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REGISTERED NUMBER: 01392103 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 NOVEMBER 2023

FOR

BRITANNIC TRUSTEES LIMITED

BRITANNIC TRUSTEES LIMITED (REGISTERED NUMBER: 01392103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 NOVEMBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


BRITANNIC TRUSTEES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 22 NOVEMBER 2023







DIRECTORS: Mrs P R Sachdev
Mr R G Sachdev





SECRETARY: Mrs J Baskaran





REGISTERED OFFICE: Regent House
Allum Gate
Theobald Street, Elstree
Borehamwood
Hertfordshire
WD6 4RS





REGISTERED NUMBER: 01392103 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRITANNIC TRUSTEES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Britannic Trustees Limited for the year ended 22 November 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Britannic Trustees Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Britannic Trustees Limited and state those matters that we have agreed to state to the Board of Directors of Britannic Trustees Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Britannic Trustees Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Britannic Trustees Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Britannic Trustees Limited. You consider that Britannic Trustees Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Britannic Trustees Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


20 August 2024

BRITANNIC TRUSTEES LIMITED (REGISTERED NUMBER: 01392103)

BALANCE SHEET
22 NOVEMBER 2023

22/11/23 22/11/22
Notes £ £ £ £
FIXED ASSETS
Investments 4 200,002 200,002

CURRENT ASSETS
Debtors 5 1,445,444 1,379,698
Cash at bank 429 1,231
1,445,873 1,380,929
CREDITORS
Amounts falling due within one year 6 413,110 348,110
NET CURRENT ASSETS 1,032,763 1,032,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,232,765

1,232,821

CAPITAL AND RESERVES
Called up share capital 513,465 513,465
Share premium 57,538 57,538
Retained earnings 661,762 661,818
SHAREHOLDERS' FUNDS 1,232,765 1,232,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 22 November 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr R G Sachdev - Director


BRITANNIC TRUSTEES LIMITED (REGISTERED NUMBER: 01392103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 NOVEMBER 2023


1. STATUTORY INFORMATION

Britannic Trustees Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Britannic Trustees Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fair value reserve
Surpluses arising from the valuation of properties are transferred to the fair value reserve. Deficits are eliminated against any fairvalue reserve in respect of that income generating unit with any excess, to the extent that it represents an impairment, being charged to the statement of comprehensive income. Surpluses or deficits realised on the disposal of an asset are transferred from the fair value reserve to the profit and loss account.

Fixed asset invesments
Fixed asset investments are shown at cost less any provisions.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

BRITANNIC TRUSTEES LIMITED (REGISTERED NUMBER: 01392103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 NOVEMBER 2023


4. FIXED ASSET INVESTMENTS

22/11/23 22/11/22
£ £
Shares in group undertakings 2 2
Other loans 200,000 200,000
200,002 200,002

Additional information is as follows:
Shares in
group
undertakings
£
COST
At 23 November 2022
and 22 November 2023 2
NET BOOK VALUE
At 22 November 2023 2
At 22 November 2022 2
Other loans
£
At 23 November 2022
and 22 November 2023 200,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22/11/23 22/11/22
£ £
Amounts owed by group undertakings 1,445,444 1,379,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22/11/23 22/11/22
£ £
Directors' current accounts 413,110 348,110

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 22 November 2023 and 22 November 2022:

22/11/23 22/11/22
£ £
Mr R G Sachdev and Mrs P R Sachdev
Balance outstanding at start of year (348,110 ) (348,110 )
Amounts advanced (65,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (413,110 ) (348,110 )

BRITANNIC TRUSTEES LIMITED (REGISTERED NUMBER: 01392103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 NOVEMBER 2023


8. RELATED PARTY DISCLOSURES

The following amounts are due (to) / from:
2023 2022
£ £
Britannic Property Developments Limited 1,445,444 1,379,698
========== ========

9. ULTIMATE CONTROLLER

The directors are the ultimate controllers as they hold all the issued share capital of the company.