Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31No description of principal activityfalsefalse33true2024-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06495879 2024-01-01 2024-12-31 06495879 2023-01-01 2023-12-31 06495879 2024-12-31 06495879 2023-12-31 06495879 c:Director2 2024-01-01 2024-12-31 06495879 d:CurrentFinancialInstruments 2024-12-31 06495879 d:CurrentFinancialInstruments 2023-12-31 06495879 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06495879 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06495879 d:ShareCapital 2024-12-31 06495879 d:ShareCapital 2023-12-31 06495879 d:SharePremium 2024-12-31 06495879 d:SharePremium 2023-12-31 06495879 d:RetainedEarningsAccumulatedLosses 2024-12-31 06495879 d:RetainedEarningsAccumulatedLosses 2023-12-31 06495879 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06495879 c:OrdinaryShareClass1 2024-12-31 06495879 c:OrdinaryShareClass1 2023-12-31 06495879 c:OrdinaryShareClass2 2024-01-01 2024-12-31 06495879 c:OrdinaryShareClass2 2024-12-31 06495879 c:OrdinaryShareClass2 2023-12-31 06495879 c:OrdinaryShareClass3 2024-01-01 2024-12-31 06495879 c:OrdinaryShareClass3 2024-12-31 06495879 c:OrdinaryShareClass3 2023-12-31 06495879 c:FRS102 2024-01-01 2024-12-31 06495879 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06495879 c:FullAccounts 2024-01-01 2024-12-31 06495879 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06495879 6 2024-01-01 2024-12-31 06495879 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06495879










THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
FOR THE YEAR ENDED 31 DECEMBER 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 The Trendsetting Group Holdings Limited (formerly Trend International Holdings Limited) for the year ended 31 December 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of The Trendsetting Group Holdings Limited (formerly Trend International 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 The Trendsetting Group Holdings Limited (formerly Trend International Holdings Limited) and state those matters that we have agreed to state to the Board of Directors of The Trendsetting Group Holdings Limited (formerly Trend International Holdings Limited), as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Trendsetting Group Holdings Limited (formerly Trend International Holdings Limited) and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that The Trendsetting Group Holdings Limited (formerly Trend International 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 The Trendsetting Group Holdings Limited (formerly Trend International Holdings Limited). You consider that The Trendsetting Group Holdings Limited (formerly Trend International 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 The Trendsetting Group Holdings Limited (formerly Trend International 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.

  



Kinnair Associates Limited
 
Chartered Accountants
  
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
3 June 2025
Page 1

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
REGISTERED NUMBER: 06495879

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
763,849
763,849

  
763,849
763,849

  

Creditors: amounts falling due within one year
 6 
(162,564)
(210,075)

Net current liabilities
  
 
 
(162,564)
 
 
(210,075)

Total assets less current liabilities
  
601,285
553,774

  

Net assets
  
601,285
553,774


Capital and reserves
  

Called up share capital 
 8 
438
438

Share premium account
  
69,946
69,946

Profit and loss account
  
530,901
483,390

  
601,285
553,774


Page 2

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
REGISTERED NUMBER: 06495879
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 on 3 June 2025.




Mr J Cowan
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Trend International Holdings Limited is a private company limited by shares incorporated in England and Wales, registration number 06495879. The registered office is 351 Shields Road, Newcastle upon Tyne, NE6 2UD. 

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 financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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, whilst also taking into consideration the impact of the Covid 19 pandemic. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.4

Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, where this can be identified, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity. In circumstances where the vesting period can not be identified no expense is recognised.

 
2.5

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.


Page 4

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Valuation of investments

Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and
operating policies of the entity so as to obtain benefits from its activities.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying
Page 5

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Employees

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


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
763,849



At 31 December 2024
763,849




Page 6

 
THE TRENDSETTING GROUP HOLDINGS LIMITED (FORMERLY TREND INTERNATIONAL HOLDINGS LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
106,358
127,380

Corporation tax
55,034
78,219

Other creditors
1,172
4,476

162,564
210,075


All the company's property and assets are secured by a fixed and floating in favour of the Group's bank.


7.


Financial instruments






8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



37,440 (2023 - 37,440) Ordinary shares shares of £0.01 each
374
374
4,160 (2023 - 4,160) 'A' Ordinary shares shares of £0.01 each
42
42
2,189 (2023 - 2,189) 'C' Ordinary shares shares of £0.01 each
22
22

438

438



9.


Share-based payments

Options have been granted under the company's Enterprise Management Incentives share option scheme. The options can be exercised at the time of disposal of the company's shares.
There were 100 shares under option at 31 December 2024 (2023: 100 shares). No options were granted during the year (2023: nil).  The subscription price per share is £0.01.

 
Page 7