Bestobell Founders Welfare Trust Limited 00458516 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a dormant subsidiary. During the year under review, the company, as trustee, administered the Bestobell-Meggitt Welfare Trust, a registered charity number 284376. Accordingly, a profit and loss account has not been prepared. Digita Accounts Production Advanced 6.30.9574.0 true true 00458516 2023-01-01 2023-12-31 00458516 2023-12-31 00458516 core:ShareCapital 2023-12-31 00458516 core:CurrentFinancialInstruments 2023-12-31 00458516 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00458516 bus:SmallEntities 2023-01-01 2023-12-31 00458516 bus:Audited 2023-01-01 2023-12-31 00458516 bus:FilletedAccounts 2023-01-01 2023-12-31 00458516 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 00458516 bus:RegisteredOffice 2023-01-01 2023-12-31 00458516 bus:Director4 2023-01-01 2023-12-31 00458516 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00458516 countries:AllCountries 2023-01-01 2023-12-31 00458516 2022-12-31 00458516 core:ShareCapital 2022-12-31 00458516 2022-01-01 2022-12-31 00458516 2022-12-31 00458516 core:CurrentFinancialInstruments 2022-12-31 00458516 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 00458516 2021-12-31 00458516 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 00458516

Bestobell Founders Welfare Trust Limited

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Bestobell Founders Welfare Trust Limited

Contents

Statement of Financial Position

1

Statement of Changes in Equity

2

Notes to the Financial Statements

3 to 4

 

Bestobell Founders Welfare Trust Limited

(Registration number: 00458516)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

100

100

Capital and reserves

 

Called up share capital

100

100

Shareholders' funds

 

100

100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 26 August 2024 and signed on its behalf by:
 


Mr F C Bedwell
Director

 

Bestobell Founders Welfare Trust Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Total
£

At 1 January 2023

100

100

At 31 December 2023

100

100

Share capital
£

Total
£

At 1 January 2022

100

100

At 31 December 2022

100

100

 

Bestobell Founders Welfare Trust Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity

The principal activity of the company is that of a dormant subsidiary. During the year under review, the company, as trustee, administered the Bestobell-Meggitt Welfare Trust, a registered charity number 284376. Accordingly, a profit and loss account has not been prepared.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Bestobell Founders Welfare Trust Limited

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

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 6 September 2024 was Stuart Carrington FCA, who signed for and on behalf of Westcotts (SW) LLP.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

2023
£

2022
£

Other debtors

100

100

100

100

5

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.