REGISTERED NUMBER: OC381087 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Trinity Sky LLP

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

Fixed assets

Investments

4

391,538

443,022

Current assets

Cash at bank

7,900

99,876

Creditors

Amounts falling due within one year

5

(9,848

)

(80,461

)

Net current (liabilities)/assets

(1,948

)

19,415

Total assets less current liabilities

and

Net assets attributable to members

389,590

462,437

Loans and other debts due to members

-

-

Members' other interests

Capital accounts

4,203,093

4,211,276

Other reserves

(3,813,503

)

(3,748,839

)

389,590

462,437

Total members' interests

Members' other interests

389,590

462,437

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2024.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2025 and were signed by:

Dr H Khajeh-Hosseiny - Designated member

1.	Statutory information

Trinity Sky LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC381087

Registered office:

12 Alexander Place

London

SW7 2SF

The presentation currency of the financial statements is the US Dollar ($).

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 requirements of the Statement of Recommended

Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared on a going concern basis under the historical cost convention as modified by the revaluation of certain assets.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.

Financial instruments

The LLP only enters into basic financial instrument transactions that result i the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loans to related parties and investments in ordinary shares.

Investments in non-derivative instruments that are equity to the issuer are measured:

- at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;

- at cost less impairment for all other investments.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Foreign currencies

Transactions in foreign currencies are translated into the functional currency at the rate of exchange ruling at the date of transaction.

At each period end foreign currency monetary items are translated using the closing rate of exchange. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the rate of exchange when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Valuation of investments

Investments in unlisted shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3.	Employee information

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

4.	Fixed asset investments

Other

investments

$

Cost or valuation

At 1 January 2024

443,022

Revaluations

(51,484

)

At 31 December 2024

391,538

Net book value

At 31 December 2024

391,538

At 31 December 2023

443,022

5.

Creditors: amounts falling due within one year

2024

2023

$

$

Other creditors

9,848

80,461