Trilogy (Land & New Homes) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12056116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 JUNE 2019 TO 31 AUGUST 2020

FOR

TRILOGY (LAND & NEW HOMES) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B C M Babington

A B Simpson

H J R Stuttaford

REGISTERED OFFICE:

First Floor, 336 Molesey Road

Hersham

Walton on Thames

Surrey

KT12 3PD

REGISTERED NUMBER:

12056116 (England and Wales)

ACCOUNTANTS:

The McWhirter Partnership Limited

Chartered Accountants

336 Molesey Road

Hersham

Walton on Thames

Surrey

KT12 3PD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trilogy (Land & New Homes) Limited for the period ended 31 August 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trilogy (Land & New Homes) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trilogy (Land & New Homes) Limited and state those matters that we have agreed to state to the Board of Directors of Trilogy (Land & New Homes) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trilogy (Land & New Homes) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trilogy (Land & New Homes) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trilogy (Land & New Homes) Limited. You consider that Trilogy (Land & New Homes) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Trilogy (Land & New Homes) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The McWhirter Partnership Limited

Chartered Accountants

336 Molesey Road

Hersham

Walton on Thames

Surrey

KT12 3PD

21 May 2021

FIXED ASSETS

Tangible assets

4

4,017

Investments

5

75

4,092

CURRENT ASSETS

Debtors

6

29,544

Cash at bank

222,499

252,043

CREDITORS

Amounts falling due within one year

7

139,108

NET CURRENT ASSETS

112,935

TOTAL ASSETS LESS CURRENT LIABILITIES

117,027

PROVISIONS FOR LIABILITIES

763

NET ASSETS

116,264

CAPITAL AND RESERVES

Called up share capital

900

Retained earnings

115,364

116,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2021 and were signed on its behalf by:

B C M Babington - Director

1.	STATUTORY INFORMATION

Trilogy (Land & New Homes) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

5,671

At 31 August 2020

5,671

DEPRECIATION

Charge for period

1,654

At 31 August 2020

1,654

NET BOOK VALUE

At 31 August 2020

4,017

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

75

At 31 August 2020

75

NET BOOK VALUE

At 31 August 2020

75

Fixed Asset Investments represents 75% of the issued share capital of Trilogy (Interior Design) Limited whose Registered Office address is First Floor, 336 Molesey Road, Hersham, Walton on Thames, Surrey, KT12 3PD.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,622

Other debtors

17,922

29,544

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

400

Amounts owed to group undertakings

7,453

Taxation and social security

86,151

Other creditors

45,104

139,108

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES