Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31true2023-09-01falseBuying and selling of real estate22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09316532 2023-09-01 2024-08-31 09316532 2022-09-01 2023-08-31 09316532 2024-08-31 09316532 2023-08-31 09316532 c:Director1 2023-09-01 2024-08-31 09316532 d:ComputerEquipment 2023-09-01 2024-08-31 09316532 d:ComputerEquipment 2024-08-31 09316532 d:ComputerEquipment 2023-08-31 09316532 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 09316532 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 09316532 d:FreeholdInvestmentProperty 2024-08-31 09316532 d:FreeholdInvestmentProperty 2023-08-31 09316532 d:CurrentFinancialInstruments 2024-08-31 09316532 d:CurrentFinancialInstruments 2023-08-31 09316532 d:Non-currentFinancialInstruments 2024-08-31 09316532 d:Non-currentFinancialInstruments 2023-08-31 09316532 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 09316532 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09316532 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 09316532 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 09316532 d:ShareCapital 2024-08-31 09316532 d:ShareCapital 2023-08-31 09316532 d:RetainedEarningsAccumulatedLosses 2024-08-31 09316532 d:RetainedEarningsAccumulatedLosses 2023-08-31 09316532 c:FRS102 2023-09-01 2024-08-31 09316532 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09316532 c:FullAccounts 2023-09-01 2024-08-31 09316532 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09316532 d:OtherDeferredTax 2024-08-31 09316532 d:OtherDeferredTax 2023-08-31 09316532 2 2023-09-01 2024-08-31 09316532 6 2023-09-01 2024-08-31 09316532 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 09316532









TRIUNE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
TRIUNE LIMITED
REGISTERED NUMBER: 09316532

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
49

Investments
 5 
102
104

Investment property
 6 
1,350,000
1,375,000

  
1,350,102
1,375,153

Current assets
  

Debtors: amounts falling due within one year
 7 
404,273
400,817

Cash at bank and in hand
 8 
5,756
16,794

  
410,029
417,611

Creditors: amounts falling due within one year
 9 
(683,875)
(692,563)

Net current liabilities
  
 
 
(273,846)
 
 
(274,952)

Total assets less current liabilities
  
1,076,256
1,100,201

Creditors: amounts falling due after more than one year
 10 
(1,028,997)
(1,029,047)

Provisions for liabilities
  

Deferred tax
 11 
(41,604)
(41,604)

  
 
 
(41,604)
 
 
(41,604)

Net assets
  
5,655
29,550


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
5,355
29,250

  
5,655
29,550


Page 1

 
TRIUNE LIMITED
REGISTERED NUMBER: 09316532
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

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 statement of comprehensive income 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: 




................................................
M R Stirling
Director

Date: 24 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Triune Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company was that of property 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 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Computer equipment
-
33%
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

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 September 2023
455



At 31 August 2024

455



Depreciation


At 1 September 2023
406


Charge for the year on owned assets
49



At 31 August 2024

455



Net book value



At 31 August 2024
-



At 31 August 2023
49


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
104


Disposals
(2)



At 31 August 2024
102




Page 6

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
1,375,000


Additions at cost
(25,000)



At 31 August 2024
1,350,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Other debtors
404,273
400,817

404,273
400,817



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,756
16,794

Less: bank overdrafts
-
(452)

5,756
16,342


Page 7

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
452

Trade creditors
-
144

Amounts owed to group undertakings
102
103

Other creditors
683,773
681,864

Accruals and deferred income
-
10,000

683,875
692,563



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,028,997
1,029,047

1,028,997
1,029,047



11.


Deferred taxation




2024


£






At beginning of year
(41,604)



At end of year
(41,604)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On revaluation of investment properties
(41,604)
(41,604)

(41,604)
(41,604)

Page 8

 
TRIUNE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Related party transactions

At the balance sheet date the company was owed £404,021 (2023: £397,240) by companies under common control.

 
Page 9