REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
29 March 2022 to 31 March 2023 |
for |
Advanced Systems Understanding Trustee |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
29 March 2022 to 31 March 2023 |
for |
Advanced Systems Understanding Trustee |
Limited |
Advanced Systems Understanding Trustee |
Limited (Registered number: 14009975) |
Contents of the Financial Statements |
for the Period 29 March 2022 to 31 March 2023 |
Page |
Balance Sheet | 1 |
Advanced Systems Understanding Trustee |
Limited (Registered number: 14009975) |
Balance Sheet |
31 March 2023 |
£ |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
Advanced Systems Understanding Trustee Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | OFF-BALANCE SHEET ARRANGEMENTS |
At the reporting date the company held 52% of the total share capital of Advanced Systems Understanding Ltd on trust on behalf of the employees of Advanced Systems Understanding Ltd. These shares are not recognised on the balance sheet as the company does not control the resource and economic benefits of the resource do not flow to the company. Therefore the shares do not meet the definition of a financial asset as set out in the conceptual framework for financial reporting. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the period was NIL. |
Advanced Systems Understanding Trustee |
Limited (Registered number: 14009975) |
Balance Sheet - continued |
31 March 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
4. | OTHER FINANCIAL COMMITMENTS |
In exchange for the shares in Advanced Systems Understanding Ltd, the company has a liability of £908,100 which will be paid as follows: |
1x £57,600 - 31 August 2023 |
1x £226,800 - 1 October 2023 |
33x £18,900 - monthly from 1 November 2023 |
This has also not been recognised on the balance sheet. |
5. | BASIS OF PREPARATION |
The financial statements have been prepared on a basis other than going concern as the directors intend to wind up the company within 12 months of the year end. The financial commitments in note 4 will be taken on by a new corporate trustee when the company is wound up. |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |