REGISTERED NUMBER: 14389142 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Trinsic (Group) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Webb

Mrs T Webb

REGISTERED OFFICE:

1640 Parkway

Whiteley

Fareham

Hampshire

PO15 7AH

REGISTERED NUMBER:

14389142 (England and Wales)

ACCOUNTANTS:

AM-PM Accounting Solutions Limited

Building 6000

Langstone Technology Park

Langstone Road

Havant

Hampshire

PO9 1SA

FIXED ASSETS

Tangible assets

4

450,000

391,241

CURRENT ASSETS

Cash at bank

4,000

-

CREDITORS

Amounts falling due within one year

359,293

393,383

NET CURRENT LIABILITIES

(355,293

)

(393,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,707

(2,142

)

PROVISIONS FOR LIABILITIES

11,164

-

NET ASSETS/(LIABILITIES)

83,543

(2,142

)

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

5

47,595

-

Retained earnings

5

35,848

(2,242

)

83,543

(2,142

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

D Webb - Director

1.	STATUTORY INFORMATION

Trinsic (Group) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Freehold property is stated at deemed cost after revaluation.

Freehold property is included at fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 January 2024

391,241

Revaluations

58,759

At 31 December 2024

450,000

NET BOOK VALUE

At 31 December 2024

450,000

At 31 December 2023

391,241

Cost or valuation at 31 December 2024 is represented by:

Totals

£

Valuation in 2024

58,759

Cost

391,241

450,000

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

391,241

391,241

freehold property was valued on an open market basis on 31 December 2024 by Mr D Webb .

5.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

(2,242

)

-

(2,242

)

Profit for the year

85,685

85,685

Property Revaluation

(47,595

)

47,595

-

At 31 December 2024

35,848

47,595

83,443

6.	RELATED PARTY DISCLOSURES

Included in the financial statements is an amount due to Mr D Webb, a director, totalling £336,277.66 (2023 £392,277.66).

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D Webb.