Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-08The principle activity of the company is that of investment propertyfalse42023-06-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09053219 2023-06-01 2024-05-31 09053219 2022-06-01 2023-05-31 09053219 2024-05-31 09053219 2023-05-31 09053219 c:Director2 2023-06-01 2024-05-31 09053219 d:FreeholdInvestmentProperty 2024-05-31 09053219 d:FreeholdInvestmentProperty 2023-05-31 09053219 d:CurrentFinancialInstruments 2024-05-31 09053219 d:CurrentFinancialInstruments 2023-05-31 09053219 d:Non-currentFinancialInstruments 2024-05-31 09053219 d:Non-currentFinancialInstruments 2023-05-31 09053219 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09053219 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09053219 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 09053219 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 09053219 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 09053219 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 09053219 d:ShareCapital 2024-05-31 09053219 d:ShareCapital 2023-05-31 09053219 d:RetainedEarningsAccumulatedLosses 2024-05-31 09053219 d:RetainedEarningsAccumulatedLosses 2023-05-31 09053219 c:FRS102 2023-06-01 2024-05-31 09053219 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09053219 c:FullAccounts 2023-06-01 2024-05-31 09053219 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09053219 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09053219










TRINITY OXFORD PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
TRINITY OXFORD PROPERTIES LIMITED
REGISTERED NUMBER: 09053219

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment Property
 4 
2,294,210
2,294,210

  
2,294,210
2,294,210

Current assets
  

Cash At Bank And In Hand
 5 
32,092
64,878

  
32,092
64,878

Creditors: amounts falling due within one year
 6 
(1,451,733)
(2,101,907)

Net current liabilities
  
 
 
(1,419,641)
 
 
(2,037,029)

Total assets less current liabilities
  
874,569
257,181

Creditors: amounts falling due after more than one year
 7 
(708,936)
(708,950)

  

Net assets/(liabilities)
  
165,633
(451,769)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
165,629
(451,773)

  
165,633
(451,769)


Page 1

 
TRINITY OXFORD PROPERTIES LIMITED
REGISTERED NUMBER: 09053219
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 statement of income and retained earnings 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 by: 




................................................
A L Marks
Director

Date: 8 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TRINITY OXFORD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Trinity Oxford Properties Limited is a private company limited by shares incorporated in the United Kingdom, registered in England and Wales. The registered office is 73 Southern Road, Thame, OX9 2ED.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existance for the foreseeable future. The company is supported by the directors loan accounts and has sufficient funds available. There is no requirement for the loans to be repaid in the near future. These loans exceed the net deficit reflected in the balance sheet at the year end.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TRINITY OXFORD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Investment property

Investment property is carried at fair value currently deemed to be the cost value, derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
TRINITY OXFORD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 June 2023
2,294,210



At 31 May 2024
2,294,210

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
32,092
64,878

32,092
64,878



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
24,900
24,900

Corporation tax
478
-

Other creditors
1,422,768
2,073,420

Accruals and deferred income
3,587
3,587

1,451,733
2,101,907


Page 5

 
TRINITY OXFORD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
708,936
708,950

708,936
708,950


The following liabilities were secured:




Details of security provided:

The bank loan is secured by the following deed of charges: 23/09/2019 fixed and floating charge covering all the property or undertaking of the company. 


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
24,900
24,900


24,900
24,900



Amounts falling due after more than 5 years

Bank loans
708,936
708,950

708,936
708,950

733,836
733,850


 
Page 6