BrightAccountsProduction v1.0.0 v1.0.0 2025-04-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of the sale and distribution of nutritional feed supplements and healthcare products for animals.

There has been no significant change in these activities during the financial year ended 31 March 2026. 13 September 2026 12 10 NI625354 2026-03-31 NI625354 2025-03-31 NI625354 2024-03-31 NI625354 2025-04-01 2026-03-31 NI625354 2024-04-01 2025-03-31 NI625354 uk-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 NI625354 uk-curr:PoundSterling 2025-04-01 2026-03-31 NI625354 uk-bus:FullAccounts 2025-04-01 2026-03-31 NI625354 uk-bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 NI625354 uk-bus:Director2 2025-04-01 2026-03-31 NI625354 uk-bus:CompanySecretary1 2025-04-01 2026-03-31 NI625354 uk-bus:RegisteredOffice 2025-04-01 2026-03-31 NI625354 uk-bus:Agent1 2025-04-01 2026-03-31 NI625354 uk-bus:Audited 2025-04-01 2026-03-31 NI625354 uk-core:ShareCapital 2026-03-31 NI625354 uk-core:ShareCapital 2025-03-31 NI625354 uk-core:RetainedEarningsAccumulatedLosses 2026-03-31 NI625354 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI625354 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2026-03-31 NI625354 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI625354 uk-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 NI625354 uk-bus:FRS102 2025-04-01 2026-03-31 NI625354 uk-core:Land 2025-04-01 2026-03-31 NI625354 uk-core:PlantMachinery 2025-04-01 2026-03-31 NI625354 uk-core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 NI625354 uk-core:MotorVehicles 2025-04-01 2026-03-31 NI625354 uk-core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 NI625354 uk-core:CurrentFinancialInstruments 2026-03-31 NI625354 uk-core:CurrentFinancialInstruments 2025-03-31 NI625354 uk-core:CurrentFinancialInstruments 2026-03-31 NI625354 uk-core:CurrentFinancialInstruments 2025-03-31 NI625354 uk-core:WithinOneYear 2026-03-31 NI625354 uk-core:WithinOneYear 2025-03-31 NI625354 uk-core:ParentEntities 2025-04-01 2026-03-31 NI625354 2025-04-01 2026-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
TRI Equestrian Limited
 
Annual Report and Financial Statements
 
for the financial year ended 31 March 2026



TRI Equestrian Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Philip Masterson
Raoul Masterson
 
 
Company Secretary Philip Masterson
 
 
Company Registration Number NI625354
 
 
Registered Office and Business Address The Meadows Equestrian Centre
Embankment Road
Lurgan
 
 
Independent Auditors Hugh McCarthy & Associates
Chartered Accountants and Statutory Audit Firm
1st & 2nd Floor,The Mill,
Greenmount Avenue,
Harolds Cross
Dublin 12
Ireland
 
 
Bankers Uister Bank
  14-16 Market Street
  Lurgan, Craigavon
  Northern Ireland
   
   
  AIB Bank
  Moorfield
  Newbridge
  Co. Kildare



TRI Equestrian Limited
DIRECTORS' REPORT
for the financial year ended 31 March 2026

 
The directors present their report and the audited financial statements for the financial year ended 31 March 2026.
 
Principal Activity

The principal activity of the company is that of the sale and distribution of nutritional feed supplements and healthcare products for animals.

There has been no significant change in these activities during the financial year ended 31 March 2026.
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £149,352 (2025 - £100,190).
     
Directors
The directors who served during the financial year are as follows:
     
Philip Masterson
Raoul Masterson
   
There were no changes in shareholdings between 31 March 2026 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Indemnity Insurance
In accordance with our articles of association and to the extent permitted by the laws of England and Wales, directors are granted an indemnity from the Company in respect of liabilities incurred as a result of their office. In addition, we maintained a directors' and officers' liability insurance policy throughout the year. Neither our indemnity nor the insurance provides cover in the event that a director is proven to have acted dishonestly or fraudulently.
     
Statement of Directors' Responsibilities
             

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.


In preparing these financial statements, the directors are required to:
-select suitable accounting policies and apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
                 

Disclosure of Information to Auditor

Each persons who are directors at the date of approval of this report confirms that:

In so far as the directors are aware:

-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and

-the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
     
Auditors
The auditors, Hugh McCarthy & Associates, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________ ___________________________
Philip Masterson Raoul Masterson
Director Director
     
13 September 2026 13 September 2026



INDEPENDENT AUDITOR'S REPORT
to the Shareholders of TRI Equestrian Limited

 
Report on the audit of the financial statements
 
Opinion
We have audited the financial statements of TRI Equestrian Limited ('the company') for the financial year ended 31 March 2026 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities).

In our opinion the financial statements:

-give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the financial year then ended;

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-have been prepared in accordance with the requirements of the Companies Act 2006.
 
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 3 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
 
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
 
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.
 
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
 
Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
 
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Directors' Report has been prepared in accordance with applicable legal requirements.
 
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors' Report.
 
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report.
 
Responsibilities of directors for the financial statements
The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
 
In preparing the financial statements, the directors are responsible for assessing the company ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.
 
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
 
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
 
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.
 
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
 
 
 
Garrett McCarthy (Senior Statutory Auditor)
for and on behalf of
HUGH MCCARTHY & ASSOCIATES
Chartered Accountants and Statutory Audit Firm
1st & 2nd Floor,The Mill,
Greenmount Avenue,
Harolds Cross
Dublin 12
Ireland
 
13 September 2026



TRI Equestrian Limited
APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
 
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
 
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
 
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
 
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
 
- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.
 
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
 
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.



TRI Equestrian Limited
INCOME STATEMENT
for the financial year ended 31 March 2026
2026 2025
Notes £ £

Revenue 1,490,192 1,385,128
 
Cost of sales (864,228) (885,702)
───────── ─────────
Gross profit 625,964 499,426
 
Administrative expenses (473,590) (389,152)
Other operating income 59,566 29,783
───────── ─────────
Profit before taxation 211,940 140,057
 
Tax on profit (62,588) (39,867)
───────── ─────────
Profit for the financial year 149,352 100,190
───────── ─────────
Total comprehensive income 149,352 100,190
    ═════════   ═════════



TRI Equestrian Limited
Company Registration Number: NI625354
STATEMENT OF FINANCIAL POSITION
as at 31 March 2026

2026 2025
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 157,767 199,155
───────── ─────────
 
Current Assets
Inventories 6 307,975 292,986
Receivables 7 67,845 81,864
Cash and cash equivalents 110,660 147,624
───────── ─────────
486,480 522,474
───────── ─────────
Payables: amounts falling due within one year 8 (184,198) (156,695)
───────── ─────────
Net Current Assets 302,282 365,779
───────── ─────────
Total Assets less Current Liabilities 460,049 564,934
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings 460,048 564,933
───────── ─────────
Equity attributable to owners of the company 460,049 564,934
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
Approved by the Board and authorised for issue on 13 September 2026 and signed on its behalf by
           
           
________________________________     ________________________________
Philip Masterson     Raoul Masterson
Director     Director
           



TRI Equestrian Limited
STATEMENT OF CHANGES IN EQUITY
as at 31 March 2026

Called up Retained Total
share earnings
capital
£ £ £
 
At 1 April 2024 1 549,489 549,490
───────── ───────── ─────────
Profit for the financial year - 100,190 100,190
───────── ───────── ─────────
Payment of dividends - (84,746) (84,746)
  ───────── ───────── ─────────
At 31 March 2025 1 564,933 564,934
  ───────── ───────── ─────────
Profit for the financial year - 149,352 149,352
  ───────── ───────── ─────────
Payment of dividends - (254,237) (254,237)
  ───────── ───────── ─────────
At 31 March 2026 1 460,048 460,049
  ═════════ ═════════ ═════════



TRI Equestrian Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2026

   
1. General Information
 
TRI Equestrian Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI625354. The registered office of the company is The Meadows Equestrian Centre, Embankment Road, Lurgan which is also the principal place of business of the company. The nature of the company operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 12.5% Straight line
  Plant and machinery - 12.5% Straight line
  Fixtures, fittings and equipment - 12.5% straight line
  Motor vehicles - 12.5% straight line
  Computer equipment - 12.5% straight line
 

Assets not carried at fair value are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount.

The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use.  Value in use is defined as the present value of the future pre-tax and interest cash flows obtainable as a result of the asset’s continued use. The pre-tax and interest cash flows are discounted using a pre-tax discount rate that represents the current market risk free rate and the risks inherent in the asset. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units).  

If the recoverable amount of the asset (or asset’s cash generating unit) is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognised in the profit and loss account, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation. Thereafter any excess is recognised in profit or loss.

If an impairment loss is subsequently reverses, the carrying amount of the asset (or asset’s cash generating unit) is increased to the revised estimate of its recoverable amount, but only to the extent that the revised carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised in prior periods. A reversal of an impairment loss is recognised in the profit and loss account.
 

The company’s policy is to review the remaining useful economic lives and residual values of fixtures, fittings and equipment on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.

Fully depreciated fixtures, fittings & equipment are retained in the cost of fixtures, fittings & equipment and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the profit and loss account.
 
Inventories
Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items in the income statement. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Payables.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company.
 
Employee benefits

The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans.

(i) Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

(ii) Annual bonus plans

The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.

(iii) Defined contribution pension plans

The Company operates a defined contribution plan. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate fund. Under defined contribution plans, the company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

For defined contribution plans, the company pays contributions to privately administered pension plans on a contractual or voluntary basis. The company has no further payment obligations once the contributions have been paid. The contributions are recognised as employee benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.
 
Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Provisions Available for Audits of Small Entities
 
In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with the preparation of the financial statements.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 12, (2025 - 10).
 
  2026 2025
  Number Number
 
Sales 12 10
  ═════════ ═════════

               
5. Property, plant and equipment
  Long Plant and Fixtures, Motor Computer Total
  leasehold machinery fittings and vehicles equipment  
  property   equipment      
  £ £ £ £ £ £
Cost
At 1 April 2025 348,513 21,291 40,758 19,469 10,844 440,875
  ───────── ───────── ───────── ───────── ───────── ─────────
 
At 31 March 2026 348,513 21,291 40,758 19,469 10,844 440,875
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2025 165,880 7,394 38,989 19,469 9,988 241,720
Charge for the financial year 37,850 2,031 858 - 649 41,388
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 March 2026 203,730 9,425 39,847 19,469 10,637 283,108
  ───────── ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 31 March 2026 144,783 11,866 911 - 207 157,767
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 31 March 2025 182,633 13,897 1,769 - 856 199,155
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
6. Inventories 2026 2025
  £ £
 
Finished goods and goods for resale 307,975 292,986
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Receivables 2026 2025
  £ £
 
Trade receivables 43,333 33,027
Amounts owed by group undertakings 225 138
Prepayments and accrued income 3,000 3,000
Currency exchange 21,287 45,699
  ───────── ─────────
  67,845 81,864
  ═════════ ═════════
       
8. Payables 2026 2025
Amounts falling due within one year £ £
 
Trade payables 44,283 76,996
Amounts owed to group undertakings 25,968 21,619
Taxation  (Note 9) 101,298 64,657
Other creditors 7,497 (11,729)
Accruals 5,152 5,152
  ───────── ─────────
  184,198 156,695
  ═════════ ═════════
 
Trade creditors include amounts owing to suppliers, who purport to include reservation of title clauses in their conditions of sales. It is not practicable to quantify this amount, or how much of it is included in stocks.
       
9. Taxation 2026 2025
  £ £
 
Payables:
VAT 32,561 18,991
Corporation tax 62,647 39,867
PAYE / NI 6,090 5,799
  ───────── ─────────
  101,298 64,657
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2026.
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Parent company
 
The companys immediate parent is Los Alerces Limited, incorporated in Cyprus. The address of Los Alerces Limited is Methonis Tower, Floor 3, Flat/Office 301, Arch. Makariou III 73, 1070 Nicosia, Cyprus.
 
   
13. Controlling interest
 
The company is wholly owned by Los Alerces Ltd. Los Alerces Ltd is owned as to 50% by Rodania Limited, which is wholly owned by Laurence Masterson. Accordingly, the directors consider that the ultimate controlling party is Laurence Masterson. The directors of the company Philip Masterson and Raoul Masterson also hold significant minority shareholdings in the parent company.
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.



TRI Equestrian Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 31 March 2026
2026 2025
£ £

Sales 1,490,192 1,385,128
───────── ─────────
       
Cost of sales
Opening inventories 292,986   269,814
Purchases 879,217 908,874
  ─────────   ─────────
  1,172,203   1,178,688
Closing inventories (307,975)   (292,986)
  ─────────   ─────────
  864,228   885,702
  ─────────   ─────────
       
Gross profit 625,964   499,426
  ─────────   ─────────
Gross profit Percentage 42.0%   36.1%
  ─────────   ─────────
       
Administrative expenses - Schedule 1 473,590   389,152
  ─────────   ─────────
       
Miscellaneous income
Service charge receivable 59,566 29,783
  ─────────   ─────────
       
Net profit 211,940   140,057
  ═════════   ═════════



TRI Equestrian Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1: ADMINISTRATIVE EXPENSES ANALYSIS
for the financial year ended 31 March 2026
2026 2025
£ £ £ £

Directors' and Staff Costs
Wages and salaries 195,465 158,984
Employer's NI/PRSI contributions 22,309 13,819
Staff defined contribution pension costs 2,655 2,278
Canteen 737 1,765
───────── ─────────
221,166 176,846
Office Expenses
Printing, postage and stationery 1,028 1,001
Telephone 3,486 4,518
  ─────────   ─────────  
    4,514   5,519
Premises and Equipment Expenses
Rent payable 36,000 36,000
Rates 14,456 13,973
Insurance 4,197 4,136
Light and heat 6,924 5,858
Repairs and maintenance 3,966 21,142
Computer costs 6,509 6,742
  ─────────   ─────────  
    72,052   87,851
General Expenses
General expenses - 147
  ─────────   ─────────  
    -   147
Sales and Promotional Expenses
Advertising 54,729 19,360
Carriage out 32,879 17,325
Motor expenses 21,672 13,053
Travelling and entertainment 3,812 5,141
  ─────────   ─────────  
    113,092   54,879
Professional and Financial Expenses
Legal and professional 159 184
Bank charges 14,615 18,013
Bad debts 1,347 -
Profit/loss on exchange 267 259
Audit fees 4,990   4,538  
  ─────────   ─────────  
    21,378   22,994
Depreciation
Leasehold property depreciation 37,850   37,850  
Plant and machinery depreciation 2,031   1,226  
Fixtures, fittings and equipment depreciation 858   872  
Motor vehicles depreciation -   319  
Computer equipment depreciation 649   649  
  ─────────   ─────────  
    41,388   40,916
    ─────────   ─────────
    473,590   389,152
    ═════════   ═════════