Trident Investments (London) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06638315 (England and Wales)

TRIDENT INVESTMENTS (LONDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H Parmar

REGISTERED OFFICE:

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

REGISTERED NUMBER:

06638315 (England and Wales)

ACCOUNTANTS:

Weatherer Bailey Bragg LLP

Chartered Certified Accountants

100 Boldmere Road

Sutton Coldfield

West Midlands

B73 5UB

FIXED ASSETS

Tangible assets

4

8,218

10,332

CURRENT ASSETS

Stocks

-

378,284

Debtors

5

52,963

-

Cash at bank

69,479

27,840

122,442

406,124

CREDITORS

Amounts falling due within one year

6

5,052

304,231

NET CURRENT ASSETS

117,390

101,893

TOTAL ASSETS LESS CURRENT LIABILITIES

125,608

112,225

PROVISIONS FOR LIABILITIES

1,396

1,963

NET ASSETS

124,212

110,262

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

124,211

110,261

SHAREHOLDERS' FUNDS

124,212

110,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 March 2020 and were signed by:

H Parmar - Director

1.	STATUTORY INFORMATION

Trident Investments (London) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents commissions received and income from the sale of properties and is measured at

the fair value of the consideration received or receivable net of trade discounts. The policies adopted

for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of properties is recognised when significant risks and rewards of ownership of

the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is

probable that the economic benefits associated with the transaction will flow to the company and the

costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually

on completion.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services provided is

recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the

expenses recognised that are recoverable.

Rental Income

Rental income is recognised in the income statement in the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment

losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stock comprises of properties held for resale.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its

present location and condition. Provision is made for damaged, obsolete and slow-moving stock

where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2018

and 31 July 2019

13,871

1,949

15,820

DEPRECIATION

At 1 August 2018

4,202

1,286

5,488

Charge for year

1,451

663

2,114

At 31 July 2019

5,653

1,949

7,602

NET BOOK VALUE

At 31 July 2019

8,218

-

8,218

At 31 July 2018

9,669

663

10,332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/19

31/7/18

£

£

Directors' loan accounts

52,963

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/19

31/7/18

£

£

Trade creditors

193

-

Corporation tax payable

3,665

1,836

Directors' loan accounts

-

300,763

Accrued expenses

1,194

1,632

5,052

304,231

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/19

31/7/18

value:

£

£

1

Ordinary

£1

1

1

8.	CAPITAL COMMITMENTS

31/7/19

31/7/18

£

£

Contracted but not provided for in the

financial statements

192,000

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2019 and

31 July 2018:

31/7/19

31/7/18

£

£

H Parmar

Balance outstanding at start of year

(300,763

)

(90,863

)

Amounts advanced

566,614

325,124

Amounts repaid

(212,888

)

(535,024

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,963

(300,763

)

No interest is charged on directors loans. Amounts are repayable on demand.