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Company Registration No. 04741391 (England and Wales)
Trinity House Practice Limited Unaudited accounts for the year ended 30 April 2025
Trinity House Practice Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Trinity House Practice Limited Company Information for the year ended 30 April 2025
Directors
Mrs R Whiteside Mr R Whiteside
Secretary
Mrs R Whiteside
Company Number
04741391 (England and Wales)
Registered Office
Trinity House 150 - 152 Cumberland Street Macclesfield Cheshire SK10 1BP
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Trinity House Practice Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
24,470
11,971
Investment property
6
578,057
574,457
602,527
586,428
Current assets
Debtors
7
56,647
56,526
Cash at bank and in hand
144,034
126,442
200,681
182,968
Creditors: amounts falling due within one year
8
(143,765)
(154,109)
Net current assets
56,916
28,859
Total assets less current liabilities
659,443
615,287
Creditors: amounts falling due after more than one year
9
(287,788)
(323,574)
Provisions for liabilities
Deferred tax
(4,647)
(2,272)
Net assets
367,008
289,441
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
366,908
289,341
Shareholders' funds
367,008
289,441
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
Mrs R Whiteside Director Company Registration No. 04741391
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Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Trinity House Practice Limited is a private company, limited by shares, registered in England and Wales, registration number 04741391. The registered office is Trinity House, 150 - 152 Cumberland Street, Macclesfield, Cheshire, SK10 1BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on a reducing balance basis
Fixtures & fittings
25% per annum on a reducing balance basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024
260,000
At 30 April 2025
260,000
Amortisation
At 1 May 2024
260,000
At 30 April 2025
260,000
Net book value
At 30 April 2025
-
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
38,867
16,868
55,735
Additions
15,490
-
15,490
At 30 April 2025
54,357
16,868
71,225
Depreciation
At 1 May 2024
28,997
14,767
43,764
Charge for the year
2,467
524
2,991
At 30 April 2025
31,464
15,291
46,755
Net book value
At 30 April 2025
22,893
1,577
24,470
At 30 April 2024
9,870
2,101
11,971
6
Investment property
2025
£
Fair value at 1 May 2024
574,457
Additions
3,600
At 30 April 2025
578,057
The investment property is Trinity House, 150 - 152 Cumberland Street, Macclesfield, Cheshire SK10 1BP.
- 6 -
Trinity House Practice Limited Notes to the Accounts for the year ended 30 April 2025
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
44,475
55,446
Accrued income and prepayments
12,172
1,080
56,647
56,526
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
37,030
38,274
Taxes and social security
46,846
46,064
Other creditors
12,795
464
Loans from directors
26,607
45,725
Accruals
20,487
23,582
143,765
154,109
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
287,788
323,574
Aggregate of amounts that fall due for payment after five years
252,688
261,438
The mortgage with TSB Bank PLC is secured over the investment property.
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 8 (2024: 8).
- 7 -