| Trinity Mortgages Ltd |
| Registered number: |
10737280 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
840,631 |
|
|
719,371 |
| Cash at bank and in hand |
|
|
195,161 |
|
|
278,090 |
|
|
|
1,035,792 |
|
|
997,461 |
|
| Creditors: amounts falling due within one year |
5 |
|
(621,090) |
|
|
(650,107) |
|
| Net current assets |
|
|
|
414,702 |
|
|
347,354 |
|
| Total assets less current liabilities |
|
|
|
414,702 |
|
|
347,354 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(29,853) |
|
|
(55,700) |
|
|
|
| Net assets |
|
|
|
384,849 |
|
|
291,654 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
384,848 |
|
|
291,653 |
|
| Shareholder's funds |
|
|
|
384,849 |
|
|
291,654 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Mr. Rony Jacob |
| Director |
| Approved by the board on 25 April 2026 |
|
| Trinity Mortgages Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 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). |
|
|
Going concern |
|
The director has assessed the company’s ability to continue as a going concern and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. |
|
|
Revenue recognition |
|
Revenue represents commission income from mortgage and insurance brokerage services and is recognised when the service is completed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows Fully depreciated assets are retained in the financial statements until disposed of. |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Trade and other debtors are recognised at the transaction price, less any provision for impairment. Debtors are written down where there is objective evidence that amounts will not be collected in full. |
|
|
Creditors |
|
Creditors are recognised at the transaction price, which is typically the amount payable. Where financing arrangements are in place, financial liabilities are subsequently measured at amortised cost using the effective interest method. |
|
|
Taxation |
|
The tax charge for the year comprises current tax.Current tax is recognised at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the reporting date.Deferred tax is not recognised as the timing differences are not material. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the closing rate at the reporting date. Exchange differences are recognised in profit or loss. |
|
|
Leased assets |
|
Leases are classified as finance leases where substantially all the risks and rewards of ownership are transferred to the company. All other leases are classified as operating leases.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. |
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to profit or loss in the period in which they become payable. |
|
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
12 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2025 |
14,754 |
|
At 31 March 2026 |
14,754 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
14,754 |
|
At 31 March 2026 |
14,754 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
- |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
347,243 |
|
314,768 |
|
Other debtors |
493,388 |
|
404,603 |
|
|
|
|
|
|
840,631 |
|
719,371 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
41,740 |
|
49,739 |
|
Trade creditors |
514,870 |
|
534,340 |
|
Taxation and social security costs |
64,480 |
|
66,028 |
|
|
|
|
|
|
621,090 |
|
650,107 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
29,853 |
|
55,700 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Dividends |
|
Dividends of £80,000 (2025: £80,000) were paid during the year. |
|
| 8 |
Ultimate controlling party |
|
|
The company is controlled by its director and shareholder. |
|
|
| 9 |
General information |
|
|
Trinity Mortgages Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Spectrum House |
|
2b Suttons Lane |
|
Hornchurch |
|
Essex |
|
RM12 6RJ |