Company Registration No. 08562458 (England and Wales)
TRG Investments Limited
Unaudited accounts
for the year ended 30 June 2023
TRG Investments Limited
Unaudited accounts
Contents
TRG Investments Limited
Company Information
for the year ended 30 June 2023
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 2023
Tangible assets
300,000
300,000
Debtors
5,412,515
5,412,515
Cash at bank and in hand
214,791
258,832
Creditors: amounts falling due within one year
(288,123)
(291,502)
Net current assets
5,339,183
5,379,845
Total assets less current liabilities
5,639,233
5,679,895
Creditors: amounts falling due after more than one year
(3,912,637)
(3,912,637)
Net assets
1,726,596
1,767,258
Called up share capital
2
2
Profit and loss account
1,726,594
1,767,256
Shareholders' funds
1,726,596
1,767,258
For the year ending 30 June 2023 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.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Neil Gallagher
Director
Company Registration No. 08562458
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2023
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
Substantial Shareholding Exemption
TRG Investments Limited received proceeds of £1,120,907 from the sale of a 50% share in Sentaca Consulting Limited (Registered in Ireland no. 448579). We believe that this gain is exempt from Corporation Tax under the Taxation of Chargeable Gains Act (TCGA) 1992, Schedule 7AC
4
Tangible fixed assets
Land & buildings
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Investments
Other investments
Valuation at 1 July 2022
50
Valuation at 30 June 2023
50
Amounts falling due within one year
Amounts due from group undertakings etc.
5,407,565
5,407,565
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
86
-
Loans from directors
287,142
290,652
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
3,912,637
3,912,637
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
(287,892)
-
-
(287,892)
Long term loan from Director
(3,851,791)
-
-
(3,851,791)
(4,139,683)
-
-
(4,139,683)
TRG Investments Limited
Notes to the Accounts
for the year ended 30 June 2023
11
Transactions with related parties
At the period end, the company was owed £3,089,452 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 £2,318,113 (2021 - £1,116,360) by Caped Koala Studios Ltd, a company incorporated in England and Wales and controlled by Neil Gallagher.
TRG Investments Ltd owned 50% of Sentaca Consulting Ltd, a company incorporated in Ireland and controlled by Neil Gallagher and Phil O'Neill. These shares were sold during the 2021/22 year for US$1,363,030 (STG£1,120,907). This income is exempt from corporation tax under the Taxation of Chargeable Gains Act (TCGA) 1992, Schedule 7AC.
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 (2022: 0).