TRS Group (UK) Limited - Limited company accounts 25.1

REGISTERED NUMBER: 07685411 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TRS GROUP (UK) LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTORS:

F T Suterwalla

H T Suterwalla

I T Suterwalla

M T Suterwalla

S T Suterwalla

REGISTERED OFFICE:

29 Welbeck Street

London

W1G 8DA

REGISTERED NUMBER:

07685411 (England and Wales)

ACCOUNTANTS:

Ward Divecha Limited

Chartered Accountants &

Statutory Auditors

29 Welbeck Street

London

W1G 8DA

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of holding company.

REVIEW OF BUSINESS

During the year company received interest income on the call deposit account.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

F T Suterwalla

H T Suterwalla

I T Suterwalla

M T Suterwalla

S T Suterwalla

FINANCIAL INSTRUMENTS

The Company's financial instruments comprises bank balances and its debtors.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

H T Suterwalla - Director

2 July 2026

TURNOVER

-

Administrative expenses

20,841

3,604

OPERATING LOSS

(20,841

)

(3,604

)

Interest receivable and similar income

166,077

192,021

PROFIT BEFORE TAXATION

145,236

188,417

Tax on profit

36,309

46,181

PROFIT FOR THE FINANCIAL YEAR

108,927

142,236

FIXED ASSETS

Investments

4

500,000

CURRENT ASSETS

Debtors

5

16,390,925

26,390,925

Cash at bank

3,948,584

3,849,924

20,339,509

30,240,849

CREDITORS

Amounts falling due within one year

6

10,060,709

49,780

NET CURRENT ASSETS

10,278,800

30,191,069

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,778,800

30,691,069

CAPITAL AND RESERVES

Called up share capital

776,000

Retained earnings

7

10,002,800

29,915,069

SHAREHOLDERS' FUNDS

10,778,800

30,691,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

H T Suterwalla - Director

1.	STATUTORY INFORMATION

TRS Group (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about TRS Group (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalent

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks with original maturities of six months or more and repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Trade and other debtors

Trade debtors are amounts due from customers for goods and services provided in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2025

and 31 December 2025

500,000

NET BOOK VALUE

At 31 December 2025

500,000

At 31 December 2024

500,000

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

T.R. Suterwalla & Sons Limited

Registered office: United Kingdom

Nature of business: Property investments and property development

%

Class of shares:

holding

Ordinary shares

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

-

10,000,000

Amounts owed by associates

16,390,925

26,390,925

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

10,020,800

-

Tax

36,309

46,181

Accrued expenses

3,600

3,599

10,060,709

49,780

7.

RESERVES

Retained

earnings

£

At 1 January 2025

29,915,069

Profit for the year

108,927

Dividends

(20,021,196

)

At 31 December 2025

10,002,800

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Following are the balances recorded with the related companies during the current and previous year:

2025

2024

£

TRS Asset Management (Holdings) Limited

16,390,925