COMPANY REGISTRATION NUMBER:
06547954
Ashe Morris Trustee Limited |
|
Filleted Unaudited Financial Statements |
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Ashe Morris Trustee Limited |
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Statement of Financial Position |
|
31 March 2024
Fixed assets
Investments |
4 |
|
1,280 |
1,280 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
11 |
|
11 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
1,290 |
|
1,290 |
|
------- |
|
------- |
Net current liabilities |
|
1,279 |
1,279 |
|
|
------- |
------- |
Total assets less current liabilities |
|
1 |
1 |
|
|
---- |
---- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
|
|
---- |
---- |
Shareholders funds |
|
1 |
1 |
|
|
---- |
---- |
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|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
Company registration number:
06547954
Ashe Morris Trustee Limited |
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Notes to the Financial Statements |
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Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sterling House, 810 Mandarin Court, Centre Park, Warrington, Cheshire, WA1 1GG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The entity is dormant as defined by section 1169 of the Companies Act 2006. The entity received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders' funds during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 April 2023 and 31 March 2024 |
1,280 |
|
------- |
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
|
------- |
|
|
Carrying amount |
|
At 31 March 2024 |
1,280 |
|
------- |
At 31 March 2023 |
1,280 |
|
------- |
|
|
The company owns 0.12% of the issued share capital of Ashe Morris Limited, the investment is shown at cost.
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,290 |
1,290 |
|
------- |
------- |
|
|
|
6.
Related party transactions
The company was under the control of Ashe Morris Limited throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed.
7.
Controlling party
Ashe Morris Trustee Limited
is 100% owned by Ashe Morris Limited, a company registered in England and Wales, company number 04132405.