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Registered number: 15063091













TRINITY STREET ADVISORS LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024


 
TRINITY STREET ADVISORS LIMITED
REGISTERED NUMBER:15063091


BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
138

  
138

Current assets
  

Debtors: amounts falling due within one year
 5 
1,600

Cash at bank and in hand
 6 
7,815

  
9,415

Creditors: amounts falling due within one year
 7 
(6,256)

Net current assets
  
 
 
3,159

Net assets
  
3,297


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
3,296

  
3,297


Page 1


 
TRINITY STREET ADVISORS LIMITED
REGISTERED NUMBER:15063091

    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Jatinder Mehmi
Director

Date: 25 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


 
TRINITY STREET ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Trinity Street Advisors Limited is a private company limited by shares, incorporated and domiciled in England and Wales, United Kingdom. The registered office is Harwood House, 43 Harwood Road, London SW6 4QP.
The Company was incorporated on 10 August 2023 and shortened their first financial year end to 31 March 2024. Thus, this is the first set of accounts prepared for the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3


 
TRINITY STREET ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4


 
TRINITY STREET ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 10 August 2023
-


Additions
142



At 31 March 2024

142



Depreciation


At 10 August 2023
-


Charge for the period on owned assets
4



At 31 March 2024

4



Net book value



At 31 March 2024
138


5.


Debtors

2024
£


Trade debtors
1,600



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
7,815


Page 5


 
TRINITY STREET ADVISORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: amounts falling due within one year

2024
£

Corporation tax
975

Other taxation and social security
1,570

Other creditors
1,311

Accruals and deferred income
2,400

6,256



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation the Company issued 1 Ordinary share of £1.00 at par value to the parent undertaking, Trinity Street Holdings Limited.


9.


Controlling party

At 31 March 2024 the Company is a subsidiary of Trinity Street Holdings Limited, the ultimate parent undertaking, a company registered in England and Wales, United Kingdom. The ultimate controlling party is the director, Jatinder Mehmi, by virtue of their 100% ownership of Trinity Street Holdings Limited.

 
Page 6