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REGISTERED NUMBER: 00209304 (England and Wales)















WELSH THEOSOPHICAL TRUST LIMITED(THE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WELSH THEOSOPHICAL TRUST LIMITED(THE) (REGISTERED NUMBER: 00209304)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELSH THEOSOPHICAL TRUST LIMITED(THE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D Marsland
A E Shergold
J Winter





SECRETARY: D Marsland





REGISTERED OFFICE: 206 Newport Road
CARDIFF
County of Cardiff
CF24 1DL





REGISTERED NUMBER: 00209304 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

WELSH THEOSOPHICAL TRUST LIMITED(THE) (REGISTERED NUMBER: 00209304)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,484 3,894
Investments 5 49,216 48,308
52,700 52,202

CURRENT ASSETS
Debtors 6 2,690 2,069
Cash at bank 705 1,260
3,395 3,329
CREDITORS
Amounts falling due within one year 7 (2,401 ) (1,170 )
NET CURRENT ASSETS 994 2,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,694

54,361

PROVISIONS FOR LIABILITIES (6,018 ) (5,858 )
NET ASSETS 47,676 48,503

RESERVES
Non distributable reserve 23,602 22,855
Retained earnings 24,074 25,648
47,676 48,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





D Marsland - Director


WELSH THEOSOPHICAL TRUST LIMITED(THE) (REGISTERED NUMBER: 00209304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Welsh Theosophical Trust Limited(The) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings15% on reducing balance
Freehold Land and Buildings1.85% on straight line basis

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Investments
Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is provided on these gains at the rate expected to apply when the asset is sold.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

WELSH THEOSOPHICAL TRUST LIMITED(THE) (REGISTERED NUMBER: 00209304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Freehold Fixtures
Land and and
Buildings Fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 21,759 2,184 23,943
DEPRECIATION
At 1 January 2023 17,908 2,141 20,049
Charge for year 403 7 410
At 31 December 2023 18,311 2,148 20,459
NET BOOK VALUE
At 31 December 2023 3,448 36 3,484
At 31 December 2022 3,851 43 3,894

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 48,308
Revaluations 908
At 31 December 2023 49,216
NET BOOK VALUE
At 31 December 2023 49,216
At 31 December 2022 48,308

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 49,216

Listed investments are valued at the current bid price at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,690 2,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 2,401 1,170

WELSH THEOSOPHICAL TRUST LIMITED(THE) (REGISTERED NUMBER: 00209304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member undertakes to contribute not more than 50 pence if required in the event of the winding up of the company.

Membership of the Company is comprised of the Regional Secretary, Treasurer and other members of the Regional Council of the Theosophical Society in Wales and any Fellow of that Society admitted by the Directors.