Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302025-05-202023-07-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11671748 2023-07-01 2024-06-30 11671748 2022-07-01 2023-06-30 11671748 2024-06-30 11671748 2023-06-30 11671748 c:Director1 2023-07-01 2024-06-30 11671748 d:Buildings 2023-07-01 2024-06-30 11671748 d:Buildings 2024-06-30 11671748 d:Buildings 2023-06-30 11671748 d:CurrentFinancialInstruments 2024-06-30 11671748 d:CurrentFinancialInstruments 2023-06-30 11671748 d:Non-currentFinancialInstruments 2024-06-30 11671748 d:Non-currentFinancialInstruments 2023-06-30 11671748 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11671748 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11671748 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11671748 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11671748 d:ShareCapital 2024-06-30 11671748 d:ShareCapital 2023-06-30 11671748 d:RetainedEarningsAccumulatedLosses 2024-06-30 11671748 d:RetainedEarningsAccumulatedLosses 2023-06-30 11671748 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11671748 c:OrdinaryShareClass1 2024-06-30 11671748 c:OrdinaryShareClass1 2023-06-30 11671748 c:OrdinaryShareClass2 2023-07-01 2024-06-30 11671748 c:OrdinaryShareClass2 2024-06-30 11671748 c:OrdinaryShareClass2 2023-06-30 11671748 c:OrdinaryShareClass3 2023-07-01 2024-06-30 11671748 c:OrdinaryShareClass3 2024-06-30 11671748 c:OrdinaryShareClass3 2023-06-30 11671748 c:OrdinaryShareClass4 2023-07-01 2024-06-30 11671748 c:OrdinaryShareClass4 2024-06-30 11671748 c:OrdinaryShareClass4 2023-06-30 11671748 c:OrdinaryShareClass5 2023-07-01 2024-06-30 11671748 c:OrdinaryShareClass5 2024-06-30 11671748 c:OrdinaryShareClass5 2023-06-30 11671748 c:FRS102 2023-07-01 2024-06-30 11671748 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11671748 c:FullAccounts 2023-07-01 2024-06-30 11671748 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11671748 d:Subsidiary1 2023-07-01 2024-06-30 11671748 d:Subsidiary1 1 2023-07-01 2024-06-30 11671748 d:Subsidiary2 2023-07-01 2024-06-30 11671748 d:Subsidiary2 1 2023-07-01 2024-06-30 11671748 d:Subsidiary3 2023-07-01 2024-06-30 11671748 d:Subsidiary3 1 2023-07-01 2024-06-30 11671748 d:Subsidiary4 2023-07-01 2024-06-30 11671748 d:Subsidiary4 1 2023-07-01 2024-06-30 11671748 d:Subsidiary5 2023-07-01 2024-06-30 11671748 d:Subsidiary5 1 2023-07-01 2024-06-30 11671748 d:Subsidiary6 2023-07-01 2024-06-30 11671748 d:Subsidiary6 1 2023-07-01 2024-06-30 11671748 d:Subsidiary7 2023-07-01 2024-06-30 11671748 d:Subsidiary7 1 2023-07-01 2024-06-30 11671748 d:Subsidiary8 2023-07-01 2024-06-30 11671748 d:Subsidiary8 1 2023-07-01 2024-06-30 11671748 d:WithinOneYear 2024-06-30 11671748 d:WithinOneYear 2023-06-30 11671748 d:BetweenOneFiveYears 2024-06-30 11671748 d:BetweenOneFiveYears 2023-06-30 11671748 5 2023-07-01 2024-06-30 11671748 6 2023-07-01 2024-06-30 11671748 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11671748









THRIPLOW GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
THRIPLOW GROUP LTD
REGISTERED NUMBER: 11671748

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023 Restated
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,175,422
1,139,489

Investments
 5 
301
502

  
1,175,723
1,139,991

Current assets
  

Debtors: amounts falling due within one year
 6 
-
107,187

Cash at bank
  
97
1,745

Current liabilities
  
97
108,932

Creditors: amounts falling due within one year
 7 
(83,672)
(241,231)

Net current liabilities
  
 
 
(83,575)
 
 
(132,299)

Total assets less current liabilities
  
1,092,148
1,007,692

Creditors: amounts falling due after more than one year
 8 
(189,371)
(190,359)

  

Net assets
  
902,777
817,333


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
902,677
817,233

  
902,777
817,333


Page 1

 
THRIPLOW GROUP LTD
REGISTERED NUMBER: 11671748

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 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 by: 




................................................
Mr S D Emmett
Director

Date: 20 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Thriplow Group Ltd is a private Company limited by shares, incorporated in England and Wales. The address of the registered office is given on the company information page of these financial statements. This Company is part of a group.

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 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

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.

 
2.3

Borrowing costs

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

 
2.4

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.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

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

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

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

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Freehold property

£



Valuation


At 1 July 2023
1,139,489


Additions
35,933



At 30 June 2024

1,175,422






Net book value



At 30 June 2024
1,175,422



At 30 June 2023 (restated)
1,139,489

Cost or valuation at 30 June 2024 is as follows:

Land and buildings
£


At cost
693,040
At valuation:

Revaluation
482,382



1,175,422

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
693,040
693,040

Net book value
693,040
693,040

Page 6

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 July 2023 (as previously stated)
202


Prior Year Adjustment

300


At 1 July 2023 (as restated)
502


Additions
100



At 30 June 2024

602



Impairment


Charge for the period
301



At 30 June 2024

301



Net book value



At 30 June 2024
301



At 30 June 2023 (as restated)
502

Page 7

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Thriplow Sweepers Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
D.E. Plant Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
Thriplow Commercials Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
Thriplow Safety Systems Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
Luna Select Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
Thriplow Solutions Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
TACE Highways Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%
Thriplow Zero Ltd
Thriplow Group Gravel Pit Hill, Thriplow, Royston, SG8 7HZ
Ordinary
100%

Page 8

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
As restated 2023
£
£


Other debtors
-
107,187



7.


Creditors: Amounts falling due within one year

2024
As restated 2023
£
£

Bank loans
8,331
8,331

Trade creditors
23,940
-

Amounts owed to group undertakings
400
187,900

Other creditors
45,000
45,000

Accruals
6,001
-

83,672
241,231



8.


Creditors: Amounts falling due after more than one year

2024
As restated 2023
£
£

Bank loans
189,371
190,359


A negative pledge is in place against the Land on the North East Side of Gravel Pit Hill, Thriplow, Royston, SG8 7HZ. The negative pledge is in relation to bank loans totalling £197,703 (2023 - £198,690).


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,996 (2023 - 9,996) Ordinary A shares of £0.01 each
100
100
1 (2023 - 1) Ordinary B share of £0.01
-
-
1 (2023 - 1) Ordinary C share of £0.01
-
-
1 (2023 - 1) Ordinary D share of £0.01
-
-
1 (2023 - 1) Ordinary E share of £0.01
-
-

100

100


Page 9

 
THRIPLOW GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Prior year adjustment

Prior year adjustments have been made in respect to the following errors:
Property and property improvements have previously been incorrectly included in D.E. Plant Limited and have therefore been transferred to Thriplow Group Ltd. Depreciation on these assets has been reversed to reflect the change in accounting policy between D.E. Plant Limited & Thriplow Group Ltd. As part of the adjustment the property has been revalued.
Share capital relating to the investment in subsidiaries has been omitted from previous financial statements.
Recognition of dividends received from Group Companies in previous periods and dividends declared to shareholders.
The correction of the above errors have resulted in the following effects on the figures within the financial statements:
£300 increase in investments.
£657,877 increase in freehold property.
£35,000 decrase in debtors.
£132,800 increase in creditors.
£490,377 increase in retained earnings.


11.


Commitments under operating leases

At 30 June 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
25,000
8,333

Later than 1 year and not later than 5 years
8,333
-

33,333
8,333


12.


Related party transactions

Creditors includes an amount of £45,000 (2023 - £45,000) owed to a shareholder.
The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not
disclosed transactions with wholly owned subsidiary undertakings


Page 10