Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01false2Buying and selling of own real estate2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06762616 2022-02-01 2023-01-31 06762616 2021-02-01 2022-01-31 06762616 2023-01-31 06762616 2022-01-31 06762616 c:Director1 2022-02-01 2023-01-31 06762616 d:PlantMachinery 2022-02-01 2023-01-31 06762616 d:PlantMachinery 2023-01-31 06762616 d:PlantMachinery 2022-01-31 06762616 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06762616 d:MotorVehicles 2022-02-01 2023-01-31 06762616 d:MotorVehicles 2023-01-31 06762616 d:MotorVehicles 2022-01-31 06762616 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06762616 d:FurnitureFittings 2022-02-01 2023-01-31 06762616 d:FurnitureFittings 2023-01-31 06762616 d:FurnitureFittings 2022-01-31 06762616 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06762616 d:OfficeEquipment 2022-02-01 2023-01-31 06762616 d:OfficeEquipment 2023-01-31 06762616 d:OfficeEquipment 2022-01-31 06762616 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06762616 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 06762616 d:CurrentFinancialInstruments 2023-01-31 06762616 d:CurrentFinancialInstruments 2022-01-31 06762616 d:Non-currentFinancialInstruments 2023-01-31 06762616 d:Non-currentFinancialInstruments 2022-01-31 06762616 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06762616 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 06762616 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 06762616 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 06762616 d:ShareCapital 2023-01-31 06762616 d:ShareCapital 2022-01-31 06762616 d:RetainedEarningsAccumulatedLosses 2023-01-31 06762616 d:RetainedEarningsAccumulatedLosses 2022-01-31 06762616 c:FRS102 2022-02-01 2023-01-31 06762616 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 06762616 c:FullAccounts 2022-02-01 2023-01-31 06762616 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 06762616










TRIBEKA INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
TRIBEKA INVESTMENTS LIMITED
REGISTERED NUMBER: 06762616

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,680
4,128

Current assets
  

Debtors: amounts falling due within one year
 5 
282,502
236,695

Cash at bank and in hand
  
616
137

  
283,118
236,832

Creditors: amounts falling due within one year
 6 
(1,038,369)
(945,056)

Net current liabilities
  
 
 
(755,251)
 
 
(708,224)

Creditors: amounts falling due after more than one year
 7 
(10,175)
(11,333)

  

Net liabilities
  
(761,746)
(715,429)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(761,747)
(715,430)

  
(761,746)
(715,429)


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 statement of income and retained earnings 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 17 October 2023.

J E Nuttall
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
TRIBEKA INVESTMENTS LIMITED
REGISTERED NUMBER: 06762616
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023


Page 2

 
TRIBEKA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Tribeka Investments Limited is a private company limited by shares, incorporated in England and Wales (registered number: 06762616). Its registered office is 443 Handsworth Road, Handsworth, Sheffield, England, S13 9DD. The principal activities of the Company throughout the year continued to be that of property purchase, building and management.  

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 pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Going concern

At 31 January 2023 the Company's liabilities exceeded its assets by £761,746 (2022: £715,429). The ability of the Company to meet its liabilities as they fall due is dependent on the future probability and cash generation of the Company. The directors are confident that the Company will be able to pay its debts as they fall due and accordingly these accounts are prepared 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Page 3

 
TRIBEKA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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, as follows.

The depreciation rates used are:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
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.

Page 4

 
TRIBEKA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.


3.


Employees

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

Page 5

 
TRIBEKA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 February 2022
4,779
612
180
5,200
10,771


Additions
531
-
-
-
531


Disposals
-
-
-
(75)
(75)



At 31 January 2023

5,310
612
180
5,125
11,227



Depreciation


At 1 February 2022
2,752
-
162
3,729
6,643


Charge for the year on owned assets
593
-
5
363
961


Disposals
-
-
-
(57)
(57)



At 31 January 2023

3,345
-
167
4,035
7,547



Net book value



At 31 January 2023
1,965
612
13
1,090
3,680



At 31 January 2022
2,027
612
18
1,471
4,128


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
181,613
193,589

Amounts owed by related undertakings
93,134
27,731

Other debtors
7,755
15,375

282,502
236,695


Page 6

 
TRIBEKA INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
9

Bank loans
1,607
3,400

Trade creditors
14,078
24,768

Amounts owed to group undertakings
1,017,364
907,501

Other creditors
5,320
9,378

1,038,369
945,056



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,175
11,333


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
3,749
-




8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £481 (2022: £775). Contributions totalling £105 (2022: £78) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7