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Registration number: 11797790

Tri-Vector Capital Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Tri-Vector Capital Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Tri-Vector Capital Limited

Company Information

Directors | Mr David Anthony Stockings Mr John Stockings Mr Tom Stockings

Registered office | Potters Farm Ewelme Wallingford Oxon OX10 6PX

Accountants | ReesRussell LLP Chartered Accountants37 Market Square Witney Oxfordshire OX28 6RE

Tri-Vector Capital Limited

(Registration number: 11797790)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 42,822 | 57,096
Investments | 5 | 51 | 51
|  | 42,873 | 57,147
Current assets |  |  |
Stocks | 6 | 936,204 | 260,200
Debtors | 7 | 4,597,150 | 4,174,751
Cash at bank and in hand |  | 27,526 | 48,688
|  | 5,560,880 | 4,483,639
Creditors: Amounts falling due within one year | 8 | (5,429,931) | (4,322,486)
Net current assets |  | 130,949 | 161,153
Total assets less current liabilities |  | 173,822 | 218,300
Creditors: Amounts falling due after more than one year | 8 | (3,334) | (13,333)
Net assets |  | 170,488 | 204,967
Capital and reserves |  |  |
Called up share capital |  | 3 | 3
Retained earnings |  | 170,485 | 204,964
Shareholders' funds |  | 170,488 | 204,967

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

Directors' 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 directors acknowledge their 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.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:

......................................... Mr John Stockings Director

Tri-Vector Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Potters Farm
Ewelme
Wallingford
Oxon
OX10 6PX

These financial statements were authorised for issue by the Board on 20 November 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.

Going concern

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
Plant and Machinery | 25% reducing balance
Motor Vehicles | 25% reducing balance

Tri-Vector Capital Limited

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

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Tri-Vector Capital Limited

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

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.

3 | Staff numbers

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

Tri-Vector Capital Limited

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

4 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 February 2024 | 2,000 | 81,392 | 83,392
At 31 January 2025 | 2,000 | 81,392 | 83,392
Depreciation
At 1 February 2024 | 500 | 25,796 | 26,296
Charge for the year | 375 | 13,899 | 14,274
At 31 January 2025 | 875 | 39,695 | 40,570
Carrying amount
At 31 January 2025 | 1,125 | 41,697 | 42,822
At 31 January 2024 | 1,500 | 55,596 | 57,096

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 51 | 51

Subsidiaries | £
Cost or valuation
At 1 February 2024 | 51
Provision
Carrying amount
At 31 January 2025 | 51
At 31 January 2024 | 51

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Tri-Vector Capital Limited

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

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Eden Valley Property Limited | England and Wales | Ordinary | 51% | 51%

Subsidiary undertakings
Eden Valley Property Limited The principal activity of Eden Valley Property Limited is buying and selling of own real estate.

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 936,204 | 260,200

7 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | 4,594,741 | 4,126,210
Other debtors |  | 2,409 | 48,541
|  | 4,597,150 | 4,174,751

Tri-Vector Capital Limited

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

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 4,679,904 | 4,055,198
Accruals and deferred income |  | 113,832 | 4,083
Other creditors |  | 636,195 | 263,205
|  | 5,429,931 | 4,322,486

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 3,334 | 13,333

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,334 | 13,333

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 10,000 | 10,000
Other borrowings | 4,669,904 | 4,045,198
| 4,679,904 | 4,055,198

Other borrowings

Other Borrowing is denominated in £ with a nominal interest rate of 0 to 12%, and the final instalment is due on 28 February 2025. The carrying amount at year end is £4,669,904 (2024 - £4,045,198). The borrowing is from a related party of the directors for a principal sum of £2,700,000 (2024 - £2,550,000) drawn down against a £4,000,000 facility. The carrying amount includes accrued interest of £1,969,904 (2024 - £1,495,198). Interest accrues daily and is due for repayment on the same date that the principal repayment is due. The borrowing is unsecured.

10 | Related party transactions

Loans to related parties

Tri-Vector Capital Limited

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

2025 | Subsidiary £ | Other related parties £ | Total £
At start of period | 1,330,749 | 2,795,462 | 4,126,211
Interest transactions | 133,075 | 335,455 | 468,530
At end of period | 1,463,824 | 3,130,917 | 4,594,741
Provision for doubtful debts | (400,000) | (800,000) | (1,200,000)

2024 | Subsidiary £ | Other related parties £ | Total £
At start of period | 1,209,772 | 2,495,948 | 3,705,720
Interest transactions | 120,977 | 299,514 | 420,491
At end of period | 1,330,749 | 2,795,462 | 4,126,211
Provision for doubtful debts | (400,000) | (800,000) | (1,200,000)

Terms of loans to related parties

£861,358 has been advanced by way of secured loan with interest charged at 10.0% daily and as at the period end, £602,466 (2024 - £469,391) had been accrued. The accrued interest is due for repayment on the same date that the principal repayment is due. The loan is secured by way of fixed and floating charge over the assets of the entity and is due for repayment 31 January 2025.