Registration number: 14638084

Trust Tegg Limited

Contents

Company Information	1
Director's Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

Trust Tegg Limited

Company Information

Director

Mr Phillip Tegg

Registered office

Jubilee Hall The Square Fawley Southampton Hampshire SO45 1DD

Accountants

Crunchwise Accountants Ltd Director Generals House 15 Rockstone Place Southampton SO15 2EP

Trust Tegg Limited

Director's Report for the Year Ended 31 March 2025

The director presents his report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Phillip Tegg

Kirsty Tegg (ceased 31 March 2025)

Principal activity

The principal activity of the company is Activities of head offices

Going concern

The company has continued to incur costs without generating any direct sales during the financial period, resulting in a position of negative equity. However, the financial statements have been prepared on a going concern basis for the following reasons:

The company operates as the head office of the group, managing certain administrative and operational expenses on behalf of its subsidiaries. Where appropriate, these expenditures have been recharged to the subsidiaries. The company’s main creditor is its parent company, which has provided financial support to cover the company’s operational expenses. The parent company has confirmed that it will continue to provide funding as required and will not demand repayment of any outstanding balances for the foreseeable future.

With this ongoing financial support, the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the company is considered a going concern.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 December 2025
 

......................................... Mr Phillip Tegg Director

Trust Tegg Limited

(Registration number: 14638084)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	667	703
Current assets
Cash at bank and in hand		335	412
Creditors: Amounts falling due within one year	5	(110,870)	(70,616)
Net current liabilities		(110,535)	(70,204)
Net liabilities		(109,868)	(69,501)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(109,968)	(69,601)
Shareholders' deficit		(109,868)	(69,501)

Trust Tegg Limited

(Registration number: 14638084)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 30 December 2025
 

......................................... Mr Phillip Tegg Director

Trust Tegg Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Jubilee Hall The Square
Fawley
Southampton
Hampshire
SO45 1DD

These financial statements were authorised for issue by the director on 30 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trust Tegg Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Trust Tegg Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2024	824	824
Additions	161	161
At 31 March 2025	985	985
Depreciation
At 1 April 2024	121	121
Charge for the year	197	197
At 31 March 2025	318	318
Carrying amount
At 31 March 2025	667	667
At 31 March 2024	703	703

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		1,952	1,483
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	106,925	64,047
Taxation and social security		326	2,715
Other creditors		1,667	2,371
		110,870	70,616

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	100	100	100	100

7	Related party transactions

Trust Tegg Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	19,334	26,006
Contributions paid to money purchase schemes	565	754
	19,899	26,760

Summary of transactions with parent

The company has an interest-free loan from its parent company, Trust Tegg Group Limited, which is repayable on demand. During the period, the balance on the loan increased from £47,500 to £54,100. This transaction is classified as a related party transaction under accounting standards, as it involves a company that has control or significant influence over the subsidiary. The loan reflects the parent company’s commitment to providing ongoing financial support to assist the subsidiary in meeting its operational needs.

Summary of transactions with subsidiaries

Tegg Motor Company Limited The company has entered into transactions with a fellow subsidiary within the group, which operates as part of the group’s operational structure. Funds are received from the fellow subsidiary in respect of shared operational expenses, which are subsequently recharged through the intercompany account. Where amounts received exceed costs recharged, the resulting balance is treated as a loan. The intercompany balance is interest-free and repayable on demand. At 31 March 2025, the amount owed by the company to the fellow subsidiary was £30,441 (2024: £5,132).

New Forest Car Sales Limited The company has entered into transactions with a fellow subsidiary within the group, New Forest Car Sales Limited. Funds are provided to New Forest Car Sales Limited to cover shared administrative and operational expenses on behalf of the group, which are subsequently recharged through the intercompany account. Where amounts transferred exceed costs recharged, the resulting balance is treated as a loan. The intercompany balance is interest-free, unsecured, and repayable on demand. At 31 March 2025, the amount owed to the company by New Forest Car Sales Limited was £22,384 (2024: £11,415).

Loans from related parties

2025	Parent £	Subsidiary £	Total £
At start of period	47,500	16,547	64,047
Advanced	6,600	84,400	91,000
Repaid	-	(48,122)	(48,122)
At end of period	54,100	52,825	106,925

Trust Tegg Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2024	Parent £	Subsidiary £	Total £
Advanced	47,500	16,547	64,047
At end of period	47,500	16,547	64,047

8	Parent and ultimate parent undertaking

The company's immediate parent is Trust Tegg Group Limited, incorporated in England and Wales.