Company registration number 09125265 (England and Wales)
TRINITY ROSE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TRINITY ROSE LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
TRINITY ROSE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
135,819
Tangible assets
4
4,283
7,711
Investments
5
15,510
214,946
19,793
358,476
Current assets
Debtors
7
665,973
668,929
Cash at bank and in hand
259,166
174,804
925,139
843,733
Creditors: amounts falling due within one year
8
(363,692)
(338,401)
Net current assets
561,447
505,332
Total assets less current liabilities
581,240
863,808
Creditors: amounts falling due after more than one year
9
(12,481)
(62,485)
Provisions for liabilities
(349)
(1,463)
Net assets
568,410
799,860
Capital and reserves
Called up share capital
4
4
Other reserves
-
0
39,155
Profit and loss reserves
568,406
760,701
Total equity
568,410
799,860

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 February 2026 and are signed on its behalf by:
Mr R S Mott
Director
Company registration number 09125265 (England and Wales)
TRINITY ROSE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Share option reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
4
-
694,574
694,578
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
66,127
66,127
Other movements
-
39,155
-
39,155
Balance at 31 March 2024
4
39,155
760,701
799,860
Year ended 31 March 2025:
Loss and total comprehensive income
-
-
(231,450)
(231,450)
Transfers
-
-
39,155
39,155
Other movements
-
(39,155)
-
(39,155)
Balance at 31 March 2025
4
-
568,406
568,410
TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Trinity Rose Limited is a private company limited by shares incorporated in England and Wales. The registered office is Trinity House, 123 Winchester Road, Chandlers Ford, Eastleigh, Hampshire, United Kingdom, SO53 2DR.

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 as applicable to companies subject to the small companies regime. 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 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 £.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future, and this is unchanged due to the Covid-19 pandemic.

1.3
Reporting period

The company’s accounting reference date is 3 0 March. In accordance with the Companies Act 2006, the company’s financial year may be made up to a date up to seven days either side of its accounting reference date. These financial statements have therefore been prepared for the year ended 31 March 2025, being within seven days of the accounting reference date.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses 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 10 years.

1.6
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:

Fixtures, fittings & equipment
25% straight line

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 credited or charged to profit or loss.

TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

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

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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 method 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.

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies 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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
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 company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
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.

1.11
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.

1.12
Retirement benefits

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

1.13
Share-based payments

The parent company participates in a share-based payment arrangement granted to certain employees of its subsidiaries. The company has not elected to recognise and measure its share-based payment expense on the basis of a reasonable allocation of the expense as the shares are considered to have an immaterial fair value at the reporting date.

1.14
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

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 s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
20
17
TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
228,727
Amortisation and impairment
At 1 April 2024
92,908
Amortisation charged for the year
20,373
Impairment losses
115,446
At 31 March 2025
228,727
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
135,819

Goodwill additions relate to the residual value of the investment in Osmond Brookes Limited where the underlying trade and assets have been transferred from that entity into the company. The resulting goodwill is being amortised over 10 years.

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
31,733
Additions
1,885
At 31 March 2025
33,618
Depreciation and impairment
At 1 April 2024
24,022
Depreciation charged in the year
5,313
At 31 March 2025
29,335
Carrying amount
At 31 March 2025
4,283
At 31 March 2024
7,711
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
15,510
214,946
TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 & 31 March 2025
214,946
Impairment
At 1 April 2024
-
Impairment losses
199,436
At 31 March 2025
199,436
Carrying amount
At 31 March 2025
15,510
At 31 March 2024
214,946
6
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Cliffe-Roberts Limited
UK
Ordinary
100.00
Osmond Brooks Ltd
UK
Ordinary
100.00
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
126,942
127,315
Other debtors
539,031
541,614
665,973
668,929
TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
50,004
50,004
Trade creditors
48,067
33,845
Amounts owed to group undertakings
-
0
95,729
Taxation and social security
141,704
109,018
Other creditors
123,917
49,805
363,692
338,401

National Westminster Bank PLC holds a fixed and floating charge over all assets and undertakings of the Company in respect of the outstanding bank loan.

9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
12,481
62,485

National Westminster Bank PLC holds a fixed and floating charge over all assets and undertakings of the Company in respect of the outstanding bank loan.

TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
10
Share-based payment transactions

Certain employees were granted options over O ordinary shares in CEAL Holdings Limited, which was the ultimate parent entity of the Company until 25 April 2024. Under the scheme rules, these options could be exercised if the parent entity was listed or sold at a price exceeding a specified benchmark. On 25 April 2024, 100% of the Company’s share capital was transferred from CEAL Holdings Limited to individual shareholders and all outstanding share options became exercisable. Accordingly, these options, relating to shares in CEAL Holdings Limited, were exercised on 5 July 2024

Details of the number of shares options and the weighted average exercise price of share options during the year are as follows:

Number of share options
Weighted average exercise price
2025
2024
2025
2024
Number
Number
£
£
Outstanding at 1 April 2024
78
78
0.01
0.01
Exercised
(78)
0
-
0
0.01
-
0
Outstanding at 31 March 2025
-
0
78
-
0
-
Exercisable at 31 March 2025
-
0
-
0
-
0
-
0
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss 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.

Senior Statutory Auditor:
Mr Richard Hutchinson
Statutory Auditor:
Azets Audit Services
Date of audit report:
2 March 2026
TRINITY ROSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
12
Related party transactions

Trinity Rose Architecture Limited

At the balance sheet date, an amount of £47,925 was owed to Trinity Rose Architecture Limited, a company under common control. The amount is included in creditors and is interest free and repayable on demand. Included in trade debtors is amount owed from Trinity Rose Architecture Limited of £48,537. Overall, Trinity Rose Architecture owed Trinity Rose Limited £612.

Cliffe-Roberts Limited

At year end the company owed £13,595 (2024: £13,595) to Cliffe-Roberts Limited, the subsidiary of Trintiy Rose Limited. The amount is included in creditors and is interest free and repayable on demand.

13
Parent company

Until 26 April 2024, the c ompany was a wholly owned subsidiary of CEAL Holdings Limited whose registered office is Drewit House, 865 Ringwood Road, Bournemouth, Dorset, United Kingdom, BH11 8LW.

On 26 April 2024 100% of the share capital in the company was transferred from CEAL Holdings Limited to personal shareholders.

CEAL Holdings Limited has now been dissolved following a voluntary liquidation.

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