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REGISTERED NUMBER: 02878079 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TRIPLE D LIMITED

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRIPLE D LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M Daftari
A K Daroowala
A De Brito
M I Daroowala





SECRETARY: M Daftari





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 02878079 (England and Wales)





AUDITORS: Orcom Civvals Audit Limited
Chartered Accountants and
Statutory Auditors
50 Seymour Street
London
W1H 7JG

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 37,057 47,403
Tangible assets 6 3,405,141 3,415,794
3,442,198 3,463,197

CURRENT ASSETS
Stocks 12,547 15,310
Debtors 7 68,834 106,473
Cash at bank and in hand 558,804 589,865
640,185 711,648
CREDITORS
Amounts falling due within one year 8 (924,186 ) (859,598 )
NET CURRENT LIABILITIES (284,001 ) (147,950 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,158,197

3,315,247

CREDITORS
Amounts falling due after more than
one year

9

(157,500

)

(328,613

)

PROVISIONS FOR LIABILITIES (373,849 ) (369,053 )
NET ASSETS 2,626,848 2,617,581

CAPITAL AND RESERVES
Called up share capital 11 99 99
Revaluation reserve 12 1,868,780 1,868,780
Retained earnings 12 757,969 748,702
SHAREHOLDERS' FUNDS 2,626,848 2,617,581

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

BALANCE SHEET - continued
31 MAY 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 1 April 2025 and were signed on its behalf by:





A K Daroowala - Director


TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


1. STATUTORY INFORMATION

Triple D 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 company’s functional and presentation currency is the pound sterling and is rounded to the nearest pound sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:

The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements in order to assess going concern which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds, to meet its liabilities as they fall due during the going concern assessment period.

Turnover
Turnover represents revenue from sale of foods and beverages excluding value added tax and is recognised at point of sale.

Franchise licence fees
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% straight line
Short leasehold - over the term of the lease
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash and other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and deposits repayable on demand, less overdrafts payable on demand.

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


3. ACCOUNTING POLICIES - continued

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 114 (2023 - 121 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 62,541
AMORTISATION
At 1 June 2023 15,138
Charge for year 10,346
At 31 May 2024 25,484
NET BOOK VALUE
At 31 May 2024 37,057
At 31 May 2023 47,403

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


6. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Short Plant and fittings
property leasehold machinery & equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 3,200,000 932,814 535,972 1,062,540 5,731,326
Additions - - 10,383 54,303 64,686
At 31 May 2024 3,200,000 932,814 546,355 1,116,843 5,796,012
DEPRECIATION
At 1 June 2023 - 838,604 486,880 990,048 2,315,532
Charge for year 32,000 28,771 14,869 31,699 107,339
Revaluation adjustments (32,000 ) - - - (32,000 )
At 31 May 2024 - 867,375 501,749 1,021,747 2,390,871
NET BOOK VALUE
At 31 May 2024 3,200,000 65,439 44,606 95,096 3,405,141
At 31 May 2023 3,200,000 94,210 49,092 72,492 3,415,794

Cost or valuation at 31 May 2024 is represented by:

Fixtures,
Freehold Short Plant and fittings
property leasehold machinery & equipment Totals
£    £    £    £    £   
Valuation in 2015 1,008,917 292,081 - - 1,300,998
Valuation in 2016 1,100,000 - - - 1,100,000
Valuation in 2021 100,000 - - - 100,000
Cost 991,083 640,733 546,355 1,116,843 3,295,014
3,200,000 932,814 546,355 1,116,843 5,796,012

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,140 64,982
Prepayments 39,694 41,491
68,834 106,473

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 170,706 174,983
Trade creditors 321,526 206,650
Tax 40,182 12,864
Social security and other taxes 27,452 29,879
VAT 151,742 200,177
Other creditors 138,430 154,604
Directors' current accounts 721 658
Accrued expenses 73,427 79,783
924,186 859,598

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 135,000 171,113
Bank loans - 2-5 years 22,500 157,500
157,500 328,613

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 328,206 503,596

Bank loans include a lending facility under Coronavirus Business Interruption Loan Scheme (CBILS) which is secured by a legal charge over the freehold property and assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary £1 99 99

The company has one class of ordinary shares. Ordinary shares have full rights in the company with respect to voting, dividend and capital distribution.

TRIPLE D LIMITED (REGISTERED NUMBER: 02878079)

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


12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 748,702 1,868,780 2,617,482
Profit for the year 53,317 53,317
Dividends (76,050 ) (76,050 )
Revaluation in the year - 32,000 32,000
Revaluation adjustment 32,000 (32,000 ) -
At 31 May 2024 757,969 1,868,780 2,626,749

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aamir Kazi (Senior Statutory Auditor)
for and on behalf of Orcom Civvals Audit Limited

14. RELATED PARTY DISCLOSURES

Dividends totalling £76,050 (2023: £126,000) were paid during the year to directors and close members of their families.