Trust Inheritance Group Limited

(Registration number: 11736893)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Current assets
Debtors	5	17,969	20,652
Cash at bank and in hand		1,760	2,321
		19,729	22,973
Creditors: Amounts falling due within one year	6	(6,000)	(11,524)
Total assets less current liabilities		13,729	11,449
Creditors: Amounts falling due after more than one year	6	(18,743)	(23,300)
Net liabilities		(5,014)	(11,851)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(5,114)	(11,951)
Shareholders' deficit		(5,014)	(11,851)

For the financial 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.

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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Trust Inheritance Group Limited

(Registration number: 11736893)
Balance Sheet as at 30 April 2025

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.

Approved and authorised by the director on 13 January 2026
 

......................................... J M Dickson Director

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Crown House
1 Stafford Place
Weston-super-Mare
North Somerset
BS23 2QZ
United Kingdom

These financial statements were authorised for issue by the director on 13 January 2026.

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.

The presentation currency of the financial statements is Pound Sterling (£).

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

2	Accounting policies (continued)

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2024	962	962
Disposals	(962)	(962)
At 30 April 2025	-	-
Depreciation
At 1 May 2024	962	962
Eliminated on disposal	(962)	(962)
At 30 April 2025	-	-
Carrying amount
At 30 April 2025	-	-

5

Debtors

	Note	2025 £	2024 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		17,352	20,552
Prepayments		170	-
Other debtors		447	100
		17,969	20,652

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	4,046	3,434
Trade creditors		204	-
Taxation and social security		-	5,681
Accruals and deferred income		1,750	1,750
Other creditors		-	659
		6,000	11,524

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	18,743	23,300

7	Share capital

Allotted, called up and fully paid shares

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

Trust Inheritance Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8	Parent and ultimate parent undertaking

Trust Inheritance Limited is owned by an Employee Ownership Trust with the sole trustee being TI EOT Limited, a company registered in England and Wales.

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

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	18,743	23,300

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,046	3,434