COAL PENSION TRUSTEES SERVICES LIMITED

Company Registration Number:
02952260 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

COAL PENSION TRUSTEES SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

COAL PENSION TRUSTEES SERVICES LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 165,958 202,524
Investments: 4 100 100
Total fixed assets: 166,058 202,624
Current assets
Debtors:   3,131,297 2,147,530
Cash at bank and in hand: 484,138 524,052
Total current assets: 3,615,435 2,671,582
Creditors: amounts falling due within one year:   (3,419,734) (2,431,932)
Net current assets (liabilities): 195,701 239,650
Total assets less current liabilities: 361,759 442,274
Provision for liabilities: (357,854) (438,369)
Total net assets (liabilities): 3,905 3,905
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,805 3,805
Shareholders funds: 3,905 3,905

The notes form part of these financial statements

COAL PENSION TRUSTEES SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: Cheryl Agius
Status: Director

The notes form part of these financial statements

COAL PENSION TRUSTEES SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COAL PENSION TRUSTEES SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 41 41

COAL PENSION TRUSTEES SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 894,059
Additions 5,098
At 31 March 2023 899,157
Depreciation
At 01 April 2022 691,535
Charge for year 41,664
At 31 March 2023 733,199
Net book value
At 31 March 2023 165,958
At 31 March 2022 202,524

COAL PENSION TRUSTEES SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed investments

The Company’s investment in subsidiary represents the cost of acquisition of the whole of the ordinary share capital of Coal Pension Trustees Investment Limited (CPTI) which provides investment advice to the Schemes. CPTI has the same registered office as the Company.At 31 March 2023 the share capital and reserves of CPTI amounted to £100 (2022: £100). CPTI assets include a long term interest free loan granted to the parent company for payment of the share capital. The date of repayment will be determined by CPTI but it is not expected to be in the foreseeable future.

COAL PENSION TRUSTEES SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Financial commitments

The Company has total commitments at 31 March 2023 of £1,423,691 (2022: £1,620,690).