REGISTERED NUMBER: 04408838 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRIPCO (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Pirt

Mrs J E Pirt

H A Pirt

W K Pirt

SECRETARY:

Mrs J E Pirt

REGISTERED OFFICE:

'Brigstock'

Chichester Road

Dorking

Surrey

RH4 1LR

REGISTERED NUMBER:

04408838 (England and Wales)

ACCOUNTANTS:

Sophic Finance Ltd

Chartered Accountants

Little Coombe

Longfield Road

Dorking

Surrey

RH4 3DE

FIXED ASSETS

Tangible assets

4

1,975,594

1,822,491

Investments

5

7,100

7,100

1,982,694

1,829,591

CURRENT ASSETS

Debtors

6

616,605

720,144

Cash at bank

78,646

41,686

695,251

761,830

CREDITORS

Amounts falling due within one year

7

336,146

58,626

NET CURRENT ASSETS

359,105

703,204

TOTAL ASSETS LESS CURRENT LIABILITIES

2,341,799

2,532,795

CREDITORS

Amounts falling due after more than one year

8

(625,334

)

(859,940

)

PROVISIONS FOR LIABILITIES

(83,277

)

(63,290

)

NET ASSETS

1,633,188

1,609,565

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Fair value reserve

809,409

809,409

Retained earnings

813,779

790,156

SHAREHOLDERS' FUNDS

1,633,188

1,609,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 June 2025 and were signed on its behalf by:

A K Pirt - Director

1.	STATUTORY INFORMATION

Tripco (Holdings) 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 represents income from rent receivable.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Investment property

In accordance with FRS 102 Investment properties are measured at fair value at each reporting date with changes in fair value recognised within the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

investment

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

1,792,200

57,413

1,849,613

Additions

170,000

-

170,000

At 31 March 2025

1,962,200

57,413

2,019,613

DEPRECIATION

At 1 April 2024

-

27,122

27,122

Charge for year

-

16,897

16,897

At 31 March 2025

-

44,019

44,019

NET BOOK VALUE

At 31 March 2025

1,962,200

13,394

1,975,594

At 31 March 2024

1,792,200

30,291

1,822,491

Cost or valuation at 31 March 2025 is represented by:

Freehold

Fixtures

investment

and

property

fittings

Totals

£

£

£

Valuation in 2025

1,962,200

57,413

2,019,613

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,416,999

1,416,999

The investment properties were valued on an open market basis on 31 March 2021 by Andrew Pirt (Director) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

7,100

NET BOOK VALUE

At 31 March 2025

7,100

At 31 March 2024

7,100

The company is exempt from the obligation to prepare group financial statements as the group is a small or medium sized group as defined by Section 398 of the Companies Act 2006.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

605,210

709,200

Other debtors

400

-

Accrued income

7,500

7,500

Prepayments

3,495

3,444

616,605

720,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,777

35,000

Amounts owed to group undertakings

260,911

-

Corporation tax

10,576

-

Directors' current accounts

17,119

20,862

Accrued expenses

2,763

2,764

336,146

58,626

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

625,334

859,940

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

625,334

859,940

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

670,111

894,940

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000