REGISTERED NUMBER: 12621533 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Triang Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Owen

Mrs R Owen

REGISTERED OFFICE:

Hafren House

Llandrinio

Llanymynech

Powys

SY22 6SG

REGISTERED NUMBER:

12621533 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

1,110,398

713,557

Investment property

5

10,797,216

8,020,256

11,907,614

8,733,813

CURRENT ASSETS

Stocks

423,336

172,541

Debtors

6

119,117

109,287

Cash at bank

206,112

168,686

748,565

450,514

CREDITORS

Amounts falling due within one year

7

628,853

738,622

NET CURRENT ASSETS/(LIABILITIES)

119,712

(288,108

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,027,326

8,445,705

CREDITORS

Amounts falling due after more than one year

8

13,134,461

9,000,000

NET LIABILITIES

(1,107,135

)

(554,295

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,107,137

)

(554,297

)

SHAREHOLDERS' FUNDS

(1,107,135

)

(554,295

)

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 7 November 2025 and were signed on its behalf by:

J Owen - Director

1.	STATUTORY INFORMATION

Triang Developments 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

-

33% on cost, 20% on cost and 10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on the going concern basis due to the continued support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

832,127

Additions

642,962

Disposals

(200,676

)

At 31 March 2025

1,274,413

DEPRECIATION

At 1 April 2024

118,570

Charge for year

119,492

Eliminated on disposal

(74,047

)

At 31 March 2025

164,015

NET BOOK VALUE

At 31 March 2025

1,110,398

At 31 March 2024

713,557

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

8,020,256

Additions

2,776,960

At 31 March 2025

10,797,216

NET BOOK VALUE

At 31 March 2025

10,797,216

At 31 March 2024

8,020,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,473

76,495

Other debtors

93,644

32,792

119,117

109,287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

31,593

-

Taxation and social security

9,470

79

Other creditors

587,790

738,543

628,853

738,622

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

134,461

-

Other creditors

13,000,000

9,000,000

13,134,461

9,000,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J Owen and Mrs R Owen

Balance outstanding at start of year

(9,520,238

)

(8,178,259

)

Amounts advanced

(3,797,734

)

(1,341,979

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,317,972

)

(9,520,238

)

10.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company was owed £10,000 (2024: £Nil) by Triang Leisure LLP, an entity under common control.

The amount is interest free and repayable on demand.

At 31 March 2025 the company owed £50,000 (2024: £Nil) to Owen Motorsport Limited, a company owned by J Owen.

The amount is interest free.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.