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Company Registration No. 11954628 (England and Wales)







TRL HOLDINGS LIMITED

UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
TRL HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
Daniel Nolan 
Michael Sheahan 
Paul Hamilton 




Registered number
11954628



Registered office
Aldenham Golf & Country Club
Church Lane

Aldenham

Watford

Hertfordshire

WD25 8NN




Accountants
Riordan O'Sullivan & Co
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
TRL HOLDINGS LIMITED
 

CONTENTS



Page
Directors' Report
 
 
1
Accountants' Report
 
 
2
Balance Sheet
 
 
3
Notes to the Financial Statements
 
 
4 - 6


 
TRL HOLDINGS LIMITED
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2024

The directors present their report and the financial statements for the year ended 31 July 2024.

Principal activity

The principal activity of the company is that of an investment holding company.

Directors

The directors who served during the year were:

Daniel Nolan 
Michael Sheahan 
Paul Hamilton 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 14 April 2025 and signed on its behalf.
 





___________________________
Daniel Nolan
Director

Page 1

 
TRL HOLDINGS LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRL HOLDINGS LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRL Holdings Limited for the year ended 31 July 2024 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of Directors of TRL Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of TRL Holdings Limited and state those matters that we have agreed to state to the Board of Directors of TRL Holdings Limited, as a body, in this report  in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/  ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRL Holdings Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that TRL Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TRL Holdings Limited. You consider that TRL Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TRL Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



__________________________________
Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
14 April 2025
Page 2

 
TRL HOLDINGS LIMITED
REGISTERED NUMBER:11954628

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
882,783
882,783

  
882,783
882,783

Current assets
  

Debtors
 5 
1,002,019
1,088

Cash at bank and in hand
  
54,014
58,379

  
1,056,033
59,467

Creditors: amounts falling due within one year
 6 
(253,236)
(861,701)

Net current assets/(liabilities)
  
 
 
802,797
 
 
(802,234)

Net assets
  
1,685,580
80,549


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,685,480
80,449

  
1,685,580
80,549


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.



___________________________
Daniel Nolan
Director

Page 3

 
TRL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

TRL Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Aldenham Golf & Country Club, Church Lane, Aldenham, Watford, Hertfordshire,  WD25 8NN.   

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard Applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company.
The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.
The following accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover represents management fees receivable excluding value added tax.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.5

Fixed Asset investments

Investments in subsidiary companies are measured at cost of valuation less accumulated impairment losses.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
TRL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
882,783



At 31 July 2024
882,783


Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Registered office

Class of shares

Holding

Toureen Retail Limited
England and Wales
Ordinary
100%
Red Building Solutions Ltd
England and Wales
Ordinary
100%

The aggregate of the share capital and reserves as at 31 July 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Toureen Retail Limited
3,120,736
1,759,946

Red Building Solutions Ltd
(8,118)
452


5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
1,000,974
-

Other debtors
546
99

Prepayments
499
989

1,002,019
1,088


Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

Page 5

 
TRL HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
-
593,026

Amounts owed to related undertakings
250,000
250,000

Corporation tax
1,811
4,309

Other taxation and social security
1,125
12,000

Accruals
300
2,366

253,236
861,701


Amounts owed to group and related undertakings are interest free, unsecured and repayable on demand.


7.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



8.


Post balance sheet events

There were no events since the year end which materially affected the company.


9.


Controlling party

TRL Holdings Limited is under the control of Daniel Nolan who is a director and majority shareholder and therefore the ultimate controller of the company.

 
Page 6