Tripad Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14991177

		31 July 2025		31 July 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,200,000		-

			2,200,000		-
CURRENT ASSETS
Debtors	6	8,295		100

		8,295		100
Creditors: Amounts Falling Due Within One Year	7	(8,218 )		-

NET CURRENT ASSETS (LIABILITIES)			77		100

TOTAL ASSETS LESS CURRENT LIABILITIES			2,200,077		100

NET ASSETS			2,200,077		100

CAPITAL AND RESERVES
Called up share capital	8		5,200,000		100
Other reserves			(3,000,000 )		-
Profit and Loss Account			77		-

SHAREHOLDERS' FUNDS			2,200,077		100

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Tripad Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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

Mr Mahendra Amin

Director

6 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tripad Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14991177 . The registered office is 98 Fleetwood Road, Dollis Hill, London, NW10 1NN.

2. Accounting Policies

2.1. 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.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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.

2.4. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Tripad Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 August 2024	-
Additions	2,200,000

As at 31 July 2025	2,200,000

Net Book Value
As at 31 July 2025	2,200,000

As at 1 August 2024	-

5. Investment Property

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	31 July 2025	31 July 2024
	£	£
Cost	2,200,000	-

The investment property comprises the freehold of 2, 4, 6, 8 and 8A Craven Park Road, London NW10 4AB.

The property was valued at £2,200,000 by Mark Symonds MRICS, RICS Registered Valuer, of Kempton Carr Croft Property Consultants, an independent firm of chartered surveyors, following an inspection on 18 September 2023. The valuation was prepared on the basis of Market Value in accordance with the RICS Valuation – Global Standards.

The directors have considered market conditions between the valuation date, the date of acquisition (9 October 2024) and the reporting date, and are satisfied that £2,200,000 remains a reasonable estimate of fair value at 31 July 2025. The historical cost of the property is £2,200,000.

6. Debtors

	31 July 2025	31 July 2024
	£	£
Due within one year
Prepayments and accrued income	977	-
Directors' loan accounts	7,318	100

	8,295	100

7. Creditors: Amounts Falling Due Within One Year

	31 July 2025	31 July 2024
	£	£
Corporation tax	7,018	-
Accruals and deferred income	1,200	-

	8,218	-

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Tripad Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Share Capital

	31 July 2025	31 July 2024
	£	£
Allotted, Called up and fully paid	5,200,000	100

9. Reserves

	Other reserves	Profit and Loss Account
	£	£
As at 1 August 2024	-	-
Profit for the year and total comprehensive income	-	20,077

Dividends paid	-	(20,000)
Share capital reduction	(3,000,000 )	-

As at 31 July 2025	(3,000,000 )	77

On 9 October 2024 the company allotted 5,199,900 ordinary shares of £1 each to acquire its freehold property. The property has been recognised at its fair value of £2,200,000. The other reserve of £3,000,000 represents the difference between the nominal value of the shares allotted and the fair value of the property received.

10. Related Party Transactions

On 9 October 2024 the company acquired its freehold property from the directors in exchange for 5,199,900 ordinary shares of £1 each. The property was recognised at its fair value of £2,200,000.

Dividends of £20,000 were paid to the directors during the year.

At 31 July 2025 the directors owed the company £7,318 (2024: £100). The loan is interest free and repayable on demand.

The company is controlled by the directors, Mr M Amin and Mrs H Amin.

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