Silverfin false false 31/03/2025 16/11/2023 31/03/2025 D M O'Driscoll 16/11/2023 13 August 2025 The principal activity of the company is that of property investment. 15289434 2025-03-31 15289434 bus:Director1 2025-03-31 15289434 core:CurrentFinancialInstruments 2025-03-31 15289434 core:Non-currentFinancialInstruments 2025-03-31 15289434 core:ShareCapital 2025-03-31 15289434 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 15289434 core:RetainedEarningsAccumulatedLosses 2025-03-31 15289434 2023-11-15 15289434 core:CurrentFinancialInstruments core:Secured 2025-03-31 15289434 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 15289434 bus:OrdinaryShareClass1 2025-03-31 15289434 2023-11-16 2025-03-31 15289434 bus:FilletedAccounts 2023-11-16 2025-03-31 15289434 bus:SmallEntities 2023-11-16 2025-03-31 15289434 bus:AuditExemptWithAccountantsReport 2023-11-16 2025-03-31 15289434 bus:PrivateLimitedCompanyLtd 2023-11-16 2025-03-31 15289434 bus:Director1 2023-11-16 2025-03-31 15289434 bus:OrdinaryShareClass1 2023-11-16 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15289434 (England and Wales)

TRI PROPERTY INVESTMENTS LTD

Unaudited Financial Statements
For the financial period from 16 November 2023 to 31 March 2025
Pages for filing with the registrar

TRI PROPERTY INVESTMENTS LTD

Unaudited Financial Statements

For the financial period from 16 November 2023 to 31 March 2025

Contents

TRI PROPERTY INVESTMENTS LTD

COMPANY INFORMATION

For the financial period from 16 November 2023 to 31 March 2025
TRI PROPERTY INVESTMENTS LTD

COMPANY INFORMATION (continued)

For the financial period from 16 November 2023 to 31 March 2025
DIRECTOR D M O'Driscoll (Appointed 16 November 2023)
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 15289434 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
TRI PROPERTY INVESTMENTS LTD

BALANCE SHEET

As at 31 March 2025
TRI PROPERTY INVESTMENTS LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025
£
Fixed assets
Investment property 3 3,050,000
3,050,000
Current assets
Debtors 4 63
Cash at bank and in hand 4,858
4,921
Creditors: amounts falling due within one year 5 ( 873,894)
Net current liabilities (868,973)
Total assets less current liabilities 2,181,027
Creditors: amounts falling due after more than one year 6 ( 2,254,959)
Provision for liabilities 17,657
Net liabilities ( 56,275)
Capital and reserves
Called-up share capital 8 100
Fair value reserve 10 84,886
Profit and loss account ( 141,261 )
Total shareholders' deficit ( 56,275)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Tri Property Investments Ltd (registered number: 15289434) were approved and authorised for issue by the Director on 13 August 2025. They were signed on its behalf by:

D M O'Driscoll
Director
TRI PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 November 2023 to 31 March 2025
TRI PROPERTY INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 16 November 2023 to 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Tri Property Investments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
16.11.2023 to
31.03.2025
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Investment property

Investment property
£
Valuation
As at 16 November 2023 0
Additions 2,936,819
Revaluation in 2025 113,181
As at 31 March 2025 3,050,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.03.2025
£
Historic cost 2,936,819

The investment property was revalued by an independent surveyor at fair value during the period.

4. Debtors

31.03.2025
£
Other debtors 63

5. Creditors: amounts falling due within one year

31.03.2025
£
Bank loans (secured) 100,869
Trade creditors 63,211
Amounts owed to related parties 708,178
Other creditors 1,636
873,894

6. Creditors: amounts falling due after more than one year

31.03.2025
£
Bank loans (secured) 2,254,959

7. Deferred tax

31.03.2025
£
At the beginning of financial period 0
Credited to the Profit and Loss Account 17,657
At the end of financial period 17,657

8. Called-up share capital

31.03.2025
£
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100

9. Secured debts

The following secured debts are included within creditors:

31.03.2025
£
Bank loans 2,355,828

The bank loan is secured on the investment property, 232 Penarth Road, Cardiff, owned by the company.

10. Fair value reserve

31.03.2025
£
Property revaluation 113,181
Deferred Tax (28,295)
84,886