Company Registration No. 08562458 (England and Wales)
TRG Investments Limited
Unaudited accounts
for the year ended 30 June 2019
TRG Investments Limited
Unaudited accounts
Contents
TRG Investments Limited
Company Information
for the year ended 30 June 2019
Company Number
08562458 (England and Wales)
Registered Office
4 MANSTON WAY
ST. ALBANS
HERTFORDSHIRE
AL4 0AG
Accountants
Elizabeth Needham FFA
Needham Accountancy Ltd
Berkeley House
Barnet Road
London Colney, Hertfordshire
AL2 1BG
TRG Investments Limited
Statement of financial position
as at
30 June 2019
Tangible assets
300,000
300,000
Debtors
4,210,741
4,308,116
Cash at bank and in hand
400,480
1,288
Creditors: amounts falling due within one year
(379,412)
(475,381)
Net current assets
4,231,809
3,834,023
Total assets less current liabilities
4,531,859
4,134,073
Creditors: amounts falling due after more than one year
(3,851,791)
(3,851,791)
Net assets
680,068
282,282
Called up share capital
2
2
Profit and loss account
680,066
282,280
Shareholders' funds
680,068
282,282
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 March 2020.
Neil Gallagher
Director
Company Registration No. 08562458
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2019
TRG Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08562458. The registered office is 4 MANSTON WAY, ST. ALBANS, HERTFORDSHIRE, AL4 0AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on reducing balance
Fixtures & fittings
25% per annum on reducing balance
Computer equipment
25% per annum on reducing balance
4
Tangible fixed assets
Land & buildings
Cost or valuation
At cost
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2019
5
Investments
Other investments
Valuation at 1 July 2018
50
Valuation at 30 June 2019
50
Amounts due from group undertakings etc.
3,810,741
3,695,741
Accrued income and prepayments
400,000
515,000
7
Creditors: amounts falling due within one year
2019
2018
Loans from directors
378,612
474,631
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
3,851,791
3,851,791
9
Share capital
2019
2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short term loan from Director
(473,281)
-
-
(473,281)
Long term loan from Director
(3,853,491)
-
-
(3,853,491)
Loan to Director
97,375
-
-
97,375
(4,229,397)
-
-
(4,229,397)
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2019
11
Transactions with related parties
At the period end, the company was owed £2,139,180 (2015 - £2,139,180) by NJP Developments Ltd, a company incorporated in Ireland and controlled by Neil Gallagher. TRG Investments Ltd owns 68% of NJP Developments Ltd.
At the period end, the company was owed £1,614,839 (2016 - £1,614,839) by Caped Koala Studios Ltd, a company incorporated in England and Wales and controlled by Neil Gallagher.
At the period end, the company was owed £27,083 (2016 - £27,083) by Sentaca Ireland Ltd, a company incorporated in Ireland and controlled by Neil Gallagher.
TRG Investments Ltd owns 50% of Sentaca Consulting Ltd, a company incorporated in Ireland and controlled by Neil Gallagher and Phil O'Neill.
The ultimate controlling party is Neil Gallagher, a director of the company.
13
Average number of employees
During the year the average number of employees was 0 (2018: 0).