Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true5falsefalse2021-01-01No description of principal activity5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10535616 2021-01-01 2021-12-31 10535616 2020-01-01 2020-12-31 10535616 2021-12-31 10535616 2020-12-31 10535616 c:Director2 2021-01-01 2021-12-31 10535616 d:PlantMachinery 2021-01-01 2021-12-31 10535616 d:PlantMachinery 2021-12-31 10535616 d:PlantMachinery 2020-12-31 10535616 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10535616 d:MotorVehicles 2021-01-01 2021-12-31 10535616 d:OfficeEquipment 2021-01-01 2021-12-31 10535616 d:OfficeEquipment 2021-12-31 10535616 d:OfficeEquipment 2020-12-31 10535616 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10535616 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10535616 d:CurrentFinancialInstruments 2021-12-31 10535616 d:CurrentFinancialInstruments 2020-12-31 10535616 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10535616 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10535616 d:ShareCapital 2021-12-31 10535616 d:ShareCapital 2020-12-31 10535616 d:SharePremium 2021-12-31 10535616 d:SharePremium 2020-12-31 10535616 d:RetainedEarningsAccumulatedLosses 2021-12-31 10535616 d:RetainedEarningsAccumulatedLosses 2020-12-31 10535616 c:OrdinaryShareClass1 2021-01-01 2021-12-31 10535616 c:OrdinaryShareClass1 2021-12-31 10535616 c:OrdinaryShareClass1 2020-12-31 10535616 c:FRS102 2021-01-01 2021-12-31 10535616 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10535616 c:FullAccounts 2021-01-01 2021-12-31 10535616 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10535616 6 2021-01-01 2021-12-31 10535616 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 10535616 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10535616









THREE CROWNS HOLDINGS LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
THREE CROWNS HOLDINGS LTD
REGISTERED NUMBER: 10535616

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,628
2,850

Investments
  
393,387
382,360

  
397,015
385,210

Current assets
  

Debtors: amounts falling due within one year
 5 
150,940
339,312

Cash at bank and in hand
  
565,837
215,764

  
716,777
555,076

Creditors: amounts falling due within one year
 6 
(34,790)
(210,770)

Net current assets
  
 
 
681,987
 
 
344,306

Total assets less current liabilities
  
1,079,002
729,516

Provisions for liabilities
  

Deferred tax
 7 
(2,157)
(2,486)

  
 
 
(2,157)
 
 
(2,486)

Net assets
  
1,076,845
727,030


Capital and reserves
  

Called up share capital 
 8 
1
1

Share premium account
  
1,787
1,787

Profit and loss account
  
1,075,057
725,242

  
1,076,845
727,030


Page 1

 
THREE CROWNS HOLDINGS LTD
REGISTERED NUMBER: 10535616

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2022.


................................................
R A Dickson
Director

Page 2

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Three Crowns Holdings Limited is a private company, limited by shares, domiciled in England and Wales, registration number 10535616.  The registered office is Suite 9a, Cringleford Business Centre, Intwood Road, Cringleford, Norwich, NR4 6AU.
The financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to
continue as a going concern. The financial statements do not contain any adjustments that would be
required if the company were not able to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Office equipment
-
33%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2020 - 5).

Page 6

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2021
1,588
4,851
6,439


Additions
-
2,922
2,922



At 31 December 2021

1,588
7,773
9,361



Depreciation


At 1 January 2021
672
2,917
3,589


Charge for the year on owned assets
380
1,764
2,144



At 31 December 2021

1,052
4,681
5,733



Net book value



At 31 December 2021
536
3,092
3,628



At 31 December 2020
916
1,934
2,850


.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2021
318,290
64,070
382,360


Additions
11,027
-
11,027


Transfers intra group
22,758
-
22,758


Transfer between classes
-
(22,758)
(22,758)



At 31 December 2021
352,075
41,312
393,387





5.


Debtors

2021
2020
£
£


Trade debtors
3,770
-

Amounts owed by group undertakings
-
338,630
Page 7

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.Debtors (continued)


Amounts owed by joint ventures and associated undertakings
2,139
-

Other debtors
12,757
-

Prepayments and accrued income
132,274
682

150,940
339,312



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,831
1,854

Corporation tax
-
22,934

Other taxation and social security
28,392
32,333

Other creditors
1,017
150,094

Accruals and deferred income
3,550
3,555

34,790
210,770


Page 8

 
THREE CROWNS HOLDINGS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Deferred taxation




2021


£






At beginning of year
2,486


Charged to profit or loss
(329)



At end of year
2,157

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
2,157
2,486


8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) ordinary shares of £0.01 each
1
1



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £30,793 (2020 £16,324). Contributions totalling £1,016 (2020 £1,105)  were payable to the fund at the balance sheet date and are included in creditors.


Page 9