Registration number:
Bestobell Founders Welfare Trust Limited
for the Year Ended 31 December 2023
Bestobell Founders Welfare Trust Limited
Contents
Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Bestobell Founders Welfare Trust Limited
(Registration number: 00458516)
Statement of Financial Position as at 31 December 2023
Note |
2023 |
2022 |
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Current assets |
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Debtors |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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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
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Bestobell Founders Welfare Trust Limited
Statement of Changes in Equity for the Year Ended 31 December 2023
Share capital |
Total |
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At 1 January 2023 |
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At 31 December 2023 |
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Share capital |
Total |
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At 1 January 2022 |
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At 31 December 2022 |
100 |
100 |
Bestobell Founders Welfare Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
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.
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)
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Accounting policies (continued) |
Audit report
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
2023 |
2022 |
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Other debtors |
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.