Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue02022-07-04Investment holding0falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14213662 2022-07-03 14213662 2022-07-04 2022-12-31 14213662 2021-07-04 2022-07-03 14213662 2022-12-31 14213662 1 2022-07-04 2022-12-31 14213662 d:Director1 2022-07-04 2022-12-31 14213662 c:CurrentFinancialInstruments 2022-12-31 14213662 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 14213662 c:ShareCapital 2022-12-31 14213662 c:RetainedEarningsAccumulatedLosses 2022-12-31 14213662 d:OrdinaryShareClass1 2022-07-04 2022-12-31 14213662 d:OrdinaryShareClass1 2022-12-31 14213662 d:OrdinaryShareClass2 2022-07-04 2022-12-31 14213662 d:OrdinaryShareClass2 2022-12-31 14213662 d:OrdinaryShareClass3 2022-07-04 2022-12-31 14213662 d:OrdinaryShareClass3 2022-12-31 14213662 d:OrdinaryShareClass4 2022-07-04 2022-12-31 14213662 d:OrdinaryShareClass4 2022-12-31 14213662 d:FRS102 2022-07-04 2022-12-31 14213662 d:AuditExempt-NoAccountantsReport 2022-07-04 2022-12-31 14213662 d:FullAccounts 2022-07-04 2022-12-31 14213662 d:PrivateLimitedCompanyLtd 2022-07-04 2022-12-31 14213662 6 2022-07-04 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14213662










TRINITY HOLDCO (CW) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
TRINITY HOLDCO (CW) LIMITED
REGISTERED NUMBER: 14213662

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investments
 4 
1

  
1

Current assets
  

Debtors: amounts falling due within one year
 5 
16,034,093

Cash at bank and in hand
 6 
2,167,228

  
18,201,321

Creditors: amounts falling due within one year
 7 
(1,825,105)

Net current assets
  
 
 
16,376,216

Total assets less current liabilities
  
16,376,217

  

Net assets
  
16,376,217


Capital and reserves
  

Called up share capital 
 8 
17,168,908

Profit and loss account
  
(792,691)

  
16,376,217


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 on 16 October 2023.




Page 1

 
TRINITY HOLDCO (CW) LIMITED
REGISTERED NUMBER: 14213662
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

Nicholas Harry Jacobs
Director

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

Page 2

 
TRINITY HOLDCO (CW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Trinity Holdco (CW) Limited is a private limited company incorporated in England with the company number 14213662. The financial statements are for the period from incorporation to 31 December 2022.

The Company's registered office is 9th Floor 80 Mosley Street, Manchester, England, M2 3FX.

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 following principal accounting policies have been applied:

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

These financial statements have been prepared on a going concern basis. The Company is dependent upon the continued financial support of the shareholder to continue operating and to meet its liabilities as they fall due. The shareholder agrees to continue to provide financial support to the Company and not to call on the shareholder loan until such a time as the Company is in a position to repay the loan. Accordingly the directors have prepared the accounts under the going concern concept.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

  
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional currency is pound sterling in which the financial statements are presented. This is rounded to the nearest pound.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
TRINITY HOLDCO (CW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

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.

  
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured a the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payments isdue within one year of less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Page 4

 
TRINITY HOLDCO (CW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1



At 31 December 2022
1




In July 2022, the company acquired the entire share capital of Trinity Interco (CW) Limited for a consideration of £1.


5.


Debtors

2022
£


Amounts owed by group undertakings
10,982,031

Other debtors
5,052,062

16,034,093


Please refer to note 10 for breakdown of amounts owed by group undertakings.

Page 5

 
TRINITY HOLDCO (CW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
2,167,228

2,167,228



7.


Creditors: Amounts falling due within one year

2022
£

Trade creditors
547,785

Shareholder loans
500,000

Other creditors
532,486

Accruals and deferred income
244,834

1,825,105


Please refer to note 10 for breakdown of shareholder loans.


8.


Share capital

2022
£
Allotted, called up and fully paid


2,865,033 A1 Ordinary shares of £1.0000 each
2,865,033
14,300,000 B Preferred share shares of £1.0000 each
14,300,000
18,400 C Ordinary shares of £0.0001 each
2
3,873 A2 Ordinary shares of £1.0000 each
3,873

17,168,908




Page 6

 
TRINITY HOLDCO (CW) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

9.


Related party transactions

Included in debtors is £10,982,031 owed from Trinity Interco (CW) Limited, the Company's sole subsidiary.  The loan is interest free, unsecured and repayable on demand. 

Included in creditors is £500,000 owed to Trinity Finco (CW) Limited, one of the Company's existing shareholders. This is an interest free loan, unsecured and repayable on demand. 

There were no other related party transactions outside the normal course of business.


10.


Post balance sheet events

On 18 April 2023, the Company a further 1.06m £1 B preferred shares.


11.


Controlling party

As at the year end date, Trinity Holdco (CW) Limited is owned by Taurus Trinity Limited and Trinity Finco (CW) Limited, both of which are incorporated in the United Kingdom. 

The ultimate controlling party is considered to be Taurus Trinity Limited due to its majority shareholding.

Page 7