0 4 April 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC008766 2022-10-01 2023-09-30 SC008766 2023-09-30 SC008766 2022-09-30 SC008766 2021-10-01 2022-09-30 SC008766 2022-09-30 SC008766 2021-09-30 SC008766 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC008766 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 SC008766 bus:Director2 2022-10-01 2023-09-30 SC008766 core:WithinOneYear 2023-09-30 SC008766 core:WithinOneYear 2022-09-30 SC008766 core:ShareCapital 2023-09-30 SC008766 core:ShareCapital 2022-09-30 SC008766 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC008766 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC008766 bus:SmallEntities 2022-10-01 2023-09-30 SC008766 bus:Audited 2022-10-01 2023-09-30 SC008766 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC008766 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC008766 bus:FullAccounts 2022-10-01 2023-09-30 SC008766 bus:OrdinaryShareClass1 2023-09-30 SC008766 bus:OrdinaryShareClass1 2022-09-30 SC008766 bus:OrdinaryShareClass2 2023-09-30 SC008766 bus:OrdinaryShareClass2 2022-09-30 SC008766 bus:AllOrdinaryShares 2023-09-30 SC008766 bus:AllOrdinaryShares 2022-09-30
COMPANY REGISTRATION NUMBER: SC008766
Albyn Trust Limited
Filleted Financial Statements
For the year ended
30 September 2023
Albyn Trust Limited
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
£
Current assets
Cash at bank and in hand
5,329
5,295
Creditors: amounts falling due within one year
4
9
2
-------
-------
Net current assets
5,320
5,293
-------
-------
Total assets less current liabilities
5,320
5,293
-------
-------
Capital and reserves
Called up share capital
5
5,000
5,000
Profit and loss account
320
293
-------
-------
Shareholders funds
5,320
5,293
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 29 March 2024 , and are signed on behalf of the board by:
J M Chittleburgh
Director
Company registration number: SC008766
Albyn Trust Limited
Notes to the Financial Statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 61 Dublin Street, Edinburgh, EH3 6NL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern The financial statements have been prepared on a going concern basis. The directors have assessed the Company's ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other debtors and cash at bank are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Basic financial liabilities, which include trade and other creditors are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
9
2
----
----
5. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
4,900
4,900
4,900
4,900
Deferred shares of £ 1 each
100
100
100
100
-------
-------
-------
-------
5,000
5,000
5,000
5,000
-------
-------
-------
-------
6. Summary audit opinion
The auditor's report dated 4 April 2024 was unqualified .
The senior statutory auditor was Geoffrey Cox BA FCA , for and on behalf of Dafferns LLP .
7. Controlling party
The immediate and ultimate parent undertaking is Chiene + Tait LLP , a limited liability partnership incorporated in Scotland, whose registered office address is 61 Dublin Street, Edinburgh, EH3 6NL . Group financial statements are available from Companies House.