Trio Global Investments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11971571 (England and Wales)

Financial Statements

for the Year Ended 30 November 2023

for

TRIO GLOBAL INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W N Lam

Ms Y Shum

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

11971571 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

4,336

8,672

Tangible assets

5

3,704

2,207

Investment property

6

327,478

327,478

335,518

338,357

CURRENT ASSETS

Debtors

7

2,145

2,146

Cash at bank

4,878

22,406

7,023

24,552

CREDITORS

Amounts falling due within one year

8

(362,667

)

(364,192

)

NET CURRENT LIABILITIES

(355,644

)

(339,640

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,126

)

(1,283

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(20,226

)

(1,383

)

SHAREHOLDERS' FUNDS

(20,126

)

(1,283

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:

W N Lam - Director

1.	STATUTORY INFORMATION

Trio Global Investments Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2022

and 30 November 2023

21,677

AMORTISATION

At 1 December 2022

13,005

Charge for year

4,336

At 30 November 2023

17,341

NET BOOK VALUE

At 30 November 2023

4,336

At 30 November 2022

8,672

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2022

3,310

Additions

3,900

At 30 November 2023

7,210

DEPRECIATION

At 1 December 2022

1,103

Charge for year

2,403

At 30 November 2023

3,506

NET BOOK VALUE

At 30 November 2023

3,704

At 30 November 2022

2,207

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2022

and 30 November 2023

327,478

NET BOOK VALUE

At 30 November 2023

327,478

At 30 November 2022

327,478

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Other debtors

2,145

2,146

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Trade creditors

-

326

Taxation and social security

-

2,191

Other creditors

362,667

361,675

362,667

364,192

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.23

30.11.22

value:

£

£

100

Ordinary

1

100

100

10.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.