Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseLetting of real estate.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12680406 2023-09-01 2024-08-31 12680406 2022-09-01 2023-08-31 12680406 2024-08-31 12680406 2023-08-31 12680406 2022-09-01 12680406 c:Director1 2023-09-01 2024-08-31 12680406 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 12680406 d:FreeholdInvestmentProperty 2024-08-31 12680406 d:FreeholdInvestmentProperty 2023-08-31 12680406 d:CurrentFinancialInstruments 2024-08-31 12680406 d:CurrentFinancialInstruments 2023-08-31 12680406 d:Non-currentFinancialInstruments 2024-08-31 12680406 d:Non-currentFinancialInstruments 2023-08-31 12680406 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 12680406 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 12680406 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 12680406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 12680406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 12680406 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 12680406 d:ShareCapital 2023-09-01 2024-08-31 12680406 d:ShareCapital 2024-08-31 12680406 d:ShareCapital 2022-09-01 2023-08-31 12680406 d:ShareCapital 2023-08-31 12680406 d:ShareCapital 2022-09-01 12680406 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 12680406 d:RetainedEarningsAccumulatedLosses 2024-08-31 12680406 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 12680406 d:RetainedEarningsAccumulatedLosses 2023-08-31 12680406 d:RetainedEarningsAccumulatedLosses 2022-09-01 12680406 c:FRS102 2023-09-01 2024-08-31 12680406 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12680406 c:FullAccounts 2023-09-01 2024-08-31 12680406 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12680406 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 12680406









TRIUNE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
TRIUNE PROPERTIES LIMITED
REGISTERED NUMBER: 12680406

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
526,227
501,227

  
526,227
501,227

Current assets
  

Debtors: amounts falling due within one year
 5 
1,443
1,160

Cash at bank and in hand
 6 
4,321
4,907

  
5,764
6,067

Creditors: amounts falling due within one year
 7 
(133,141)
(127,917)

Net current liabilities
  
 
 
(127,377)
 
 
(121,850)

Total assets less current liabilities
  
398,850
379,377

Creditors: amounts falling due after more than one year
 8 
(376,762)
(376,732)

  

Net assets
  
22,088
2,645


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
21,988
2,545

  
22,088
2,645


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 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 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 on 24 March 2025.



Page 1

 
TRIUNE PROPERTIES LIMITED
REGISTERED NUMBER: 12680406
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


M R Stirling
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
TRIUNE PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2023
100
2,545
2,645


Comprehensive income for the year

Profit for the year

-
19,443
19,443


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
19,443
19,443


Total transactions with owners
-
-
-


At 31 August 2024
100
21,988
22,088


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
TRIUNE PROPERTIES LIMITED
 

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


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 September 2022
100
2,940
3,040


Comprehensive income for the year

Loss for the year

-
(395)
(395)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(395)
(395)


Total transactions with owners
-
-
-


At 31 August 2023
100
2,545
2,645


The notes on pages 5 to 8 form part of these financial statements.

Page 4

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

1.


General information

Triune Properties Limited ia company limited by shares, incorproated in England and Wales.

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 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 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

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.

 
2.4

Borrowing costs

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

 
2.5

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.

Page 5

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

2.Accounting policies (continued)

 
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 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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







2
2

Page 6

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
501,227


Additions at cost
25,000



At 31 August 2024
526,227

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



At 31 August 2024





5.


Debtors

2024
2023
£
£


Other debtors
100
100

Prepayments and accrued income
1,343
1,060

1,443
1,160



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,321
4,907

4,321
4,907


Page 7

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,549
1,302

Other creditors
126,191
118,870

Accruals and deferred income
4,401
7,745

133,141
127,917



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
376,762
376,732

376,762
376,732



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
376,762
376,732


376,762
376,732


376,762
376,732


 
Page 8