Silverfin false false 31/05/2024 01/06/2023 31/05/2024 J P D Burmester 08/05/2007 D G Gidney 10/11/2014 D M Hackwood 18/11/2010 D J Mace 08/05/2007 L M Pike 27/11/2020 16 August 2024 The principal activity of the Company during the financial year was to act as sole trustee to two different Trusts. 06239513 2024-05-31 06239513 bus:Director1 2024-05-31 06239513 bus:Director2 2024-05-31 06239513 bus:Director3 2024-05-31 06239513 bus:Director4 2024-05-31 06239513 bus:Director5 2024-05-31 06239513 core:CurrentFinancialInstruments 2024-05-31 06239513 core:CurrentFinancialInstruments 2023-05-31 06239513 2023-05-31 06239513 2023-06-01 2024-05-31 06239513 bus:FilletedAccounts 2023-06-01 2024-05-31 06239513 bus:SmallEntities 2023-06-01 2024-05-31 06239513 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06239513 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 06239513 bus:Director1 2023-06-01 2024-05-31 06239513 bus:Director2 2023-06-01 2024-05-31 06239513 bus:Director3 2023-06-01 2024-05-31 06239513 bus:Director4 2023-06-01 2024-05-31 06239513 bus:Director5 2023-06-01 2024-05-31 06239513 2022-06-01 2023-05-31 06239513 core:CurrentFinancialInstruments 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Company No: 06239513 (England and Wales)

BAYLIS TRUSTEE COMPANY LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BAYLIS TRUSTEE COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BAYLIS TRUSTEE COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
BAYLIS TRUSTEE COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
2024 2023
£ £
Current assets
Debtors 3 61,643 48,647
Cash at bank and in hand 32,771 18,392
94,414 67,039
Creditors: amounts falling due within one year 4 ( 94,414) ( 67,039)
Net current assets 0 0
Total assets less current liabilities 0 0
Net assets 0 0
Reserves
Total reserves 0 0

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Baylis Trustee Company Limited (registered number: 06239513) were approved and authorised for issue by the Board of Directors on 16 August 2024. They were signed on its behalf by:

D M Hackwood
Director
BAYLIS TRUSTEE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BAYLIS TRUSTEE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

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.

General information and basis of accounting

Baylis Trustee 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 C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Debtors

2024 2023
£ £
Prepayments and accrued income 61,643 48,647

4. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals and deferred income 61,631 48,642
Other taxation and social security 32,283 17,897
Other creditors 500 500
94,414 67,039

There are no amounts included above in respect of which any security has been given by the small entity.

5. Liability of members

The members of the Baylis Trustee Company Limited have undertaken to contribute a sum not exceeding £10 each to meet the liabilities of the Company if it should be wound up.

6. Related party transactions

Throughout the year the company has been the sole trustee of two trusts and during the year recharged the following costs: £411,098 (2023 - £280,672).