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REGISTERED NUMBER: 07241303 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SUPERTRUST LIMITED

SUPERTRUST LIMITED (REGISTERED NUMBER: 07241303)

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


SUPERTRUST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Delahaye
D E Kemp





SECRETARY: Banks Cooper Associates Ltd





REGISTERED OFFICE: 21 Marina Court
Castle Street
Hull
HU1 1TJ





REGISTERED NUMBER: 07241303 (England and Wales)





ACCOUNTANTS: Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ

SUPERTRUST LIMITED (REGISTERED NUMBER: 07241303)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,379 -
Investments 5 1 1
1,380 1

CURRENT ASSETS
Debtors 6 - 29,944
Cash at bank 111,142 143,797
111,142 173,741
CREDITORS
Amounts falling due within one year 7 21,800 107,828
NET CURRENT ASSETS 89,342 65,913
TOTAL ASSETS LESS CURRENT LIABILITIES 90,722 65,914

CAPITAL AND RESERVES
Called up share capital 3,422 3,422
Share premium 998,096 998,096
Retained earnings (910,796 ) (935,604 )
SHAREHOLDERS' FUNDS 90,722 65,914

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





M J Delahaye - Director


SUPERTRUST LIMITED (REGISTERED NUMBER: 07241303)

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


1. STATUTORY INFORMATION

Supertrust 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The Directors have prepared detailed cash flow forecasts for the Company for a period in excess of twelve months beyond the signing of these financial statements. Overall the Directors are satisfied that the Company has sufficient cash reserves and strength in the balance sheet to demonstrate that the going concern method of preparing the accounts continues to be appropriate.

Preparation of consolidated financial statements
The financial statements contain information about Supertrust Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 402 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents management charges, fees and similar amounts receivable in relation to the Supertrust Master Trust, including from the subsequent transfer of members and assets to The Crystal Trust.

Revenue is recognised based on the contractual entitlements of the Company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 1 year

Impairment of fixed assets
At each reporting period end date, the Company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of any impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.


Impairment of fixed assets - continued
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for that asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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

Financial instruments
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

SUPERTRUST LIMITED (REGISTERED NUMBER: 07241303)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,161
At 31 December 2023 3,161
DEPRECIATION
Charge for year 1,782
At 31 December 2023 1,782
NET BOOK VALUE
At 31 December 2023 1,379

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

SUPERTRUST LIMITED (REGISTERED NUMBER: 07241303)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors - 29,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,190 3,918
Other creditors 20,610 103,910
21,800 107,828

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M J Delahaye
Balance outstanding at start of year 29,944 17,158
Amounts advanced 15,015 16,324
Amounts repaid (44,959 ) (3,538 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,944

D E Kemp
Balance outstanding at start of year - -
Amounts advanced 11,044 -
Amounts repaid (11,044 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

No one individual has control of the Company.