Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31Tax 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. Tax is recognised in the Statement of Comprehensive Income. The current corporation 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.truetruetruetruetruetrue2022-01-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11353764 2022-01-01 2022-12-31 11353764 2021-01-01 2021-12-31 11353764 2022-12-31 11353764 2021-12-31 11353764 2021-01-01 11353764 c:Director1 2022-01-01 2022-12-31 11353764 c:Director3 2022-01-01 2022-12-31 11353764 c:Director4 2022-01-01 2022-12-31 11353764 c:RegisteredOffice 2022-01-01 2022-12-31 11353764 d:Buildings 2022-01-01 2022-12-31 11353764 d:Buildings 2022-12-31 11353764 d:Buildings 2021-12-31 11353764 d:Buildings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11353764 d:CurrentFinancialInstruments 2022-12-31 11353764 d:CurrentFinancialInstruments 2021-12-31 11353764 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11353764 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11353764 d:ShareCapital 2022-12-31 11353764 d:ShareCapital 2021-12-31 11353764 d:ShareCapital 2021-01-01 11353764 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11353764 d:RetainedEarningsAccumulatedLosses 2022-12-31 11353764 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 11353764 d:RetainedEarningsAccumulatedLosses 2021-12-31 11353764 d:RetainedEarningsAccumulatedLosses 2021-01-01 11353764 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11353764 c:OrdinaryShareClass1 2022-12-31 11353764 c:OrdinaryShareClass1 2021-12-31 11353764 c:FRS102 2022-01-01 2022-12-31 11353764 c:Audited 2022-01-01 2022-12-31 11353764 c:FullAccounts 2022-01-01 2022-12-31 11353764 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11353764 d:WithinOneYear 2022-12-31 11353764 d:WithinOneYear 2021-12-31 11353764 d:BetweenOneFiveYears 2022-12-31 11353764 d:BetweenOneFiveYears 2021-12-31 11353764 d:MoreThanFiveYears 2022-12-31 11353764 d:MoreThanFiveYears 2021-12-31 11353764 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11353764








 
 
 
 
 
 
 
TREQUITE FREEHOLD LIMITED
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
TREQUITE FREEHOLD LIMITED
 

COMPANY INFORMATION


Directors
N. Will 
C.F.D. Freiherr von Salis-Soglio 
J. Kuhlmann 




Registered number
11353764



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN




Independent auditors
Wilder Coe Ltd
Chartered Accountants & Statutory Auditors

1st Floor Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
TREQUITE FREEHOLD LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 7


 
TREQUITE FREEHOLD LIMITED
REGISTERED NUMBER: 11353764

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 4 
1,899,864
1,951,858

  
1,899,864
1,951,858

Current assets
  

Cash at bank
  
54,681
40,516

Creditors: amounts falling due within one year
 5 
(1,880,855)
(1,934,864)

Net current liabilities
  
 
 
(1,826,174)
 
 
(1,894,348)

  

Net assets
  
73,690
57,510


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
73,689
57,509

Equity shareholders' funds
  
73,690
57,510


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 director's report and statement of comprehensive income 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  28 September 2023.




N. Will
J. Kuhlmann
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 1

 
TREQUITE FREEHOLD LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2021
1
46,135
46,136


Comprehensive income for the year

Profit for the year
-
11,374
11,374



At 1 January 2022
1
57,509
57,510


Comprehensive income for the year

Profit for the year
-
16,180
16,180


At 31 December 2022
1
73,689
73,690


Page 2

 
TREQUITE FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Trequite Freehold Limited (Company number: 11353764), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales.
The principal place of business is Trequite Farm, Menheniot, Liskeard, Cornwall, PL14 4ST.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Encavis AG as at 31 December 2022 and these financial statements may be obtained from the address give in note 12.

Page 3

 
TREQUITE FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of Comprehensive Income on a straight-line basis over the term of the relevant lease.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.5

Taxation

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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at deemed cost less accumulated depreciation and any accumulated impairment losses. In 2019, the Company elected to adopt FRS 102 Triennial Review 2017 Amendments and transferred its investment property rented to another group company to tangible fixed assets. The fair value of the investment property at the date of transition was taken as the property's deemed cost going forward. 
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Page 4

 
TREQUITE FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Freehold land
-
29 years straight-line

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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 Statement of Comprehensive Income.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current corporation 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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2022
        2021







Directors
2
2

During the year, no directors received any emoluments (2021: £Nil).

Page 5

 
TREQUITE FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Freehold Land

£



Cost


At 1 January 2022
2,107,840



At 31 December 2022

2,107,840



Depreciation


At 1 January 2022
155,982


Charge for the year
51,994



At 31 December 2022

207,976



Net book value



At 31 December 2022
1,899,864



At 31 December 2021
1,951,858


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Other creditors
1,850,000
1,920,000

Corporation tax
30,855
14,864

1,880,855
1,934,864



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1
1
1


Page 6

 
TREQUITE FREEHOLD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
69,180
69,180

Later than 1 year and not later than 5 years
276,720
276,720

Later than 5 years
764,392
833,761

1,110,292
1,179,661


8.


Related party transactions

The Company has taken advantage of Section 33.1A of FRS 102 in not disclosing transactions between wholly-owned members of a group.


9.


Immediate and ultimate parent undertaking

As at 31 December 2022 and 31 December 2021, the immediate parent undertaking is Encavis Real Estate GmbH, a company incorporated in Germany and the ultimate parent undertaking is Encavis AG, a company incorporated in Germany.
Consolidated financial statements are prepared by the Company's ultimate parent undertaking, Encavis AG and can be obtained from the following address:
Große Elbstraße 59
Hamburg
22767
Germany
There is no smaller or larger group in which the Company's results are consolidated.


10.


Ultimate controlling party

As at 31 December 2022 and 31 December 2021, there was no single ultimate controlling party.


11.


Auditors' information

The Company was subject to an audit for the year ended 31 December 2022. The audit report was issued with an unqualified opinion and signed on 29 September 2023 by Bee-Lean Chew BA(Hons) FCA (Senior Statutory Auditor) on behalf of Wilder Coe Ltd.


Page 7