| Triform Properties Limited |
| Registered number: |
07683922 |
| Balance Sheet |
| at 30 June 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
909,892 |
| Investments |
4 |
|
|
1 |
|
|
- |
|
|
|
|
1 |
|
|
909,892 |
|
| Current assets |
| Debtors |
5 |
|
219,866 |
|
|
3,198 |
| Cash at bank and in hand |
|
|
43,224 |
|
|
13,874 |
|
|
|
263,090 |
|
|
17,072 |
|
| Creditors: amounts falling due within one year |
6 |
|
(295,801) |
|
|
(337,086) |
|
| Net current liabilities |
|
|
|
(32,711) |
|
|
(320,014) |
|
| Total assets less current liabilities |
|
|
|
(32,710) |
|
|
589,878 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(806,667) |
|
|
|
| Net liabilities |
|
|
|
(32,710) |
|
|
(216,789) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(32,712) |
|
|
(216,791) |
|
| Shareholders' funds |
|
|
|
(32,710) |
|
|
(216,789) |
|
|
|
|
|
|
|
|
| For the year ended 30 June 2026 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 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. |
|
|
|
|
| Justin Michael Smart |
| Director |
| Approved by the board on 28 July 2026 |
|
| Triform Properties Limited |
| Notes to the Financial Statements |
| for the year ended 30 June 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis, except for the modification to a fair value basis for certain land and buildings as specified in the accounting policies below, and are presented in Sterling (£). |
|
|
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 rental of property by reference to the period covered by the rent. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight line method. |
|
|
Plant and machinery |
25% per year |
|
|
Investment in subsidiary undertakings |
|
Investments in subsidiary undertakings are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
|
|
Creditors |
|
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
|
Taxation |
|
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed. |
|
|
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 |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2025 |
909,892 |
|
7,368 |
|
917,260 |
|
Disposals |
(909,892) |
|
- |
|
(909,892) |
|
At 30 June 2026 |
- |
|
7,368 |
|
7,368 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2025 |
- |
|
7,368 |
|
7,368 |
|
At 30 June 2026 |
- |
|
7,368 |
|
7,368 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2026 |
- |
|
- |
|
- |
|
At 30 June 2025 |
909,892 |
|
- |
|
909,892 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
Additions |
1 |
|
|
At 30 June 2026 |
1 |
|
The shares in group undertakings comprise a 100% investment in Triform Estates Limited, a company incorporated in England and Wales, which trades in rental of residential properties. |
|
The net assets at the last balance sheet date, 30 June 2026, were: |
£0 |
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Owed by connected companies |
|
|
|
|
219,866 |
|
2,692 |
|
Prepayments and accrued income |
- |
|
506 |
|
|
|
|
|
|
219,866 |
|
3,198 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade creditors |
30,462 |
|
30,462 |
|
Owed to connected company |
|
174,378 |
|
188,858 |
|
Taxation and social security costs |
3,552 |
|
3,672 |
|
Owed to directors |
28,793 |
|
49,580 |
|
Accruals and deferred income |
58,616 |
|
64,514 |
|
|
|
|
|
|
295,801 |
|
337,086 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
- |
|
806,667 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
- |
|
806,667 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
- |
|
806,667 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured over land and buildings and carries interest at 3.55% over LIBOR and subject to a minimum LIBOR of 0.75%. |
|
|
| 9 |
Other information |
|
|
Triform Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Ash Green |
|
Great Chesterford |
|
Saffron Walden |
|
Essex |
|
CB10 1QR |