REGISTERED NUMBER: 01848111 (England and Wales)

TRINITY ARTS ENTERPRISES LIMITED

Financial Statements

For The Year Ended 31 March 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Adams

D Fitzsimmonds

REGISTERED OFFICE:

Trinity Theatre and Arts Centre

Church Road

Tunbridge Wells

Kent

TN1 1JP

REGISTERED NUMBER:

01848111 (England and Wales)

AUDITORS:

Hilden Park Accountants Limited

Chartered Accountants

& Statutory Auditors

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

8,175

8,833

CURRENT ASSETS

Stocks

3,032

3,902

Debtors

4,620

3,492

Cash at bank

20,587

14,435

28,239

21,829

CREDITORS

Amounts falling due within one year

107,559

107,998

NET CURRENT LIABILITIES

(79,320

)

(86,169

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,145

)

(77,336

)

RESERVES

Income and expenditure account

(71,145

)

(77,336

)

(71,145

)

(77,336

)

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 December 2025 and were signed on its behalf by:

D Fitzsimmonds - Director

K Adams - Director

1.	STATUTORY INFORMATION

Trinity Arts Enterprises Limited is a private company, limited by guarantee , 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.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

Turnover

Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, for the sale of food, beverages and other cafe goods. Turnover is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Tangible fixed assets

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

Long leasehold

-

20% on cost and Straight line over 25 years

Plant and machinery

-

20% on cost

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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

30,720

DEPRECIATION

At 1 April 2024

21,887

Charge for year

658

At 31 March 2025

22,545

NET BOOK VALUE

At 31 March 2025

8,175

At 31 March 2024

8,833

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

During the prior year the trading subsidiary changed their POS till system provider due to their previous provider

terminating their contract. As a result, there was approximately 6 weeks where there was no POS till system in place and during this period the daily sales were totalled manually with no supporting documentation available. As such we were unable to satisfy ourselves by alternative means completeness of income during this period in the prior year.

As a new POS till system was in place by the prior year end, we were able to confirm the correct cut off of income and no issues were noted with this, however our qualification is regarding completeness of income during the prior year due to a lack of sufficient appropriate evidence.

Our opinion on the current period’s financial statement is also modified because of the possible effect of the matter above on the comparability of the current period’s figures and the corresponding figures.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Paul Chewter FCA (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited

6.	RELATED PARTY DISCLOSURES

At 31 March 2025 the company owed £90,788 (2024: £95,832) to Trinity Theatre and Arts Centre Limited.

During the year there was a cross charge of £2,500 (2024: £8,000) from Trinity Theatre and Arts Centre Limited.

In addition, the company recharged £2,027 (2024: £8,073) to Trinity Theatre and Arts Centre Limited for cafe supplies and cleaning costs.

7.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary undertaking of Trinity Theatre and Arts Centre Limited, a charity whose registered office is Trinity Theatre and Arts Centre, Church Road, Tunbridge Wells, Kent TN1 1JP. Copies of the consolidated group accounts of the parent charity, which include the results of the company, can be obtained on request from the parent charity's registered office.

8.	GOING CONCERN

The directors have assessed whether the use of the going concern assumption is appropriate in preparing these accounts.

The directors have made this assessment in respect to a period of one year from the date of approval of these accounts.

Having reviewed commercial plans and the cashflow presented, the directors have concluded that there are no material uncertainties related to events or conditions that may cast doubt on the ability of the company to continue as a going concern.

The financial statements have therefore been prepared on the going concern basis.