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REGISTERED NUMBER: 14009975 (England and Wales)












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 100

CREDITORS
Amounts falling due within one year (43,882 )
NET CURRENT LIABILITIES (43,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,782

)

CAPITAL AND RESERVES (43,782 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Advanced Systems Understanding Trustee Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14009975

Registered office: The Gardener's Store
Bath Road
Box House Estate
Corsham
Wiltshire
SN13 8AA

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 company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





Ms C Nicholson - Director