Trinoak Developments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05222694 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 December 2022

for

Trinoak Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Camp

REGISTERED OFFICE:

Black Barn

Gay Dawn Farm

Valley Road

Fawkham

Kent

DA3 8LY

REGISTERED NUMBER:

05222694 (England and Wales)

ACCOUNTANTS:

Haxell Giddings Limited

Black Barn

Gay Dawn Farm

Valley Road

Fawkham

Kent

DA3 8LY

CURRENT ASSETS

Stocks

-

209,941

Debtors

4

56,220

2,121

Cash at bank

8,194

1,339

64,414

213,401

CREDITORS

Amounts falling due within one year

5

39,472

44,101

NET CURRENT ASSETS

24,942

169,300

TOTAL ASSETS LESS CURRENT LIABILITIES

24,942

169,300

CREDITORS

Amounts falling due after more than one year

6

-

185,000

NET ASSETS/(LIABILITIES)

24,942

(15,700

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

24,842

(15,800

)

SHAREHOLDERS' FUNDS

24,942

(15,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2022 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 and authorised for issue on 29 September 2023 and were signed by:

A J Camp - Director

1.	STATUTORY INFORMATION

Trinoak Developments 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

56,220

2,121

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

21,735

25,000

Trade creditors

-

2,555

Taxation and social security

8,279

-

Other creditors

9,458

16,546

39,472

44,101

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

-

185,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

The following amounts were outstanding at the reporting end date:

Amounts owed to related parties

2022

2021

£

£

Entities with control, joint control or significant influence over the company

9,158

9,158

Entities over which the entity has control, joint control or significant influence

-

4,092

The following amounts were outstanding at the reporting end date:

Amounts owed by related parties

2022

2021

£

£

Entities with control, joint control or significant influence over the company

4,009

-

Other related parties

52,190

911

The amounts outstanding are unsecured and will be settled in cash.