TRG UK Capital Limited - Period Ending 2020-12-31

TRG UK Capital Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

TRG UK Capital Limited

Company Information

Directors

Mr C A Rycroft Mr M A Rycroft Mr J A Rycroft

Company secretary

Mr J A Rycroft

Registered office

The Power House Hookstone Drive Harrogate North Yorkshire HG2 8PF

TRG UK Capital Limited

(Registration number: 11369686)
Balance Sheet as at 31 December 2020

	Note	2020 £	2019 £
Current assets
Debtors	5	257,075	192,205
Other financial assets	4	6,909,049	6,740,536
Cash at bank and in hand		100	100
		7,166,224	6,932,841
Creditors: Amounts falling due within one year	6	(305,059)	(208,598)
Net assets		6,861,165	6,724,243
Capital and reserves
Called up and fully paid share capital		6,607,137	6,607,137
Profit and loss account		254,028	117,106
Total equity		6,861,165	6,724,243

For the financial year ending 31 December 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.

Approved and authorised by the Board on 17 September 2021 and signed on its behalf by:
 

......................................... Mr C A Rycroft Director

TRG UK Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

1	General information

The Company is a private company limited by share capital incorporated in England and Wales. Details of the registered office are shown on page 1.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These financial statements have been prepared on a going concern basis, using the historical cost convention and in accordance with FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Going concern

The accounts have been prepared on a going concern basis.

The directors have considered the impact that Covid-19 has had on the performance of the business and, given the nature of business, no significant impact is anticipated.

Revenue recognition

Turnover comprises the fair value of the interest receivable on loans made in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and is recognised when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current income tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on timing differences between taxable profits and profits reported in the financial statements. Deferred tax is recognised on all timing differences at the reporting date and is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

TRG UK Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement. Equity instruments are those that entitle the holder to a residual interest in the Company's assets after deducting all of its liabilities.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary and preference shares, which are measured at fair value provided that this can be measured reliably. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) in the year, was 3 (2019 - 3).

TRG UK Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

4	Other financial assets (current and non-current)

	Financial assets at amortised cost £	Total £
Current financial assets
Cost or valuation
At 1 January 2020	6,740,536	6,740,536
Additions	168,513	168,513
At 31 December 2020	6,909,049	6,909,049
Impairment
Carrying amount
At 31 December 2020	6,909,049	6,909,049
At 31 December 2019	6,740,536	6,740,536

5

Debtors

	2020 £	2019 £
Amounts owed by group undertakings	192,075	192,205
Other debtors	65,000	-
	257,075	192,205

6

Creditors

	2020 £	2019 £
Due within one year
Taxation and social security	47,734	16,272
Other creditors	257,325	192,326
	305,059	208,598

TRG UK Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2020

7	Related party transactions

The Company has taken the exemption set out in FRS 102 from disclosing transactions with wholly owned group members.

Vida Hall Limited

Vida Hall Limited is a company of which Mr C A Rycroft and Mr J A Rycroft are directors. During the year, the company received an interest free loan from Vida Hall Limited which is repayable on demand. At the balance sheet date the amount owed to Vida Hall Limited was £85,825 (2019 - £85,825).

Vida Grange Limited

Vida Grange Limited is a company of which Mr C A Rycroft, Mr J A Rycroft and Mr M A Rycroft are directors. During the year, the company received an interest free loan from Vida Grange Limited which is repayable on demand. At the balance sheet date the amount owed to Vida Grange Limited was £106,500 (2019 - £106,500).

Vida Healthcare Ltd

Vida Healthcare Limited is a company of which Mr C A Rycroft and Mr J A Rycroft are directors. During the year, the company received an interest free loan from Vida Heathcare Limited which is repayable on demand. At the balance sheet date the amount owed to Vida Healthcare Limited was £65,000 (2019 - £nil).

8	Parent and ultimate parent undertaking

The company's immediate parent is Winston (UK) Limited, incorporated in England and Wales.

The most senior parent entity producing publicly available financial statements is Winston (UK) Limited. These finacnial statements are available upon request from Companies House.