REGISTERED NUMBER: |
TREHARNE HOLDINGS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2022 TO 31 DECEMBER 2022 |
REGISTERED NUMBER: |
TREHARNE HOLDINGS LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2022 TO 31 DECEMBER 2022 |
TREHARNE HOLDINGS LIMITED (REGISTERED NUMBER: 09971933) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TREHARNE HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
And Statutory Auditors |
Ground Floor Cardigan House |
Castle Court |
Swansea Enterprise Park |
Swansea |
SA7 9LA |
TREHARNE HOLDINGS LIMITED (REGISTERED NUMBER: 09971933) |
BALANCE SHEET |
31 DECEMBER 2022 |
2022 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TREHARNE HOLDINGS LIMITED (REGISTERED NUMBER: 09971933) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Treharne Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
At 31st December 2022 the company owed amounts to group entities that are repayable on demand. The company is reliant on the continued support from group as if these amounts were recalled the company would need to sell its assets in order to continue as a going concern. However, this is deemed unlikely as it is expected that support from group will continue and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Significant judgements and estimates |
The preparation of the financial statements in conformity with generally accepted accounting principles requires the directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results in the future could differ from these estimates. The directors are satisfied that there are no significant judgements or estimates in addition to those that management has made in the process of applying the Company's accounting policies and already listed. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Rents receivable on the freehold investment property under the terms of the operating lease are included in the profit and loss account on a receivable basis |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Government grants |
Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
TREHARNE HOLDINGS LIMITED (REGISTERED NUMBER: 09971933) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Reclassification/transfer |
At 31 December 2022 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 March 2022 |
The value of Land and Buildings has been transferred from investment property as a result of the buildings being rented to fellow group entities. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2022 |
Reclassification/transfer | (931,885 | ) |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 March 2022 |
TREHARNE HOLDINGS LIMITED (REGISTERED NUMBER: 09971933) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2022 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
On 6th April 2022 all loan balances were repaid in full. |
Amounts owed to group undertakings are not secured and are repayable on demand. No interest is charged on amounts owed to group undertakings. |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2022 | 2022 |
£ | £ |
Bank loans |
National Westminster Bank PLC held a fixed and floating charge and a negative pledge over the assets fo the company, including all property held. |
On 8th April 2022 these charges were satisfied in full. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
10. | ULTIMATE CONTROLLING PARTY |
ATCDT Corporation is the ultimate controlling party as they own 100% of the share capital in Treharne Holdings Limited. |