Company registration number 06673195 (England and Wales)
TRIGON GROUP LIMITED
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Trigon Group Limited
TRIGON GROUP LIMITED
Company information
Directors
J E Eden
M J Eden
Secretary
M J Eden
Company number
06673195
Registered office
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
Auditor
DJH Audit Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
TRIGON GROUP LIMITED
Contents
Page
Strategic report
1 - 2
Directors' report
3 - 4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Profit and loss account
9
Group statement of comprehensive income
10
Group balance sheet
11 - 12
Company balance sheet
13
Group statement of changes in equity
14
Company statement of changes in equity
15
Group statement of cash flows
16
Notes to the financial statements
17 - 35
TRIGON GROUP LIMITED
Strategic report
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The directors present the strategic report for the year ended 30 June 2025.

Review of the business

We aim to present a balanced and comprehensive review of the development and performance of the group during the year and its position at the year end. Our review is consistent with the size and non-complex nature of the group and is written in the context of the risks and uncertainties faced.

The parent company intends to remain dormant. The group structure came in to place on the 14 April 2009, when the subsidiaries were acquired.

Pre-tax profits have risen by 5% during the year driven principally by continuing growth in the Retail division. Margins came under pressure from increases in Direct Labour costs but the Retail division still improved its net contributions by 10% year on year.

In the wholesale division, tyre volumes fell by 5% during the year but margins were maintained.

The group added one Retail site by business acquisition during the year and another as a location start up. Since the year end the group has added another Retail site by business acquisition and has acquired four 'closed sites' from a competitor to refurbish and reopen. This will take the number of Retail depots to 29 when all sites are trading by the end of the 25/26 Financial Year.

The group continues to invest in online services and has established a substantial customer data base which facilitates direct marketing of reminders, new services, promotions, etc.

A business review for each subsidiary can be found within the subsidiaries own financial statements where relevant.

The group's key financial and other performance indicators during the year were as follows:

Unit
2025
2024
2023
Turnover
£
51,747,437
50,289,098
43,896,417
Gross profit margin
%
22
22
20
Profit after taxation
£
4,597,870
4,395,884
3,746,060
Shareholders' funds
£
20,488,583
18,004,672
15,420,732
Retail sites
No.
24
22
20
TRIGON GROUP LIMITED
Strategic report (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Section 172 statement

The Directors have considered the requirements of S172(1) (a-f) of the Companies Act 2006 and are committed to acting and promoting positively the interests of its Employers and Customers and Suppliers together with considering the impact of our operations on our communities and the environment.

The following summarise how the Directors' have fulfilled their duties:

Likely consequences of long term decisions

The Board meet regularly and are responsible for the strategy and long-term vision of the group. The Board understand the business and the ever-changing environment in which we operate.

The interest of company employees

The Board recognise that the group's employees are fundamental and core to our business and delivery of strategic ambitions.

The Board recognise the importance of good communications and endeavour to keep all employees informed of the activities and progress of the group and its plans for the future.

Business relationships

Delivering our strategy requires strong mutually beneficial relationships with key suppliers and customers. The Board continuously reviews and approves the group’s approach to these key relationships.

Impact on the community and the environment

The Board are committed to achieving environmental best practice through the business activities of the group wherever this is practicable.

Reputation for high standards of business conduct

The group aims to maintain the highest possible standards of business conduct to ensure it can continue to maintain its reputation of providing the very best service possible, ensuring our customers come back year after year.

The Board periodically review all areas of how the company operates to ensure high standards are maintained within the company and other business relationships.

Acting fairly between members of the group

After weighing up all relevant factors, the Board consider which course of action best enables delivery of our strategy through the long-term, whilst taking into consideration the impact on our stakeholders. In doing so, the Board consider that we act fairly between members of the group, whilst noting that sometimes not all stakeholder interests will be fully aligned.

On behalf of the board

M J Eden
Director
27 January 2026
TRIGON GROUP LIMITED
Directors' report
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 June 2025.

Principal activities

The principal activity of the company is that of a dormant holding company. The Group's princip al activity is that of retail tyre and servicing centres and tyre wholesalers.

Results and dividends

The results for the year are set out on page 9.

Ordinary dividends were paid amounting to £1,764,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J E Eden
M J Eden
Financial instruments

Objectives and policies

The group is exposed to the following risks from its use of financial instruments:

- Credit Risk

- Liquidity Risk

- Currency Risk

The directors have overall responsibility for the establishment and oversight of the group’s risk management framework.

The group does not have a formal risk management policy program. The exposure to the above risks are monitored by the Board of Directors as part of its daily management of the group activities.

Price risk, credit risk, liquidity risk and cash flow risk

Credit risk:

Credit risk arises when a failure by counter parties to discharge their obligations could reduce the amount of future cash inflows from financial assets on hand at the reporting date. The group has no significant concentration of credit risk. The group has an insurance policy in place which ensures any failure by a party to discharge their obligations does not result in a significant reduction of cash inflows. In addition to this policy the group ensures that sales of products and services are made to customers with an appropriate credit history and monitors on a continuous basis the ageing profile of its receivables.

Liquidity risk:

Liquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position potentially enhances profitability, but can also increase the risk of losses. The group has procedures with the object of minimising such losses such as maintaining sufficient cash and other assets.

Currency risk:

Currency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates. Currency risk arises when future commercial transactions and recognised assets and liabilities are denominated in a currency that is not the group's functional currency. The group is exposed to foreign exchange risk arising from various currency exposures primarily with respect to the Euro and US Dollars. The group's management monitors the exchange rate fluctuations on a continuous basis and acts accordingly.

TRIGON GROUP LIMITED
Directors' report (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
Disabled persons

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Employee involvement

The group's policy is to consult and discuss with employees at meetings, matters likely to affect employees' interests.

Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

Energy and carbon report

As Trigon Group Limited is a large group, it is required to report on its emissions, energy consumption and energy efficiency by way of Streamlined Energy and Carbon Reporting in this Directors Report.

The group has consumed more the 40,000 kWh of energy in this reporting period, and it therefore does not qualify as a low energy user under these regulations.

However, no energy reporting information has been disclosed in these financial statements as the group has taken exemptions available in The Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, Part 7A, Paragraph 20E which allows a group to exclude information for subsidiary companies that would not be required to report in their own right. All subsidiaries of Trigon Group Limited are small or medium sized companies and so are not required to include energy reporting information in their own financial statements. On this basis, no information is required to be included in the group report.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
M J Eden
Director
27 January 2026
Trigon Group Limited
TRIGON GROUP LIMITED
Directors' responsibilities statement
For the year ended 30 June 2025
- 5 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRIGON GROUP LIMITED
Independent auditor's report
TO THE MEMBERS OF TRIGON GROUP LIMITED
- 6 -
Opinion

We have audited the financial statements of Trigon Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 June 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

TRIGON GROUP LIMITED
Independent auditor's report (continued)
TO THE MEMBERS OF TRIGON GROUP LIMITED
- 7 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was not limited to, the following:

TRIGON GROUP LIMITED
Independent auditor's report (continued)
TO THE MEMBERS OF TRIGON GROUP LIMITED
- 8 -

• obtaining an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework;

• obtaining an understanding of the entity's policies and procedures and how the entity has complied with these, through discussions and walkthrough testing;

• obtaining an understanding of the entity's risk assessment process, including the risk of fraud;

• enquiring of management as to actual and potential fraud, litigation and claims;

• designing our audit procedures to respond to our risk assessment;

• performing audit testing over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and evaluating the business rationale of significant transactions outside the normal course of business;

• assessing whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and

• performing analytical procedures to identify any large, unusual or unexpected relationships.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Newborough (Senior Statutory Auditor)
For and on behalf of DJH Audit Limited, Statutory Auditor
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG
27 January 2026
TRIGON GROUP LIMITED
Group profit and loss account
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
2025
2024
Notes
£
£
Turnover
3
51,747,437
50,289,098
Cost of sales
(40,423,624)
(39,353,440)
Gross profit
11,323,813
10,935,658
Administrative expenses
(5,413,062)
(5,114,896)
Other operating income
6,970
5,770
Operating profit
4
5,917,721
5,826,532
Interest receivable and similar income
8
296,000
110,090
Interest payable and similar expenses
9
(53,809)
(23,798)
Other gains and losses
10
73,250
-
Profit before taxation
6,233,162
5,912,824
Tax on profit
11
(1,635,292)
(1,516,940)
Profit for the financial year
24
4,597,870
4,395,884
Profit for the financial year is attributable to:
- Owners of the parent company
4,395,588
4,207,809
- Non-controlling interests
202,282
188,075
4,597,870
4,395,884
TRIGON GROUP LIMITED
Group statement of comprehensive income
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
2025
2024
£
£
Profit for the year
4,597,870
4,395,884
Other comprehensive income
Tax relating to other comprehensive income
(163,474)
(176,959)
Total comprehensive income for the year
4,434,396
4,218,925
Total comprehensive income for the year is attributable to:
- Owners of the parent company
4,232,114
4,030,850
- Non-controlling interests
202,282
188,075
4,434,396
4,218,925
TRIGON GROUP LIMITED
Group balance sheet
AS AT
30 JUNE 2025
30 June 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
12
259,722
351,389
Negative goodwill
12
(237,536)
(244,566)
Total intangible assets
22,186
106,823
Tangible assets
13
14,426,443
12,468,717
14,448,629
12,575,540
Current assets
Stocks
16
3,822,000
3,681,250
Debtors
17
3,243,213
3,892,706
Cash at bank and in hand
8,900,121
7,310,238
15,965,334
14,884,194
Creditors: amounts falling due within one year
18
(8,890,716)
(8,555,163)
Net current assets
7,074,618
6,329,031
Total assets less current liabilities
21,523,247
18,904,571
Creditors: amounts falling due after more than one year
19
(115,891)
(214,220)
Provisions for liabilities
Deferred tax liability
21
918,773
685,679
(918,773)
(685,679)
Net assets
20,488,583
18,004,672
Capital and reserves
Called up share capital
23
201
201
Revaluation reserve
1,855,218
1,359,207
Profit and loss reserves
24
20,093,008
18,120,905
Equity attributable to owners of the parent company
21,948,427
19,480,313
Non-controlling interests
(1,459,844)
(1,475,641)
Total equity
20,488,583
18,004,672
TRIGON GROUP LIMITED
Group balance sheet (continued)
AS AT
30 JUNE 2025
30 June 2025
- 12 -
The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
27 January 2026
M J Eden
Director
Company registration number 06673195 (England and Wales)
TRIGON GROUP LIMITED
Company balance sheet
AS AT 30 JUNE 2025
30 June 2025
- 13 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
14
1,000,001
1,000,001
Current assets
Debtors
17
434,000
1,134,000
Net current assets
434,000
1,134,000
Net assets
1,434,001
2,134,001
Capital and reserves
Called up share capital
23
201
201
Profit and loss reserves
24
1,433,800
2,133,800
Total equity
1,434,001
2,134,001

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,064,000 (2024 - £1,444,000 profit).

The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
27 January 2026
M J Eden
Director
Company registration number 06673195 (England and Wales)
Trigon Group Limited
TRIGON GROUP LIMITED
Group statement of changes in equity
For the year ended 30 June 2025
- 14 -
Share capital
Revaluation reserve
Profit and loss reserves
Total controlling interest
Non-controlling interest
Total
Notes
£
£
£
£
£
£
Balance at 1 July 2023
201
1,536,166
15,357,096
16,893,463
(1,472,731)
15,420,732
Year ended 30 June 2024:
Profit for the year
-
-
4,207,809
4,207,809
188,075
4,395,884
Other comprehensive income:
Tax relating to other comprehensive income
-
(176,959)
-
0
(176,959)
-
(176,959)
Total comprehensive income
-
(176,959)
4,207,809
4,030,850
188,075
4,218,925
Dividends
-
-
(1,444,000)
(1,444,000)
(190,985)
(1,634,985)
Balance at 30 June 2024
201
1,359,207
18,120,905
19,480,313
(1,475,641)
18,004,672
Year ended 30 June 2025:
Profit for the year
-
-
4,395,588
4,395,588
202,282
4,597,870
Other comprehensive income:
Tax relating to other comprehensive income
-
(163,474)
-
0
(163,474)
-
(163,474)
Total comprehensive income
-
(163,474)
4,395,588
4,232,114
202,282
4,434,396
Dividends
-
-
(1,764,000)
(1,764,000)
(186,485)
(1,950,485)
Transfers
-
659,485
(659,485)
-
-
-
Balance at 30 June 2025
201
1,855,218
20,093,008
21,948,427
(1,459,844)
20,488,583
Trigon Group Limited
TRIGON GROUP LIMITED
Company statement of changes in equity
For the year ended 30 June 2025
- 15 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2023
201
2,133,800
2,134,001
Year ended 30 June 2024:
Profit and total comprehensive income for the year
-
1,444,000
1,444,000
Dividends
-
(1,444,000)
(1,444,000)
Balance at 30 June 2024
201
2,133,800
2,134,001
Year ended 30 June 2025:
Profit and total comprehensive income
-
1,064,000
1,064,000
Dividends
-
(1,764,000)
(1,764,000)
Balance at 30 June 2025
201
1,433,800
1,434,001
TRIGON GROUP LIMITED
Group statement of cash flows
FOR THE YEAR ENDED 30 JUNE 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
7,115,867
5,931,739
Income taxes paid
(1,621,123)
(1,421,350)
Net cash inflow from operating activities
5,494,744
4,510,389
Investing activities
Purchase of intangible assets
(100,000)
-
Purchase of tangible fixed assets
(2,573,924)
(859,915)
Proceeds from disposal of tangible fixed assets
17,084
44,823
Proceeds from disposal of subsidiaries, net of cash disposed
506,520
249,480
Interest received
296,000
110,090
Net cash used in investing activities
(1,854,320)
(455,522)
Financing activities
Repayment of bank loans
-
(368,762)
Payment of finance leases obligations
(46,248)
(40,729)
Interest paid
(53,809)
(23,798)
Dividends paid to equity shareholders
(1,764,000)
(1,444,000)
Dividends paid to non-controlling interests
(186,485)
(190,985)
Net cash used in financing activities
(2,050,542)
(2,068,274)
Net increase in cash and cash equivalents
1,589,882
1,986,593
Cash and cash equivalents at beginning of year
7,310,238
5,323,645
Cash and cash equivalents at end of year
8,900,121
7,310,238
TRIGON GROUP LIMITED
Notes to the group financial statements
FOR THE YEAR ENDED 30 JUNE 2025
- 17 -
1
Accounting policies
Company information

Trigon Group Limited (“the company”) is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.

The group consists of Trigon Group Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Trigon Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 June 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 18 -
1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tyre fitting sales are recognised once the tyres are fitted on the customer’s vehicle and service sales once the service is complete. Sale of wholesale tyres and other goods are recognised once the goods are despatched from the warehouse.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 3 years (previously 5 years).

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered. Negative goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 50 years.

1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% and 10% straight line basis - land is not depreciated
Fixtures, fittings and equipment
10%, 20% and 25% straight line and 20% reducing balance
Motor vehicles
25% straight line basis
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 19 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.8
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.10
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.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 20 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 21 -
Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 22 -
1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.16
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Impairment of stock

Management routinely review stock holdings in order to assess the recoverability of the cost of stocks and the associated impairment. Management calculates impairments by considering the nature and condition of the stock and applies assumptions around anticipated saleability of the goods.

Impairment of assets:

Upon acquisition, management make an estimation as to the useful economic life of each asset and set a depreciation rate accordingly. On a periodic basis, management makes an estimation of the remaining useful economic lives of assets. Management make such estimations taking into account their knowledge of the assets.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 23 -
3
Turnover
2025
2024
£
£
Turnover analysed by class of business
Wholesale
31,377,184
31,508,750
Retail
20,370,253
18,780,348
51,747,437
50,289,098
2025
2024
£
£
Turnover analysed by geographical market
UK
51,747,437
50,289,098
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange gains
(18,125)
(4,394)
Depreciation of owned tangible fixed assets
688,010
610,311
Profit on disposal of tangible fixed assets
(15,646)
(15,803)
Amortisation of intangible assets
184,637
182,414
Operating lease charges
496,484
462,013
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
6,500
6,450
Audit of the financial statements of the company's subsidiaries
33,900
27,200
40,400
33,650
For other services
Taxation compliance services
3,795
3,530
All other non-audit services
25,192
42,372
28,987
45,902
For services in respect of associated pension schemes
All other non-audit services
3,380
3,320
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 24 -
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Administration and support
13
14
-
-
Sales, marketing and distribution
18
20
-
-
Production
225
210
-
-
Total
256
244
0
0

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
7,998,268
6,922,758
-
0
-
0
Social security costs
815,315
627,233
-
-
Pension costs
303,609
290,924
-
0
-
0
9,117,192
7,840,915
-
0
-
0
7
Directors' remuneration
2025
2024
£
£
Remuneration
29,426
25,056
Company pension contributions to defined contribution schemes
20,000
20,000
49,426
45,056

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
296,000
107,997
Other interest income
-
2,093
Total income
296,000
110,090
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 25 -
9
Interest payable and similar expenses
2025
2024
£
£
Other finance costs:
Interest on finance leases and hire purchase contracts
16,586
23,798
Other interest
37,223
-
Total finance costs
53,809
23,798
10
Other gains and losses
2025
2024
£
£
Changes in the fair value of investment properties
73,250
-
11
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
1,564,390
1,469,038
Adjustments in respect of prior periods
1,282
5,643
Total current tax
1,565,672
1,474,681
Deferred tax
Origination and reversal of timing differences
69,620
42,259
Total tax charge
1,635,292
1,516,940
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
11
Taxation
(Continued)
- 26 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
6,233,162
5,912,824
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
1,558,291
1,478,206
Tax effect of expenses that are not deductible in determining taxable profit
61,296
21,658
Adjustments in respect of prior years
1,281
5,643
Deferred tax
69,620
42,257
Fair value adjustment
(18,313)
-
0
Effect of capital allowances and depreciation
(36,883)
(30,824)
Taxation charge
1,635,292
1,516,940

In addition to the amount charged to the profit and loss account, the following amounts relating to tax have been recognised directly in other comprehensive income:

2025
2024
£
£
Deferred tax arising on:
Revaluation of property
163,474
176,959
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 27 -
12
Intangible fixed assets
Group
Goodwill
Negative goodwill
Total
£
£
£
Cost
At 1 July 2024
768,993
(351,481)
417,512
Additions
100,000
-
0
100,000
At 30 June 2025
868,993
(351,481)
517,512
Amortisation and impairment
At 1 July 2024
417,604
(106,915)
310,689
Amortisation charged for the year
191,667
(7,030)
184,637
At 30 June 2025
609,271
(113,945)
495,326
Carrying amount
At 30 June 2025
259,722
(237,536)
22,186
At 30 June 2024
351,389
(244,566)
106,823
The company had no intangible fixed assets at 30 June 2025 or 30 June 2024.
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 28 -
13
Tangible fixed assets
Group
Freehold land and buildings
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 July 2024
11,427,323
2,740,220
1,658,380
15,825,923
Additions
1,885,987
415,684
272,253
2,573,924
Disposals
-
0
-
0
(178,923)
(178,923)
Revaluation
73,250
-
0
-
0
73,250
Transfers
-
0
39,194
6,637
45,831
At 30 June 2025
13,386,560
3,195,098
1,758,347
18,340,005
Depreciation and impairment
At 1 July 2024
462,443
2,024,317
870,446
3,357,206
Depreciation charged in the year
80,347
257,756
349,907
688,010
Eliminated in respect of disposals
-
0
-
0
(177,486)
(177,486)
Transfers
-
0
39,194
6,638
45,832
At 30 June 2025
542,790
2,321,267
1,049,505
3,913,562
Carrying amount
At 30 June 2025
12,843,770
873,831
708,842
14,426,443
At 30 June 2024
10,964,880
715,903
787,934
12,468,717
The company had no tangible fixed assets at 30 June 2025 or 30 June 2024.

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2024
2025
2024
£
£
£
£
Motor vehicles
133,803
282,517
-
0
-
0

Freehold land and buildings ha ve a carrying amount at historic cost of £11,280,025 (202 4 - £9,393,038). The depreciation charge based on this historical cost would be £239,062 (202 4 - £203,594).

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 29 -
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
1,000,001
1,000,001
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 July 2024 and 30 June 2025
1,000,001
Carrying amount
At 30 June 2025
1,000,001
At 30 June 2024
1,000,001
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 30 -
15
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
Trigon Holdings Limited
5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG
Ordinary
97.00
-
Eden Tyre Sales Limited
5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG
Ordinary
0
97.00

The principal activity of Trigon Holdings is a holding company, owning property that is let to subsidiary and connected companies. The company also operates to provide management services to its subsidiary.

The principal activity of Eden Tyre Sales Limited is that of Retail Tyre & Servicing centres, which supply vehicle services, brakes, MOT’s, tyres, vehicle repairs and associated products and services; and also tyre wholesale supplying a variety of customers around the Midlands and beyond from a dedicated tyre warehouse.

16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
3,822,000
3,681,250
-
0
-
0

The amount of impairment loss included in profit or loss is (£6,364) (2024 - (£21,273)).

17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
2,558,799
2,758,078
-
0
-
0
Amounts owed by group undertakings
-
-
381,147
574,627
Other debtors
85,004
107,812
52,853
98,213
Prepayments and accrued income
599,410
565,656
-
0
-
0
3,243,213
3,431,546
434,000
672,840
Amounts falling due after more than one year:
Other debtors
-
0
461,160
-
0
461,160
Total debtors
3,243,213
3,892,706
434,000
1,134,000
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 31 -
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
20
98,545
46,464
-
0
-
0
Trade creditors
5,660,673
6,238,862
-
0
-
0
Corporation tax payable
526,743
582,194
-
0
-
0
Other taxation and social security
1,250,395
1,106,741
-
-
Other creditors
953,192
284,703
-
-
0
Accruals and deferred income
401,168
296,199
-
0
-
0
8,890,716
8,555,163
-
0
-
0
19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Obligations under finance leases
20
115,891
214,220
-
0
-
0
20
Finance lease and hire purchase obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases and hire purchase agreements:
Within one year
106,662
62,834
-
0
-
0
In two to five years
117,864
224,310
-
0
-
0
224,526
287,144
-
-
Less: future finance charges
(10,090)
(26,460)
-
0
-
0
214,436
260,684
-
0
-
0

All of the obligations under hire purchase and finance leases are secured on the related asset.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 32 -
21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
405,500
329,979
-
-
Pension
-
-
9,033
3,132
Property
522,306
358,832
-
-
927,806
688,811
9,033
3,132
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 July 2024
685,679
-
Charge to profit or loss
233,094
-
Liability at 30 June 2025
918,773
-

The amount of the net reversal of deferred tax assets and liabilities expected to occur during the year beginning after the reporting period is £149,312 (2024 - £134,327).

There are unused tax losses of £216,236 (2024 - £216,236) for which no deferred tax asset is recognised in the balance sheet.

22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
303,609
290,924

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

Contributions totalling £36,142 (2024 - £36,619) were payable to the scheme at the end of the year and are included in creditors.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 33 -
23
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
1
1
1
1
Ordinary B shares of £1 each
100
100
100
100
Ordinary C shares of £1 each
100
100
100
100
201
201
201
201

Ordinary A, B and C shares have the following rights, preferences and restrictions:

All shares rank equally, each share entitles each holder to 1 vote, entitles the holder to dividend payments or any due distribution the directors declare, each share entitles the holder pari passu to any return of capital on a pro rata basis, and shares are not to be redeemed or liabile to be redeemed, whether at the option of the company or shareholders.

24
Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

Revaluation reserve

The revaluation reserve represents the cumulate effect of revaluations and associated deferred t ax in respect of tangible fixed assets where a policy of revaluation has been adopted.

25
Operating lease commitments

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
1,048,359
336,720
-
-
Between two and five years
2,749,282
504,806
-
-
In over five years
2,889,806
112,619
-
-
6,687,447
954,145
-
-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £496,484 (2024 - £462,013).

26
Events after the reporting date

Since the balance sheet date dividends have been voted amounting to £648,000.

TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 34 -
27
Related party transactions
Transactions with related parties

A pension scheme in which the directors are members and trustees

During the year the group rented property from this related party. The charge for the period is £292,500 (202 4 - £292,500). At the balance sheet date the amount due (to)/from this related party was £24,124 (202 4 - (£9,048)).

Summary of transactions with other related parties

At the balance sheet date the group has an amount payable of £1,164 (202 4 - payable of £892) from a close family member.

During the year dividends of £16,485 (202 4 - £16,485) were voted and paid to an other related party.

Transactions with directors

During the year dividends of £1,934,000 (202 4 - £1,618,500) were voted and paid to the directors and their spouses. The directors and their spouses have loan accounts running with subsidiary compan ies within the group which have interest payable, this is paid at an interest rate of 10%. During the year, interest was charged on director's loans of £34,419 (2024 - £nil) At the balance sheet date the amount due to the directors and their spouses was £882,131 (202 4 - £226,464).

28
Parent and ultimate parent undertaking

The directors do not consider that there is an ultimate controlling party due to the split of shareholdings.

29
Cash generated from group operations
2025
2024
£
£
Profit after taxation
4,597,870
4,395,884
Adjustments for:
Taxation charged
1,635,292
1,516,940
Finance costs
53,809
23,798
Investment income
(296,000)
(110,090)
Gain on disposal of tangible fixed assets
(15,646)
(15,803)
Fair value gain on investment properties
(73,250)
-
0
Amortisation and impairment of intangible assets
184,637
182,414
Depreciation and impairment of tangible fixed assets
688,010
610,311
Movements in working capital:
Increase in stocks
(140,750)
(193,833)
Decrease/(increase) in debtors
142,973
(46,288)
Increase/(decrease) in creditors
338,923
(431,594)
Cash generated from operations
7,115,868
5,931,739
TRIGON GROUP LIMITED
Notes to the group financial statements (continued)
FOR THE YEAR ENDED 30 JUNE 2025
- 35 -
30
Analysis of changes in net funds - group
1 July 2024
Cash flows
30 June 2025
£
£
£
Cash at bank and in hand
7,310,238
1,589,883
8,900,121
Obligations under finance leases
(260,684)
46,248
(214,436)
7,049,554
1,636,131
8,685,685
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