Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02145187 2022-04-01 2023-03-31 02145187 2021-04-01 2022-03-31 02145187 2023-03-31 02145187 2022-03-31 02145187 c:Director1 2022-04-01 2023-03-31 02145187 d:FurnitureFittings 2022-04-01 2023-03-31 02145187 d:FurnitureFittings 2023-03-31 02145187 d:FurnitureFittings 2022-03-31 02145187 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02145187 d:FreeholdInvestmentProperty 2023-03-31 02145187 d:FreeholdInvestmentProperty 2022-03-31 02145187 d:CurrentFinancialInstruments 2023-03-31 02145187 d:CurrentFinancialInstruments 2022-03-31 02145187 d:Non-currentFinancialInstruments 2023-03-31 02145187 d:Non-currentFinancialInstruments 2022-03-31 02145187 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02145187 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02145187 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02145187 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02145187 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 02145187 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 02145187 d:ShareCapital 2023-03-31 02145187 d:ShareCapital 2022-03-31 02145187 d:RetainedEarningsAccumulatedLosses 2023-03-31 02145187 d:RetainedEarningsAccumulatedLosses 2022-03-31 02145187 c:OrdinaryShareClass1 2022-04-01 2023-03-31 02145187 c:OrdinaryShareClass1 2023-03-31 02145187 c:FRS102 2022-04-01 2023-03-31 02145187 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02145187 c:FullAccounts 2022-04-01 2023-03-31 02145187 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02145187 6 2022-04-01 2023-03-31 02145187 2 2023-03-31 02145187 2 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02145187














TRICAP LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
TRICAP LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
TRICAP LIMITED
REGISTERED NUMBER:02145187

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
400
800

Investments
 5 
95,910
95,910

Investment property
 6 
381,707
381,707

  
478,017
478,417

Current assets
  

Cash at bank and in hand
 7 
64,916
47,531

  
64,916
47,531

Creditors: amounts falling due within one year
 8 
(6,136)
(2,740)

Net current assets
  
 
 
58,780
 
 
44,791

Total assets less current liabilities
  
536,797
523,208

Creditors: amounts falling due after more than one year
 9 
(454,302)
(454,302)

  

Net assets
  
82,495
68,906


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
82,493
68,904

  
82,495
68,906


1

 
TRICAP LIMITED
REGISTERED NUMBER:02145187
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 director acknowledges his 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 by: 




A Verma
Director

Date: 19 September 2023

The notes on pages 3 to 8 form part of these financial statements.

2

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Tricap Limited is a private company, limited by shares, registered in England and Wales, registration number 02145187. The registered office address is 63 Parliament Hill, Hampstead, London, NW3 2TB.
 
The principal activity of the company is that of investment.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue from letting and operating of real estate 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. 

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

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.

 
2.5

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.

3

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance

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 profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Cash

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

 
2.9

 Creditors

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

 
2.10

  Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
4

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
  Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

5

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 April 2022
16,782



At 31 March 2023

16,782



Depreciation


At 1 April 2022
15,982


Charge for the year on owned assets
400



At 31 March 2023

16,382



Net book value



At 31 March 2023
400



At 31 March 2022
800


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2022
95,910



At 31 March 2023
95,910






Net book value



At 31 March 2023
95,910



At 31 March 2022
95,910

6

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
381,707



At 31 March 2023
381,707

The 2023 valuations were made by director, on an open market value for existing use basis.




7.


Cash

2023
2022
£
£

Cash at bank and in hand
64,916
47,531



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
6,136
2,740



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
454,302
454,302


The loans are secured over the assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
454,302
454,302


7

 
TRICAP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1.00 each
2
2



12.


Related party transactions

As at the balance sheet date, the company owed £454,302 (2022- £454,302) to director. This is an interest free loan.

 
8