Registration number:
TRNKLD Holdings Limited (A company limited by guarantee)
for the Year Ended 30 September 2024
TRNKLD Holdings Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
TRNKLD Holdings Limited
Company Information
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Directors |
Mr. R W Brown Mrs R E Lipscomb Mr P R Giesler Lord I W Wrigglesworth Mr R P Bevan |
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Company secretary |
Mr T Slater |
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Registered office |
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Accountants |
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TRNKLD Holdings Limited
(Registration number: 11471809)
Statement of Financial Position as at 30 September 2024
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2023 |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net assets/(liabilities) |
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Reserves |
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Surplus/(deficit) |
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For the financial year ending 30 September 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the income statement has been taken.
The financial statements of TRNKLD Holdings Limited were approved and authorised for issue by the
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Director
TRNKLD Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024
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General information |
TRNKLD Holdings Limited (the 'company') is a company limited by guarantee, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.
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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, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Going concern
The directors have considered financial projections for the company over the foreseeable future and have also reviewed the ongoing committed financial support from the Twickenham and Richmond Liberal Democrats and are confident that this will be available for the foreseeable future. After making enquiries, the directors are satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
TRNKLD Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)
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Accounting policies (continued) |
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
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.
Receivables
Receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
TRNKLD Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024 (continued)
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Receivables |
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2023 |
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Prepayments |
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Payables |
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2024 |
2023 |
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Due within one year |
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Amounts due to related parties |
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Accruals |
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Related party transactions |
The company recharged all its property and related expenses to Twickenham and Richmond Liberal Democrats, an organisation which is under common control. At 30 September 2024 the company owed £2,232 (2023: £6,379) to Twickenham and Richmond Liberal Democrats.
There were no other related party transactions to disclose.