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REGISTERED NUMBER: 02079087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Northumbrian Trust Limited

Northumbrian Trust Limited (Registered number: 02079087)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Northumbrian Trust Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Director
J P Gould
Mrs E Gould
J J Gould
T Gould





REGISTERED OFFICE: 301 Chillingham Road
Heaton
Newcastle upon Tyne
NE6 5SB





REGISTERED NUMBER: 02079087 (England and Wales)

Northumbrian Trust Limited (Registered number: 02079087)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,133 2,911

CURRENT ASSETS
Debtors 6 1,441,086 1,288,480
Investments 7 735,034 604,761
Prepayments and accrued income 342 -
Cash at bank 302,893 568,011
2,479,355 2,461,252
CREDITORS
Amounts falling due within one year 8 148,142 52,935
NET CURRENT ASSETS 2,331,213 2,408,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,333,346

2,411,228

CREDITORS
Amounts falling due after more than
one year

9

(33,513

)

(96,425

)

ACCRUALS AND DEFERRED INCOME (163 ) -
NET ASSETS 2,299,670 2,314,803

CAPITAL AND RESERVES
Called up share capital 1,400,000 1,400,000
Share premium 97,203 97,203
Retained earnings 802,467 817,600
SHAREHOLDERS' FUNDS 2,299,670 2,314,803

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.

Northumbrian Trust Limited (Registered number: 02079087)

Balance Sheet - continued
31 December 2023


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 5 September 2024 and were signed on its behalf by:





J P Gould - Director


Northumbrian Trust Limited (Registered number: 02079087)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Northumbrian Trust Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02079087 and registered office address is 301 Chillingham Road, Heaton ,Newcastle upon Tyne, NE6 5SB.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functioning currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

Tangible assets are initially measured at cost ans subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
Financial instruments are clarified and accounted for according to the substance of the contracted arrangement, as either financial assets , financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it's liabilities.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Northumbrian Trust Limited (Registered number: 02079087)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Investments
Current asset investments are included at current market value at the year end date. Gains and losses arising from changes in the market value are recognised through the profit and loss account. Where the investment is disposed of or is determined to be impaired , the cumulative gain or loss is included in the profit and loss account for the year.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Turnover
Turnover consists of property management fees.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 January 2023
and 31 December 2023 136,484
DEPRECIATION
At 1 January 2023 133,573
Charge for year 778
At 31 December 2023 134,351
NET BOOK VALUE
At 31 December 2023 2,133
At 31 December 2022 2,911

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 514,557 398,129

Amounts falling due after more than one year:
Amounts due from connected company 926,529 890,351

Aggregate amounts 1,441,086 1,288,480

Northumbrian Trust Limited (Registered number: 02079087)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 727,578 561,537
London property investment 7,456 43,224
735,034 604,761

The Company is a partner in a London property syndicate. The investment is included in current assets due to it's nature.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 15,342 5,284
Taxation and social security 1,494 1,504
Other creditors 131,306 46,147
148,142 52,935

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 33,513 96,425

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
Director
Balance outstanding at start of year 319,012 319,044
Amounts advanced 125,492 232,105
Amounts repaid (63,650 ) (232,137 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 380,854 319,012