Registration number:
Trinity Garage (Hotwells) Limited
for the Year Ended 31 December 2024
Pages for filing with Registrar
Trinity Garage (Hotwells) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Trinity Garage (Hotwells) Limited
Company Information
Directors |
N Finch S Finch |
Registered office |
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Registered number |
00549795 |
Accountant |
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Trinity Garage (Hotwells) Limited
(Registration number: 00549795)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Other financial assets |
331,025 |
310,162 |
|
Current assets |
|||
Debtors |
11 |
- |
|
Cash at bank and in hand |
183,631 |
179,105 |
|
183,642 |
179,105 |
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Creditors: Amounts falling due within one year |
(2,512) |
(2,512) |
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Net current assets |
181,130 |
176,593 |
|
Total assets less current liabilities |
512,155 |
486,755 |
|
Provisions for liabilities |
(8,300) |
(4,800) |
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Net assets |
503,855 |
481,955 |
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Capital and reserves |
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Called up share capital |
14,090 |
14,090 |
|
Profit and loss account |
489,765 |
467,865 |
|
Total equity |
503,855 |
481,955 |
Trinity Garage (Hotwells) Limited
(Registration number: 00549795)
Balance Sheet as at 31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised for issue by the
Director
Trinity Garage (Hotwells) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Basis of preparation
These financial statements have been prepared using the historical cost convention except as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover represents rents receivable.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Foreign currency transactions and balances
Trinity Garage (Hotwells) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
2 |
Accounting policies (continued) |
Tax
The tax expense for the period represents the sum of the current tax expense and deferred tax expense. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments
Investments in other equity shares which are publicly traded or where the fair value can be measured reliably are measured at fair value, with changes in fair value recognised in profit or loss.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Trinity Garage (Hotwells) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Deferred tax
Deferred tax assets and liabilities
2024 |
Liability |
Revaluation of investments |
|
2023 |
Liability |
Revaluation of investments |
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Investments |
Listed investments |
|
Cost or valuation |
|
At 1 January 2024 |
310,162 |
Additions |
40,347 |
Disposals |
(37,113) |
Fair value adjustments |
17,629 |
At 31 December 2024 |
331,025 |
Carrying amount |
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At 31 December 2024 |
|
At 31 December 2023 |
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Investments are valued at the balance sheet date by the investment managers. The historical cost of investments is £304,722 (2023: £302,302).
Trinity Garage (Hotwells) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Debtors: amounts falling due within one year |
2024 |
2023 |
|
Accrued income |
11 |
- |
11 |
- |
Creditors |
2024 |
2023 |
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Accruals |
2,200 |
2,200 |
Directors' current accounts |
312 |
312 |
2,512 |
2,512 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
|
14,090 |
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14,090 |
Dividends |
2024 |
2023 |
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Dividend of £Nil (2023 - £ |
- |
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