REGISTERED NUMBER: 04629839 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Trimast Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G F Hand

SECRETARY:

REGISTERED OFFICE:

Unit 6

Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

CO9 3LZ

REGISTERED NUMBER:

04629839 (England and Wales)

ACCOUNTANTS:

Simpson Accountancy

Unit 6, CherryTree Farm,

Blackmore End Road

Sible Hedingham

CO9 3LG

FIXED ASSETS

Tangible assets

4

3,522,943

3,523,164

Investments

5

2,220,134

2,220,134

5,743,077

5,743,298

CURRENT ASSETS

Stocks

50,000

50,000

Debtors

6

661,619

906,907

Cash at bank and in hand

16,098

52,754

727,717

1,009,661

CREDITORS

Amounts falling due within one year

7

3,354,218

3,222,981

NET CURRENT LIABILITIES

(2,626,501

)

(2,213,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,116,576

3,529,978

CREDITORS

Amounts falling due after more than one year

8

(1,452,942

)

(1,461,680

)

PROVISIONS FOR LIABILITIES

(2,159

)

(2,159

)

NET ASSETS

1,661,475

2,066,139

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

1,660,475

2,065,139

SHAREHOLDERS' FUNDS

1,661,475

2,066,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 October 2025 and were signed by:

G F Hand - Director

1.	STATUTORY INFORMATION

Trimast Associates 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.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

3,515,568

185,428

3,700,996

Additions

-

16,100

16,100

At 31 January 2025

3,515,568

201,528

3,717,096

DEPRECIATION

At 1 February 2024

-

177,832

177,832

Charge for year

-

16,321

16,321

At 31 January 2025

-

194,153

194,153

NET BOOK VALUE

At 31 January 2025

3,515,568

7,375

3,522,943

At 31 January 2024

3,515,568

7,596

3,523,164

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Investment options

60,000

60,000

Investment in Finland

1,874,718

1,874,718

Other Investments

285,416

285,416

2,220,134

2,220,134

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

657,754

692,312

Other debtors

3,865

214,595

661,619

906,907

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,871

9,871

Trade creditors

(1

)

2

Amounts owed to associates

1,733,795

1,710,356

Taxation and social security

9,215

11,410

Other creditors

1,601,338

1,491,342

3,354,218

3,222,981

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,452,942

1,461,680

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

60,000

60,000

Repayable by instalments

Bank loans more 5 yr by instal

1,387,500

1,387,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

1

1,000

1,000

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £275,209 (2024: £259,825 owed from) to Holme Property & Maintenance Development Limited, a company of which George Hand is also a director.

During the year the company paid expenses totalling £3,176 (2023: £2,570) on behalf of Hands on Property Ltd, a company of which George Hand is also a director. At the balance sheet date the company owed £956,469 (2024: £939,762) to Hands on Property Ltd.

During the year the company loaned monies and paid expenses totalling £639,736 (2023: £64,297) to Home Property & Development Ltd, a company of which George Hand is also a director. At the balance sheet date the company was owed £2,423 (2024: £42,157) by Home Property & Development Ltd.

During the year the company loaned monies and paid expenses totalling £2,277 (2024: £4,797) to JBA Development Ltd, a company of which George Hand is also a director. At the balance sheet date the company was owed £40,911 (2024: £38,634 by JBA Development Ltd.

At the balance sheet date the company was owed £92,885 (2024: £92,885) from R&L Mulligan Ltd, a company of which George Hand is also a director.

At the balance sheet date the company owed £502,117 (2024: £510,768) to Trimast Holdings Ltd, a company of which George Hand is also a director.

At the balance sheet date the company was owed £149,019 (2024: £149,019 to Braintree Projects Ltd, a company of which George Hand is also a director.

At the balance sheet date the company was owed £83,229 (2024: £80,329) by The Barking Project Ltd, a company of which George Hand is also a director.

All companies are under common control.