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REGISTERED NUMBER: 12764695 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TRITON PROPERTY MAINTENANCE
LIMITED

TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRITON PROPERTY MAINTENANCE
LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: P Burnham
Mrs E Burnham





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 12764695 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 955,000 955,000

CURRENT ASSETS
Cash at bank 66,333 1,089

CREDITORS
Amounts falling due within one year 5 (55,765 ) (497 )
NET CURRENT ASSETS 10,568 592
TOTAL ASSETS LESS CURRENT
LIABILITIES

965,568

955,592

CREDITORS
Amounts falling due after more than one
year

6

(767,840

)

(836,900

)

PROVISIONS FOR LIABILITIES (21,850 ) (21,850 )
NET ASSETS 175,878 96,842

CAPITAL AND RESERVES
Called up share capital 102 102
Investment property reserve -
non distributable 7 93,150 93,150
Retained earnings 7 82,626 3,590
175,878 96,842

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

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

TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)

BALANCE SHEET - continued
31 July 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 13 March 2025 and were signed on its behalf by:




P Burnham - Director



Mrs E Burnham - Director


TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Triton Property Maintenance 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 statement is the Pound Sterling (£) which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Turnover represents rent receivable from property investments.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

The investment properties are revalued annually to fair value by company directors with periodic external open market valuations.

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.

TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 955,000
NET BOOK VALUE
At 31 July 2024 955,000
At 31 July 2023 955,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 215,000
Valuation in 2023 (100,000 )
Cost 840,000
955,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 840,000 840,000

Investment properties were valued on an open market basis on 31 July 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,091 -
Tax 25,945 155
VAT 18,886 -
Other creditors 300 299
Directors' current accounts 43 43
Accrued expenses 2,500 -
55,765 497

TRITON PROPERTY MAINTENANCE
LIMITED (REGISTERED NUMBER: 12764695)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 767,840 836,900

7. RESERVES





Investments
property
revaluation
reserve -
non dist



Retained
earnings




Total
£££

At 1 August 202393,1503,59096,740
Revaluation of property investments held during the year---
Deferred taxation on revaluation---
Net result in the year-79,03679,036
At 31 July 202493,15082,626175,776


8. DEFERRED TAXATION

£
Balance brought forward 21,850
Deferred taxation provided on revaluation during the year -
Deferred taxation provision at 31 July 2024 21,850