Registered number
02565481
TRIPLEHIGH LIMITED
Filleted Accounts
31 March 2025

TRIPLEHIGH LIMITED
Registered number: | 02565481
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 7,014,890 |  |  | 16,104,490
Investments | 4 |  |  | - |  |  | 100
|  |  |  | 7,014,890 |  |  | 16,104,590
Current assets
Debtors | 5 |  | 2,294,636 |  |  | 1,399,438
Cash at bank and in hand |  |  | 1,591,839 |  |  | 2,229,879
|  |  | 3,886,475 |  |  | 3,629,317
Creditors: amounts falling due within one year | 6 |  | (594,619) |  |  | (2,223,997)
Net current assets |  |  |  | 3,291,856 |  |  | 1,405,320
Total assets less current liabilities |  |  |  | 10,306,746 |  |  | 17,509,910
Provisions for liabilities |  |  |  | (957,651) |  |  | (2,708,850)
Net assets |  |  |  | 9,349,095 |  |  | 14,801,060
Capital and reserves
Called up share capital |  |  |  | 101 |  |  | 100
Share premium |  |  |  | 980,000 |  |  | -
Revaluation reserve | 7 |  |  | 2,872,951 |  |  | 8,126,551
Profit and loss account |  |  |  | 5,496,043 |  |  | 6,674,409
Shareholders' funds |  |  |  | 9,349,095 |  |  | 14,801,060
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Flannery
Director
Approved by the board on 5 March 2026

TRIPLEHIGH LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of properties.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Land and buildings | Not depreciated
| Investments and Investment property
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in profit and loss.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 April 2024 | 16,104,490
| Additions | 1,018,400
| Disposals | (10,108,000)
| At 31 March 2025 | 7,014,890
| Depreciation
| At 31 March 2025 | -
| Net book value
| At 31 March 2025 | 7,014,890
| At 31 March 2024 | 16,104,490
| Freehold land and buildings: | 2025 |  | 2024
£ | £
| Historical cost | 3,184,286 |  | 5,269,087
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 3,184,286 |  | 5,269,087
| Land and building above relate to investment properties which were valued on the basic of their fair value by internally qualified personal within the company. At the end of the balance sheet date, the value of the investment properties were £7,014,890.
4 | Investments
Investments in
subsidiary
undertakings
£
| Cost
| At 1 April 2024 | 100
| Disposals | (100)
| At 31 March 2025 | -
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 235,605 |  | 196,055
| Amounts owed by related companies |  | Note 8 |  | 2,036,404 |  | 1,193,383
| Other debtors | 22,627 |  | 10,000
|  |  |  |  |  | 2,294,636 |  | 1,399,438
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 18,960 |  | -
| Amount owed to related company |  |  | Note 8 |  | 464,538 |  | 2,065,047
| Taxation and social security costs | 68,579 |  | 118,788
| Amount owed to directors | 3,404 |  | 2,724
| Other creditors | 39,138 |  | 37,438
|  |  |  |  |  | 594,619 |  | 2,223,997
7 | Revaluation reserve | 2025 |  | 2024
£ | £
| At 1 April 2024 | 8,126,551 |  | 8,776,675
| Revaluation reserve adjustment on land and building transfer | (7,004,799) |  | -
| Deferred taxation arising on the revaluation of land and buildings | 1,751,199 |  | (650,124)
| At 31 March 2025 | 2,872,951 |  | 8,126,551
8 | Related party transactions | 2025 |  | 2024
£ | £
| Amounts owed by related companies
| Flannery Plant Hire Limited
| Mr Paul Flannery, son of Mr Patrick Flannery (Snr), is a director of this Company. And also he has a controlling interest in Flannery Plant Hire Limited. Mr Patrick Flannery (Snr) also holds a directorship of Triplehigh Limited. There were no transactions during the year. As of the balance sheet date, Triplehigh Limited had an outstanding loan receivable of £4,696 from Flannery Plant Hire Limited.
| Amount due from the related party | 4,696 |  | 4,696
| Marjul Limited
| Ms Maria Flannery and Ms Julia Flannery who are the daughters of Mr Patrick Flannery (Snr) and they own the share capital of Marjul Limited. Mr Patrick Flannery (Snr) is also a director of this company. As of the balance sheet date, Triplehigh Limited had an outstanding loan receivable of £1,981,423 from Marjul Limited.
| Amount due from the related party | 1,981,423 |  | 1,188,687
| Doublehigh Limited
| Triplehigh Limited is a subsidiary of Doublehigh Limited. As of the balance sheet date, Triplehigh Limited had an outstanding loan receivable of £50,285 from its parent company, Double High Limited.
| Amount due from the related party | 50,285 |  | -
|  |  |  |  |  | 2,036,404 |  | 1,193,383
| Amounts owed to related companies
| P.Flannery Plant Hire (Oval) Limited
| Mr Martin Flannery, Mr Patrick Flannery (Jnr), and Mr Paul Flannery who are the sons of Mr Patrick Flannery (Snr) and they own the controlling interest share of P. Flannery Plant Hire (Oval) Ltd. Mr Patrick Flannery (Snr) is a director of this company.
| Amount due to the related party | - |  | 1,719,298
| D&F Properties Limited
| Mrs M Flannery is a director of D&F Properties Ltd. Mrs M Flannery together with Mr Patrick Flannery (Snr) who is also a director of Triplehigh Limited have a controlling interest in D&F Properties Limited. As of the balance sheet date, Triplehigh Limited had an outstanding loan of £7,313 payable to D&F Properties Limited.
| Amount due to the related party | 7,313 |  | 7,313
| Amery Construction Limited
| Mr Martin Flannery, son of Mr Patrick Flannery (Snr), is a director of this Company. And also he has a controlling interest in Amery Construction Limited. Mr Patrick Flannery (Snr) also holds a directorship of Triplehigh Limited. There were no transactions during the year. As of the balance sheet date, Triplehigh Limited had an outstanding loan of £338,436 payable to Amery Construction Limited.
| Amount due to the related party | 338,436 |  | 338,436
| MP Properties (Meek) Limited
| Mr Martin Flannery, son of Mr Patrick Flannery (Snr), is a director of this Company. Mr Patrick Flannery (Snr) also holds a directorship at Triplehigh Limited. As of the balance sheet date, Triplehigh Limited had an outstanding loan of £118,789 payable to MP Properties (Meek) Limited.
| Amount due to the related party | 118,789 |  | -
|  |  |  |  |  | 464,538 |  | 2,065,047
9 | Controlling party
| Doublehigh Limited has a 100% controlling interest in the issued ordinary share capital.
10 | Other information
| TRIPLEHIGH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 27A Maxwell Road
| Northwood
| Middlesex
| HA6 2XY

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