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REGISTERED NUMBER: 14657377 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE PERIOD

13TH FEBRUARY 2023 TO 30TH JUNE 2024

FOR

TRIAM GROUP LTD

TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13TH FEBRUARY 2023 TO 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TRIAM GROUP LTD

COMPANY INFORMATION
FOR THE PERIOD 13TH FEBRUARY 2023 TO 30TH JUNE 2024







DIRECTOR: Mr P Karia





REGISTERED OFFICE: 17-21 Langham Road
Langham Road
LE4 9WF





REGISTERED NUMBER: 14657377 (England and Wales)






TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

Notes £   
FIXED ASSETS
Investments 4 10,000
Investment property 5 2,000,000
2,010,000

CURRENT ASSETS
Cash at bank 846

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

(46,134

)
NET CURRENT LIABILITIES (45,288 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,964,712

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(1,327,213

)

PROVISIONS FOR LIABILITIES (60,000 )
NET ASSETS 577,499

CAPITAL AND RESERVES
Called up share capital 10,000
Non-distributable reserve 180,000
Retained earnings 387,499
577,499

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2024.

The members have not required the Company to obtain an audit of its financial statements for the period ended 30th June 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.

TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 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 director and authorised for issue on 11th April 2025 and were signed by:





Mr P Karia - Director


TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13TH FEBRUARY 2023 TO 30TH JUNE 2024


1. STATUTORY INFORMATION

Triam Group Ltd 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 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13TH FEBRUARY 2023 TO 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY RESERVE
The investment property reserve comprises the fair value uplift on the company's investment property net of the associated deferred tax. Any movement in the fair value of the investment property and/or the deferred tax associated with it during the year is transferred from the profit and loss account into this reserve as a reserve movement. The reserve is non-distributable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 10,000
At 30th June 2024 10,000
NET BOOK VALUE
At 30th June 2024 10,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,760,000
Revaluations 240,000
At 30th June 2024 2,000,000
NET BOOK VALUE
At 30th June 2024 2,000,000

The directors have considered the value of the investment property taking account of current use and condition of the property and local market conditions prevailing at the balance sheet date. In their opinion the cost shown within the financial statements is a materially true and fair value.

On historical cost basis, the property has original costs of £1,760,000.

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2024 240,000
Cost 1,760,000
2,000,000

TRIAM GROUP LTD (REGISTERED NUMBER: 14657377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13TH FEBRUARY 2023 TO 30TH JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 42,051
Taxation and social security 3,583
Other creditors 500
46,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 1,327,213

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,159,008

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,369,264

HSBC UK Bank PLC hold a negative pledge, fixed and floating charge covering all the property or undertaking of the company, including freehold property known as 17, 19 and 21 Langham Court, Langham Road, Leicester.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.