Trinity (Greenwich) Ltd - Period Ending 2019-10-31

Trinity (Greenwich) Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2

Trinity (Greenwich) Ltd

(Registration number: 03396861)
Balance Sheet as at 31 October 2019

	Note	2019 £	2018 £
Current assets
Stocks	4	857,745	857,745
Debtors	5	876,684	798,792
Cash at bank and in hand		229,425	297,659
		1,963,854	1,954,196
Creditors: Amounts falling due within one year	6	(1,961,143)	(1,991,502)
Net assets/(liabilities)		2,711	(37,306)
Capital and reserves
Called up share capital		2	2
Profit and loss account		2,709	(37,308)
Total equity		2,711	(37,306)

For the financial year ending 31 October 2019 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 23 October 2020

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

Trinity (Greenwich) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019

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.

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.

Deferred tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Trinity (Greenwich) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019

2	Accounting policies (continued)

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.

3	Staff numbers

The average number of persons employed by the company, including the director, during the year was 1 (2018 - 1).

4

Stocks

	2019 £	2018 £
Other inventories	857,745	857,745

5

Debtors

	2019 £	2018 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	876,583	776,657
Other debtors	101	22,135
	876,684	798,792

Trinity (Greenwich) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2019

6

Creditors

Due within one year

	2019 £	2018 £
Trade creditors	-	4,449
Amounts owed to group undertakings and undertakings in which the company has a participating interest	944,692	979,506
Taxation and social security	15,945	15,945
Accruals and deferred income	-	12,096
Other creditors	1,000,506	979,506
	1,961,143	1,991,502

7	Parent and ultimate parent undertaking

The company's parent and ultimate holding company is Trinity Holdings (London) Limited. Trinity Holdings (London) Limited is incorporated in England and Wales and the address of its registered office is: Aldwych House
Winchester Street
Andover
Hampshire
SP10 2EA.