Silverfin false true 31/07/2023 01/08/2022 31/07/2023 M A Alden 15/10/2021 F A M Kenny 01/02/2022 L M McQuade 01/02/2022 S V Mead 01/02/2022 K J Sadler 01/02/2022 H L Thomas 01/02/2022 S M C Tumelty 16/05/2021 27 November 2023 The principal activity of the Company during the financial period was that of a dormant company. 13400168 2023-07-31 13400168 bus:Director1 2023-07-31 13400168 bus:Director2 2023-07-31 13400168 bus:Director3 2023-07-31 13400168 bus:Director4 2023-07-31 13400168 bus:Director5 2023-07-31 13400168 bus:Director6 2023-07-31 13400168 bus:Director7 2023-07-31 13400168 2022-07-31 13400168 core:CurrentFinancialInstruments 2023-07-31 13400168 core:CurrentFinancialInstruments 2022-07-31 13400168 core:OtherCapitalReserve 2023-07-31 13400168 core:OtherCapitalReserve 2022-07-31 13400168 core:CostValuation 2022-07-31 13400168 core:CostValuation 2023-07-31 13400168 core:ProvisionsForImpairmentInvestments 2022-07-31 13400168 core:ProvisionsForImpairmentInvestments 2023-07-31 13400168 2022-08-01 2023-07-31 13400168 bus:FilletedAccounts 2022-08-01 2023-07-31 13400168 bus:SmallEntities 2022-08-01 2023-07-31 13400168 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 13400168 bus:CompanyLimitedByGuarantee 2022-08-01 2023-07-31 13400168 bus:Director1 2022-08-01 2023-07-31 13400168 bus:Director2 2022-08-01 2023-07-31 13400168 bus:Director3 2022-08-01 2023-07-31 13400168 bus:Director4 2022-08-01 2023-07-31 13400168 bus:Director5 2022-08-01 2023-07-31 13400168 bus:Director6 2022-08-01 2023-07-31 13400168 bus:Director7 2022-08-01 2023-07-31 13400168 2021-05-16 2022-07-31 iso4217:GBP xbrli:pure

Company No: 13400168 (England and Wales)

THE HR DEPT TRUST COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial period ended 31 July 2023
Pages for filing with the registrar

THE HR DEPT TRUST COMPANY LIMITED

Unaudited Financial Statements

For the financial period ended 31 July 2023

Contents

THE HR DEPT TRUST COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2023
THE HR DEPT TRUST COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2023
Note 31.07.2023 31.07.2022
£ £
Restated - note 2
Fixed assets
Investments 4 2,700,000 2,700,000
2,700,000 2,700,000
Creditors: amounts falling due within one year 5 ( 1,320,000) ( 1,920,000)
Net current liabilities (1,320,000) (1,920,000)
Total assets less current liabilities 1,380,000 780,000
Net assets 1,380,000 780,000
Reserves
Other reserves 1,380,000 780,000
Total reserves 1,380,000 780,000

The HR Dept Trust Company Limited (registered number: 13400168) did not trade during the current financial period and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial period and therefore no Statement of Changes of Equity has been included. For the financial period ending 31 July 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of The HR Dept Trust Company Limited (registered number: 13400168) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

K J Sadler
Director
THE HR DEPT TRUST COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 July 2023
THE HR DEPT TRUST COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

The HR Dept Trust Company Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Brook Park Office, Emersons Green, Bristol, BS16 7FL, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior period error

[Disclose the nature of the prior period error, and (if practicable);
(i) for each prior period presented, the amount of the correction for each financial statement line item affected; and
(ii) the amount of the correction at the beginning of the earliest prior period presented; or an explanation if it is not practicable to disclose these amounts for (i) and (ii).]

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Prior period adjustment

At the year ended 31 July 2023 there were no adjustments made with respect to an investment in a trading company. The consideration was partially paid and the amount outstanding remains as a creditor due to the former shareholders.

The prior year has been restated such that Investments have increased from £0 to £2,700,000, other loans increased from £0 to £1,920,000 and other reserves increased from £0 to £780,000.

As previously reported Adjustment As restated
Period ended 31 July 2022 £ £ £
Investment in Shares 0 2,700,000 2,700,000
Other Loans 0 (1,920,000) (1,920,000)
Other reserves 0 (780,000) (780,000)

3. Employees

Year ended
31.07.2023
Period from
16.05.2021 to
31.07.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 7 7

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 August 2022 2,700,000 2,700,000
At 31 July 2023 2,700,000 2,700,000
Provisions for impairment
At 01 August 2022 0 0
At 31 July 2023 0 0
Carrying value at 31 July 2023 2,700,000 2,700,000
Carrying value at 31 July 2022 2,700,000 2,700,000

5. Creditors: amounts falling due within one year

31.07.2023 31.07.2022
£ £
Other creditors 1,320,000 1,920,000

6. Liability of members

The members of the The HR Dept Trust Company Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.