Triangle Group Holdings Limited - Abbreviated accounts 16.1

Triangle Group Holdings Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 02743008 (England and Wales)
























Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

TRIANGLE GROUP HOLDINGS LIMITED

TRIANGLE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02743008)






Contents of the Abbreviated Accounts
for the year ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 6

TRIANGLE GROUP HOLDINGS LIMITED

Company Information
for the year ended 31 December 2015







DIRECTORS: P Featherstone
S B Chicksand
V Khanna





SECRETARY: Springfield Secretaries Limited





REGISTERED OFFICE: Tetherdown House
Newgatestreet Road
Goff Oak
Waltham Cross
Hertfordshire
EN7 5RY





REGISTERED NUMBER: 02743008 (England and Wales)





ACCOUNTANTS: The Trevor Jones Partnership LLP
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

TRIANGLE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02743008)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 638 4,039
Investments 3 100 100
Investment property 4 490,385 490,385
491,123 494,524

CURRENT ASSETS
Stocks 1,100,182 1,100,182
Debtors 112,212 218,636
Cash at bank 39,682 66,145
1,252,076 1,384,963
CREDITORS
Amounts falling due within one year 123,351 258,095
NET CURRENT ASSETS 1,128,725 1,126,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,619,848

1,621,392

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 1,619,748 1,621,292
SHAREHOLDERS' FUNDS 1,619,848 1,621,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 16 August 2016 and were signed on its behalf by:




P Featherstone - Director


TRIANGLE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02743008)

Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company continues to trade profitable. The directors monitor cash flow on a regular basis and believe that
the business has sufficient resources for the foreseeable future. The accounts have therefore been prepared on the
going concern basis.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements
The financial statements contain information about Triangle Group Holdings Limited as an individual company
and do not contain consolidated financial information as the parent of a group. The company has taken the option
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 cost

Investment property
In accordance with SSAP 19:

(i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation
reserve; and

(ii) no depreciation or amortisation is provided in respect of investment properties.

The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their estimated
useful economic lives. However, investment properties are held for investment rather than consumption; the
directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that
the accounting policy adopted is necessary for the accounts to show a true and fair view. Depreciation is only one
of the many factors reflected in the annual valuation and the annual valuation which might otherwise have been
shown cannot be separately identified.

Work in progress
Work in progress is valued at the lower of costs and net realisable value including appropriate proportions of
profit, calculated by reference to the completeness of the various developments.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

TRIANGLE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02743008)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 13,608
DEPRECIATION
At 1 January 2015 9,569
Charge for year 3,401
At 31 December 2015 12,970
NET BOOK VALUE
At 31 December 2015 638
At 31 December 2014 4,039

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015
and 31 December 2015 100
NET BOOK VALUE
At 31 December 2015 100
At 31 December 2014 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Triangle Ealing Limited
Nature of business: Petrol filling station
%
Class of shares: holding
Ordinary 100.00
2015 2014
£    £   
Aggregate capital and reserves 2,397,991 2,408,185
Loss for the year (6,694 ) (30,494 )

TRIANGLE GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 02743008)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2015

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2015
and 31 December 2015 490,385
NET BOOK VALUE
At 31 December 2015 490,385
At 31 December 2014 490,385

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Featherstone.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Triangle Group Holdings Limited (Registered number: 02743008)

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Triangle Group Holdings Limited for the year ended 31 December 2015 which comprise the
Profit and Loss Account, the 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Triangle Group Holdings 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 Triangle Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Triangle Group Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Triangle Group Holdings 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 Triangle Group Holdings Limited. You consider that Triangle Group Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Triangle Group Holdings 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 Trevor Jones Partnership LLP
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR


16 August 2016