Company No:
Contents
The Company did not trade during the current financial year or the preceding financial year and received no income and incurred no expenditure. Consequently, in the current financial year or the preceding financial year the Company made neither a profit nor a loss and there were no movements in retained earnings.
2024 | 2023 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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6 | 6 | |||
Net current assets | 6 | 6 | ||
Total assets less current liabilities | 6 | 6 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 4 |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Cutts Trustees Limited (registered number:
Mr N H W Gooch
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire
SP3 4UF
These financial statements were authorised for issue by the Board on 11 March 2024.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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2024 | 2023 | ||
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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