Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false12023-02-01Buying and selling of own real estate1truetruefalse 06762959 2023-02-01 2024-01-31 06762959 2022-02-01 2023-01-31 06762959 2024-01-31 06762959 2023-01-31 06762959 c:Director1 2023-02-01 2024-01-31 06762959 d:MotorVehicles 2023-02-01 2024-01-31 06762959 d:MotorVehicles 2024-01-31 06762959 d:MotorVehicles 2023-01-31 06762959 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06762959 d:CurrentFinancialInstruments 2024-01-31 06762959 d:CurrentFinancialInstruments 2023-01-31 06762959 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06762959 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06762959 d:ShareCapital 2024-01-31 06762959 d:ShareCapital 2023-01-31 06762959 d:RetainedEarningsAccumulatedLosses 2024-01-31 06762959 d:RetainedEarningsAccumulatedLosses 2023-01-31 06762959 c:FRS102 2023-02-01 2024-01-31 06762959 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06762959 c:FullAccounts 2023-02-01 2024-01-31 06762959 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06762959 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06762959










TRIBEKA DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
TRIBEKA DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06762959

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,685
-

Current assets
  

Debtors: amounts falling due within one year
 5 
86,208
65,255

Cash at bank and in hand
  
111
1,671

  
86,319
66,926

Creditors: amounts falling due within one year
 6 
(191,108)
(151,656)

  

Net liabilities
  
(93,104)
(84,730)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(93,105)
(84,731)

  
(93,104)
(84,730)


Page 1

 
TRIBEKA DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06762959
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

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 15 October 2024.





J E Nuttall
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
TRIBEKA DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Tribeka Developments Limited is a private company limited by shares, incorporated in England and Wales (registered number: 06762959). Its registered office is 443 Handsworth Road, Handsworth, Sheffield, England, S13 9DD. The principal activity of the Company throughout the year continued to be that of property development.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 2024 the Company's liabilities exceeded its assets by £93,104 (2023: £84,730). 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

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
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 3

 
TRIBEKA DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of the 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 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.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

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 1 (2023 - 1).

Page 4

 
TRIBEKA DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
14,760



At 31 January 2024

14,760



Depreciation


Charge for the year on owned assets
3,075



At 31 January 2024

3,075



Net book value



At 31 January 2024
11,685



At 31 January 2023
-


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
3,270
93

Amounts owed by related undertakings
82,723
60,157

Other debtors
215
4,919

Prepayments and accrued income
-
86

86,208
65,255


Page 5

 
TRIBEKA DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,082
8,262

Amounts owed to group undertakings
184,825
142,294

Other creditors
1,201
1,100

191,108
151,656


 
Page 6