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Registered number: 15650188
DOUBLETRIPLE LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
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DOUBLETRIPLE LTD
COMPANY INFORMATION
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1st Floor Sackville House
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DOUBLETRIPLE LTD
CONTENTS
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Statement of Changes in Equity
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Notes to the Financial Statements
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DOUBLETRIPLE LTD
REGISTERED NUMBER: 15650188
BALANCE SHEET
AS AT 30 APRIL 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Allotted, called up and fully paid share capital
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Equity shareholder's deficit
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Page 1
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DOUBLETRIPLE LTD
REGISTERED NUMBER: 15650188
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime under section 444 of the Companies Act 2006.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2026
The notes on pages 4 to 7 form part of these financial statements.
Page 2
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DOUBLETRIPLE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 APRIL 2025
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On incorporation - 16 April 2024
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Shares issued during the period
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The notes on pages 4 to 7 form part of these financial statements.
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Page 3
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DOUBLETRIPLE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
DoubleTriple Limited (Company number: 15650188), "the Company", having its registered office at 1st Floor, Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.
These financial statements are the Company's first financial statements and cover the period from incorporation on 16 April 2024 to 30 April 2025. As this is the first accounting period, no comparative figures are presented.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.
At 30 April 2025, the Company had net current liabilities of £237,809. However, the director who is also the shareholder will continue to support the Company for the foreseeable future and therefore considers the Company to be a going concern.
Turnover represents rental income arising from the Company’s investment properties. Rental income is recognised in the Statement of Comprehensive Income on a straight-line basis over the period of the lease, unless another systematic basis is more representative of the pattern in which the benefits of the leased asset are consumed.
Rental income is recognised when:
• the amount of income can be measured reliably;
• it is probable that the economic benefits associated with the lease will flow to the Company; and
• the tenant has the right to use the property in accordance with the terms of the lease.
Lease incentives given to tenants are recognised as a reduction of rental income over the lease term on a straight-line basis, or on another systematic basis if more appropriate.
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Page 4
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DOUBLETRIPLE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
2.Accounting policies (continued)
All borrowing costs are recognised in the Statement of Comprehensive Income in the period in which they are incurred.
Investment property is measured at fair value, which is assessed annually using market-based evidence such as current rental levels and yields for comparable properties, adjusted as appropriate for the characteristics of the asset. Depreciation is not charged on investment property. Any movements in fair value are recognised in the Statement of Comprehensive Income.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Related Party Transactions – Loans from Shareholder/Director
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The Company has taken advantage of the small company exemption under FRS 102 and the Companies Act 2006.
Loans received from shareholder-directors are recognised at transaction price, representing the amount of cash received by the Company, rather than at fair value.
Such loans are disclosed in Note 10 as related party transactions.
Tax is recognised in the Statement of Comprehensive Income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the Balance Sheet date in the United Kingdom where the Company operates and generates income.
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The average monthly number of employees, including directors, during the period was 1.
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Page 5
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DOUBLETRIPLE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
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Freehold investment property
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Bank loans (secured - see note 8)
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Accruals and deferred income
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Page 6
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DOUBLETRIPLE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
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Creditors: Amounts falling due after more than one year
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Bank loans (secured - see below)
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The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
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The bank loan is secured by a fixed charge dated 4 September 2024 over the Company's investment property to which it relates. The loan bears interest at 5.39% and is repayable by monthly instalments over 23 years.
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Allotted, called up and fully paid
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10 A Ordinary shares of £1.00 each
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90 B Ordinary shares of £1.00 each
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9,900 C Deferred shares of £1.00 each
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During the period, the Company allotted and issued 10 A Ordinary shares (£10 aggregate nominal value), 90 B Ordinary shares (£90 aggregate nominal value) and 9,900 C Deferred shares (£9,900 aggregate nominal value). All shares were issued at par for cash on incorporation. Class A and B shares have attached to them full voting, dividend and capital distribution rights. They do not confer any rights of redemption. Class C shares shall have full voting, dividend and capital distribution rights after the period of 20 years from the date of incorporation; they do not confer any rights of redemption.
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Related party transactions
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At the period end, the Company owed funds to the director, who is also a shareholder of the Company. The balance represents net amounts introduced and withdrawn by the director during the period. At 30 April 2025, the balance outstanding was £245,007. The balance is unsecured, interest free, and repayable on demand.
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Page 7
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