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TRICROSSLAND LTD
REGISTERED NUMBER: 10811341
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
Notes
Tricrossland Limited is a private company limited by shares incorporated in England and Wales. The registered office is Park House School, Wisbech Road, Thorney, PE6 0SA.
Average number of employees
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
Amounts owed to subsdiary company
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Other creditors includes an amount of £171,071 that relates to amounts due to the company's subsidary company, Park House School Ltd, for costs incurred on its behalf to purchase Pond House.
Financial commitments and creditors
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The company has a secured loan facility which was drawn down on 12 December 2024 with an original principal balance of £618,750. The loan carries a fixed interest rate of 6.21% per annum for a period of 36 months from the date of drawdown. Following this initial period, the loan interest rate will revert to 2.3% above the bank's base rate, unless otherwise agreed with the lender.
The loan is secured by a fixed charge in favour of National Westminster Bank plc dated 12 December 2024 over the property known as Pond House, The Park, Wisbech Road, thorney, PE6 0SA.
At the balance sheet date the amounts repayable were £16,647 due within one year and £584,190 due after more than one year. The loan is repayable in accordance to the agreed repayment schedule and is subject to the terms and conditions set out in the loan agreement.
Directors' confirmations
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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T A Crossland
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