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REGISTERED NUMBER: 09971933 (England and Wales)












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: Mr J J Treharne
A Victoria
G Kostopoulos
G Heald





SECRETARY: Mrs C Treharne





REGISTERED OFFICE: The Barn
Ty'n y Cwm
Nazareth Road
Pontyates
Llanelli
SA15 5TB





REGISTERED NUMBER: 09971933 (England and Wales)





AUDITORS: Bevan Buckland LLP
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 4 913,529 342
Investment property 5 - 931,885
913,529 932,227

CURRENT ASSETS
Cash at bank and in hand 7,079 1,366

CREDITORS
Amounts falling due within one year 6 554,552 595,082
NET CURRENT LIABILITIES (547,473 ) (593,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,056

338,511

PROVISIONS FOR LIABILITIES (71 ) -

ACCRUALS AND DEFERRED INCOME (10,125 ) (11,250 )
NET ASSETS 355,860 327,261

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 355,859 327,260
355,860 327,261

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

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 30 September 2023 and were signed on its behalf by:





Mr J J Treharne - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% reducing balance

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 - 1,500 1,500
Reclassification/transfer 931,885 - 931,885
At 31 December 2022 931,885 1,500 933,385
DEPRECIATION
At 1 April 2022 - 1,158 1,158
Charge for period 18,638 60 18,698
At 31 December 2022 18,638 1,218 19,856
NET BOOK VALUE
At 31 December 2022 913,247 282 913,529
At 31 March 2022 - 342 342

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 931,885
Reclassification/transfer (931,885 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 March 2022 931,885

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 - 583,152
Amounts owed to group undertakings 546,756 -
Taxation and social security 3,250 10,701
Other creditors 4,546 1,229
554,552 595,082

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 - 583,152

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.

Llinos Williams (Senior Statutory Auditor)
for and on behalf of Bevan Buckland LLP

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.