Trilliom Properties Limited - Accounts to registrar (filleted) - small 23.2.5
Trilliom Properties Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 28 February 2023 |
| for |
| TRILLIOM PROPERTIES LIMITED |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TRILLIOM PROPERTIES LIMITED |
| Company Information |
| for the Year Ended 28 February 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 42 Lytton Road |
| Barnet |
| Hertfordshire |
| EN5 5BY |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Balance Sheet |
| 28 February 2023 |
| 28.2.23 | 28.2.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Fair value reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Balance Sheet - continued |
| 28 February 2023 |
| 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 |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2023 |
| 1. | STATUTORY INFORMATION |
| Trilliom Properties Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net rental income received. |
| Tangible fixed assets |
| Plant and machinery | - |
| Office/ Computer equipment | - |
| 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 NIL (2022 - NIL). |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Short | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2022 |
| Additions |
| Revaluations |
| At 28 February 2023 |
| DEPRECIATION |
| At 1 March 2022 |
| Charge for year |
| At 28 February 2023 |
| NET BOOK VALUE |
| At 28 February 2023 |
| At 28 February 2022 |
| Office/ |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2022 |
| Additions |
| Revaluations |
| At 28 February 2023 |
| DEPRECIATION |
| At 1 March 2022 |
| Charge for year |
| At 28 February 2023 |
| NET BOOK VALUE |
| At 28 February 2023 |
| At 28 February 2022 |
| Cost or valuation at 28 February 2023 is represented by: |
| Freehold | Short | Plant and |
| property | leasehold | machinery |
| £ | £ | £ |
| Valuation in 2018 | 509,288 | - | - |
| Valuation in 2016 | 134,176 | - | - |
| Valuation in 2022 | 380,000 | - | - |
| Valuation in 2023 | 220,000 | 111,560 | 67,167 |
| Cost | 1,961,178 | - | - |
| 3,204,642 | 111,560 | 67,167 |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2023 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Office/ |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Valuation in 2018 | - | - | 509,288 |
| Valuation in 2016 | - | - | 134,176 |
| Valuation in 2022 | - | - | 380,000 |
| Valuation in 2023 | 15,125 | 8,023 | 421,875 |
| Cost | - | - | 1,961,178 |
| 15,125 | 8,023 | 3,406,517 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Tax |
| VAT | 8,866 | 6,525 |
| Other creditors |
| Directors' current accounts | 1,586,241 | 941,745 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Bank loans (see note 8) |
| Other loans (see note 8) |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Other loans - (Ryan Hudson) | 50,000 |
| TRILLIOM PROPERTIES LIMITED (REGISTERED NUMBER: 05716033) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2023 |
| 8. | LOANS - continued |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 9. | PROVISIONS FOR LIABILITIES |
| 28.2.23 | 28.2.22 |
| £ | £ |
| Deferred tax | 296,826 | 183,611 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2022 |
| Provided during year |
| Balance at 28 February 2023 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.23 | 28.2.22 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| A Ordinary Class | £1 | 2 | 2 |
| B Ordinary Class | £1 | 1 | 1 |
| 4 | 4 |
| 11. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company owed the director an amount of £1,584,172 (2022: £941,745). The amount is interest free and repayable on demand. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr D Hudson. |