9,009 26,049 45,906
At 31 December 2024 19,002 9,009 26,049 54,060
DEPRECIATION
At 1 January 2024 1,223 - - 1,223
Charge for year 2,667 902 5,210 8,779
At 31 December 2024 3,890 902 5,210 10,002
NET BOOK VALUE
At 31 December 2024 15,112 8,107 20,839 44,058
At 31 December 2023 6,931 - - 6,931

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 865,825
Additions 950
Revaluations 364,500
At 31 December 2024 1,231,275
NET BOOK VALUE
At 31 December 2024 1,231,275
At 31 December 2023 865,825

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 364,500
Cost 866,775
1,231,275

TRIATH HOLDINGS LTD (REGISTERED NUMBER: 13777414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 975 -
Amounts owed by associates 24,688 26,188
25,663 26,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,448 -
Trade creditors - 1,288
Amounts owed to associates 95,000 95,000
Taxation and social security - 36
Other creditors 625 600
100,073 96,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,826 -
Other creditors 786,893 797,671
802,719 797,671

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 20,274 -

9. RESERVES
Revaluation
reserve
£   
Revaluations 273,375

At 31 December 2024 273,375