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Registered number: 08994466
Trinity Greyhounds Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08994466
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109,178 74,289
109,178 74,289
CURRENT ASSETS
Stock 5 38,520 34,270
Debtors 6 15,570 14,984
Cash at bank and in hand 1,984 5,505
56,074 54,759
Creditors: Amounts Falling Due Within One Year 7 (74,833 ) (73,676 )
NET CURRENT ASSETS (LIABILITIES) (18,759 ) (18,917 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,419 55,372
Creditors: Amounts Falling Due After More Than One Year 8 (46,622 ) (33,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,104 ) (10,174 )
NET ASSETS 35,693 11,898
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 35,692 11,897
SHAREHOLDERS' FUNDS 35,693 11,898
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Simmonds
Director
29 April 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trinity Greyhounds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08994466 . The registered office is The Kennels, Cambridge Road, Barton, Cambridge, Cambridgeshire, CB23 7AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to Property Not provided
Motor Vehicles 25% on reducing balance
Equipment 25% on reducing balance
Office Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 6)
5 6
4. Tangible Assets
Improvements to Property Motor Vehicles Equipment Office Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 20,740 89,910 33,682 624 144,956
Additions 13,334 48,960 529 - 62,823
Disposals - (29,995 ) - - (29,995 )
As at 31 March 2025 34,074 108,875 34,211 624 177,784
...CONTINUED
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Depreciation
As at 1 April 2024 - 51,119 19,261 287 70,667
Provided during the period - 6,266 3,727 131 10,124
Disposals - (12,185 ) - - (12,185 )
As at 31 March 2025 - 45,200 22,988 418 68,606
Net Book Value
As at 31 March 2025 34,074 63,675 11,223 206 109,178
As at 1 April 2024 20,740 38,791 14,421 337 74,289
5. Stock
2025 2024
£ £
Stock - greyhounds 38,520 34,270
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,708 6,578
Prepayments and accrued income 523 867
Other debtors 12,339 7,539
15,570 14,984
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,711 8,918
Trade creditors 2,109 1,693
Bank loans and overdrafts 19,371 14,999
Social security & other taxes - 2,076
Other creditors 4,131 -
Accrued expenses 1,439 1,147
Director's loan account 37,072 44,843
74,833 73,676
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,735 16,633
Bank loans 14,887 16,667
46,622 33,300
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,711 8,918
Later than one year and not later than five years 31,735 16,633
42,446 25,551
42,446 25,551
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £Nil (2024: £Nil) were due to the fund. They are included in Other Creditors.
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