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Registered number: 04052240
Triangle Properties (Bristol) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Triangle Properties (Bristol) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Unaudited Financial Statements

Contents
| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Triangle Properties (Bristol) Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04052240

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 7,332,201 |  | 9,079,001
Investments | 4 |  | 200,000 |  | 200,000
|  |  | 7,532,201 |  | 9,279,001
CURRENT ASSETS
Debtors | 5 | 55,443 |  | 58,389 |
Cash at bank and in hand |  | 179,349 |  | 112,400 |
|  | 234,792 |  | 170,789 |
Creditors: Amounts Falling Due Within One Year | 6 | (675,647 ) |  | (778,105 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (440,855 ) |  | (607,316 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 7,091,346 |  | 8,671,685
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (3,544,228 ) |  | (3,008,688 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (466,189 ) |  | (938,926 )
NET ASSETS |  |  | 3,080,929 |  | 4,724,071
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 3,080,829 |  | 4,723,971
SHAREHOLDERS' FUNDS |  |  | 3,080,929 |  | 4,724,071

Page 1
Page 2
Triangle Properties (Bristol) Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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

T N Chastney Director
04/06/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Triangle Properties (Bristol) Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.4. 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:

Fixtures & Fittings | 20% on reducing balance

1.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors.
Short term debtors are measured at transaction price less any impairment.
Short term creditors are measured at transaction price.
Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.
1.7. 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.
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Page 4
Triangle Properties (Bristol) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2024: NIL)
- -
3. Tangible Assets

| Investment Properties | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 September 2024 | 9,070,000 | 87,699 | 9,157,699
Additions | 145,946 | - | 145,946
Revaluation | (1,890,946 ) | - | (1,890,946 )
As at 31 August 2025 | 7,325,000 | 87,699 | 7,412,699
Depreciation
As at 1 September 2024 | - | 78,698 | 78,698
Provided during the period | - | 1,800 | 1,800
As at 31 August 2025 | - | 80,498 | 80,498
Net Book Value
As at 31 August 2025 | 7,325,000 | 7,201 | 7,332,201
As at 1 September 2024 | 9,070,000 | 9,001 | 9,079,001

4. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 September 2024 | 200,000
As at 31 August 2025 | 200,000
Provision
As at 1 September 2024 | -
As at 31 August 2025 | -
Net Book Value
As at 31 August 2025 | 200,000
As at 1 September 2024 | 200,000

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 25,222 |  | 39,981
Other debtors | 30,221 |  | 18,408
| 55,443 |  | 58,389

Page 4
Page 5
Triangle Properties (Bristol) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,964 |  | 8,539
Bank loans and overdrafts | - |  | 434,415
Amounts owed to group undertakings | 334,800 |  | 84,801
Other creditors | 282,246 |  | 239,147
Taxation and social security | 54,637 |  | 11,203
| 675,647 |  | 778,105

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 3,544,228 |  | 3,008,688
| 3,544,228 |  | 3,008,688

8. Secured Creditors
Of the creditors the following amounts are secured.
The bank loan is secured by fixed and floating charges over the assets of the company and by a composite guarantee given by Triangle Properties Lettings Limited, Avonco (Bristol) Limited and Hotwells Developments Limited which are companies controlled by the shareholders of Triangle Properties (Bristol) Limited. The composite guarantee is supporting by debentures in favour of the bank.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 3,554,227 |  | 3,443,102

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

10. Contingent Liabilities
The company is party to a composite guarantee in favour of Svenska Handelsbanken AB (publ) in respect of the bank loan of its subsidiary company, Avonco (Bristol) Limited. The bank holds security in the form of an unlimited debenture over the company's assets.
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| Land and buildings
--- | ---
| 2025 | 2024
| £ | £
After 5 years | 116,808 | 116,808
| 116,808 | 116,808

12. Reserves
Retained earnings include both realised and unrealised profits.
Page 5
Page 6
Triangle Properties (Bristol) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
13. Related Party Transactions
At the balance sheet date the company owed £43,505 (2024 - £43,505) to its directors. This amount was repayable on demand and no interest was charged.
14. General Information
Triangle Properties (Bristol) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04052240 . The registered office is 30 Whiteladies Road, Clifton, Bristol, BS8 2LG.
Page 6