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Registration number: 00549795

Trinity Garage (Hotwells) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Pages for filing with Registrar

 

Trinity Garage (Hotwells) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Trinity Garage (Hotwells) Limited

Company Information

Directors

N Finch

S Finch

Registered office

7 Kingsmill
Stoke Bishop
Bristol
BS9 1BZ

Registered number

00549795

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Trinity Garage (Hotwells) Limited

(Registration number: 00549795)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

5

331,025

310,162

Current assets

 

Debtors

6

11

-

Cash at bank and in hand

 

183,631

179,105

 

183,642

179,105

Creditors: Amounts falling due within one year

7

(2,512)

(2,512)

Net current assets

 

181,130

176,593

Total assets less current liabilities

 

512,155

486,755

Provisions for liabilities

(8,300)

(4,800)

Net assets

 

503,855

481,955

Capital and reserves

 

Called up share capital

8

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 7 April 2025 and signed on its behalf by:
 




S Finch
Director

 

Trinity Garage (Hotwells) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Kingsmill
Stoke Bishop
Bristol
BS9 1BZ

2

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

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of transaction.

 

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Revaluation of investments

8,300

2023

Liability
£

Revaluation of investments

4,800

5

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

At 31 December 2024

331,025

At 31 December 2023

310,162

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

6

Debtors: amounts falling due within one year

2024
£

2023
£

Accrued income

11

-

11

-

7

Creditors

2024
£

2023
£

Accruals

2,200

2,200

Directors' current accounts

312

312

2,512

2,512

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

14,090

14,090

14,090

14,090

         

9

Dividends

   

2024
£

 

2023
£

Dividend of £Nil (2023 - £1.85) per each Ordinary share

 

-

 

23,250