Trinity (Greenwich) Ltd - Period Ending 2018-10-31

Registration number: 03396861

Trinity (Greenwich) Ltd

Unaudited Filleted Accounts

for the Year Ended 31 October 2018

BRC accountants
Aldwych House
Winchester Street
Andover
SP10 2EA

Trinity (Greenwich) Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2

Trinity (Greenwich) Ltd

(Registration number: 03396861)
Balance Sheet as at 31 October 2018

	Note	2018 £	2017 £
Current assets
Stocks	4	857,745	857,745
Debtors	5	798,792	985,758
Cash at bank and in hand		297,659	69,806
		1,954,196	1,913,309
Creditors: Amounts falling due within one year	6	(1,991,502)	(2,028,277)
Net liabilities		(37,306)	(114,968)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(37,308)	(114,970)
Total equity		(37,306)	(114,968)

For the financial year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 July 2019

......................................... L J M Lawry Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Trinity (Greenwich) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in England. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The address of its registered office is: Aldwych House, Winchester Street, Andover, SP10 2EA.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Transition to FRS 102

These financial statements are the first financial statements of Trinity (Greenwich) Ltd to be prepared in accordance with FRS 102. The financial statements for the year ended 31 October 2017 were prepared in accordance with previous UK GAAP. The date of transition is 1 November 2016. In preparing the financial statements the officers have considered that in applying the accounting policies required by FRS 102 a restatement of comparative items was not needed.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The company continues to trade due to the continued support of the holding company, Trinity Holdings (London) Limited, Bosita Property Corporation and its bankers.

Income recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stocks

Trading properties are properties which are purchased and held for re-sale and which may be let out in the short-term. They are stated at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Page 2

Trinity (Greenwich) Ltd

Notes to the Financial Statements for the Year Ended 31 October 2018

3	Staff numbers

The average number of persons employed by the company, including the director, during the year was 0 (2017 - 0).

4

Stocks

	2018 £	2017 £
Other inventories	857,745	857,745

5

Debtors

	2018 £	2017 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	776,657	969,209
Other debtors	22,135	16,549
	798,792	985,758

6

Creditors

Due within one year

	2018 £	2017 £
Trade creditors	4,449	4,449
Amounts owed to group undertakings and undertakings in which the company has a participating interest	979,506	979,506
Taxation and social security	15,945	52,681
Accruals and deferred income	12,096	12,135
Other creditors	979,506	979,506
	1,991,502	2,028,277

Page 3