Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00751366 2022-04-01 2023-03-31 00751366 2021-04-01 2022-03-31 00751366 2023-03-31 00751366 2022-03-31 00751366 2021-04-01 00751366 2 2022-04-01 2023-03-31 00751366 2 2021-04-01 2022-03-31 00751366 d:Director1 2022-04-01 2023-03-31 00751366 e:FurnitureFittings 2022-04-01 2023-03-31 00751366 e:FurnitureFittings 2023-03-31 00751366 e:FurnitureFittings 2022-03-31 00751366 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00751366 e:ComputerEquipment 2022-04-01 2023-03-31 00751366 e:ComputerEquipment 2023-03-31 00751366 e:ComputerEquipment 2022-03-31 00751366 e:ComputerEquipment e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00751366 e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00751366 e:FreeholdInvestmentProperty 2023-03-31 00751366 e:FreeholdInvestmentProperty 2022-03-31 00751366 e:CurrentFinancialInstruments 2023-03-31 00751366 e:CurrentFinancialInstruments 2022-03-31 00751366 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 00751366 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 00751366 e:ShareCapital 2023-03-31 00751366 e:ShareCapital 2022-03-31 00751366 e:ShareCapital 2021-04-01 00751366 e:RevaluationReserve 2023-03-31 00751366 e:RevaluationReserve 2 2022-04-01 2023-03-31 00751366 e:RevaluationReserve 2022-03-31 00751366 e:RevaluationReserve 2021-04-01 00751366 e:RevaluationReserve 2 2021-04-01 2022-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2023-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2 2022-04-01 2023-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2022-03-31 00751366 e:RetainedEarningsAccumulatedLosses 2021-04-01 00751366 e:RetainedEarningsAccumulatedLosses 2 2021-04-01 2022-03-31 00751366 d:FRS102 2022-04-01 2023-03-31 00751366 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00751366 d:FullAccounts 2022-04-01 2023-03-31 00751366 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 00751366 2 2022-04-01 2023-03-31 00751366 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

00751366







TRENCH INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2023































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TRENCH INVESTMENTS LIMITED
REGISTERED NUMBER:00751366

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,682
3,155

Investment property
 5 
1,250,000
1,250,000

  
1,252,682
1,253,155

Current assets
  

Debtors: amounts falling due within one year
 6 
14,300
13,086

Current asset investments
 7 
156,073
163,541

Cash at bank and in hand
 8 
148,937
158,261

  
319,310
334,888

Creditors: amounts falling due within one year
 9 
(26,256)
(21,448)

Net current assets
  
 
 
293,054
 
 
313,440

Total assets less current liabilities
  
1,545,736
1,566,595

Provisions for liabilities
  

Deferred tax
 10 
(175,478)
(176,707)

  
 
 
(175,478)
 
 
(176,707)

Net assets
  
1,370,258
1,389,888


Capital and reserves
  

Called up share capital 
  
92
92

Fair value reserve
  
936,398
942,126

Profit and loss account
  
433,768
447,670

  
1,370,258
1,389,888


Page 1

TRENCH INVESTMENTS LIMITED
REGISTERED NUMBER:00751366
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 by: 




Mr C.J. Brooks
Director

Date: 6 October 2023

The notes on pages 4 to 10 form part of these financial statements.

Page 2

TRENCH INVESTMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Fair Value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
92
908,292
446,594
1,354,978


Comprehensive income for the year

Profit for the year
-
-
53,310
53,310

Dividends
-
-
(18,400)
(18,400)

Transfer between reserves
-
33,834
(33,834)
-



At 1 April 2022
92
942,126
447,670
1,389,888


Comprehensive income for the year

Loss for the year
-
-
(1,230)
(1,230)

Dividends
-
-
(18,400)
(18,400)

Transfer between reserves
-
(5,728)
5,728
-


At 31 March 2023
92
936,398
433,768
1,370,258


The notes on pages 4 to 10 form part of these financial statements.

Page 3

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

1.


General information

Trench Investments Limited is a limited company domiciled and incorporated in England and Wales.
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent,  TN4 8BS.  

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 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 financial statements have been presented in Pounds Sterling rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

Having taken into account all available information about cash flow requirements for 12 months from the date of approval of the financial statements and the current financial position of the company, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The director therefore deems it appropriate to prepare the financial statments on a going concern basis.

 
2.3

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:

Rental income is spread evenly over the period of the lease and is recognised as and when earned on an accruals basis.

Page 4

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

2.Accounting policies (continued)

 
2.4

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:

Fixtures and fittings
-
15%
reducing balance basis
Computer equipment
-
15%
reducing balance 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 profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.6

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.

 
2.7

Cash

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

 
2.8

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.

 
2.9

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.

Page 5

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

2.Accounting policies (continued)

 
2.10

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.11

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

 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.

 
2.13

 Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
6,778
829
7,607



At 31 March 2023

6,778
829
7,607



Depreciation


At 1 April 2022
4,270
182
4,452


Charge for the year on owned assets
376
97
473



At 31 March 2023

4,646
279
4,925



Net book value



At 31 March 2023
2,132
550
2,682



At 31 March 2022
2,508
647
3,155

Page 7

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,250,000



At 31 March 2023
1,250,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
143,412
143,412


6.


Debtors

2023
2022
£
£


Trade debtors
13,470
12,350

Prepayments and accrued income
830
736

14,300
13,086


Page 8

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

7.


Current asset investments

2023
2022
£
£

Listed investments
156,073
163,541

156,073
163,541


2023
2022
£
£


Opening fair value
163,541
162,720

Purchases
72,422
90,531

Sales
(72,933)
(89,218)

(Loss)/gain on remeasurement to fair value
(6,957)
(492)

Market value
156,073
163,541





8.


Cash

2023
2022
£
£

Cash at bank and in hand
148,937
158,260



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,730
8,307

Corporation tax
373
5,303

Other taxation and social security
-
2,105

Other creditors
57
57

Accruals and deferred income
6,096
5,676

26,256
21,448


Page 9

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

10.


Deferred taxation




2023


£






At beginning of year
(176,707)


Charged to profit or loss
1,229



At end of year
(175,478)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Estimate of tax due on revalued investment property
(175,478)
(176,707)

 
Page 10