Trinity (Beckenham) Limited - Period Ending 2022-10-31

Trinity (Beckenham) Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Trinity (Beckenham) Limited

(Registration number: 08210887)
Balance Sheet as at 31 October 2022

	Note	2022 £	2021 £
Fixed assets
Investment property	4	-	892,753
Current assets
Debtors	5	116,059	-
Creditors: Amounts falling due within one year	6	(116,057)	(847,650)
Net current assets/(liabilities)		2	(847,650)
Net assets		2	45,103
Capital and reserves
Called up share capital		2	2
Retained earnings		-	45,101
Shareholders' funds		2	45,103

For the financial year ending 31 October 2022 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.

Approved and authorised by the director on 27 July 2023
 

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

Trinity (Beckenham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
43 Burlington Arcade
London
W1J 0QQ

These financial statements were authorised for issue by the director on 27 July 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trinity (Beckenham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 (2021 - 1).

4	Investment properties

	2022 £
At 1 November	892,753
Disposals	(892,753)
At 31 October	-

The investment properties are included at their initial cost which the directors believe is not dissimilar to its current market value.

There has been no valuation of investment property by an independent valuer.

Trinity (Beckenham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

5

Debtors

Current	Note	2022 £	2021 £
Amounts owed by related parties		116,059	-

6

Creditors

Creditors: amounts falling due within one year

	Note	2022 £	2021 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		116,057	813,427
Other creditors		-	34,223
		116,057	847,650

7	Parent and ultimate parent undertaking

The company's immediate parent is Trinity Holdings (London) Limited, incorporated in England and Wales.

  These financial statements are available upon request from 43 Burlington Arcade
London
United Kingdom
W1J 0QQ