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REGISTERED NUMBER: 01896592















Financial Statements for the Year Ended 31 December 2023

for

Registry Trust Limited

Registry Trust Limited (Registered number: 01896592)






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


Registry Trust Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Hurlston
E J Leenders
H Hatton
M McAteer
R Jarvis
P J MacKenzie
C J Dick
M J Sargeant





SECRETARY: Michelmoores Secretaries Ltd





REGISTERED OFFICE: 3rd Floor
12 Carthusian Street
London
EC1M 6EB





REGISTERED NUMBER: 01896592





AUDITORS: St James's Associates Limited
Statutory Auditors
Orion House
5 Upper St Martin's Lane
London
WC2H 9EA

Registry Trust Limited (Registered number: 01896592)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,030 69,952
Tangible assets 5 11,990 13,357
21,020 83,309

CURRENT ASSETS
Debtors 6 453,465 286,287
Cash at bank and in hand 2,054,254 2,107,200
2,507,719 2,393,487
CREDITORS
Amounts falling due within one year 7 468,786 421,545
NET CURRENT ASSETS 2,038,933 1,971,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,059,953

2,055,251

RESERVES
Amounts subscribed by members 140 140
Other reserves 45,173 45,173
Retained earnings 2,014,640 2,009,938
2,059,953 2,055,251

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 18 September 2024 and were signed on its behalf by:





M McAteer - Director


Registry Trust Limited (Registered number: 01896592)

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

1. STATUTORY INFORMATION

Registry Trust Limited is a private company, limited by guarantee, registered in England. 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 (£) and amounts are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life. Originally this was over 10 years, however during the year the director's carried out an impairment review and as a result of this provided additional amortisation in order that the asset was written down to zero as at 31 December 2022.The directors consider that this is a reasonable period and is in line with the forecasted cash flows from the asset.

Other intangible assets - website development
The development of the website was completed and went live during the year ended 31 December 2018. These costs are now being amortised over a 5 year period.The directors consider this period in line with the forecasted cash flows from the asset.The cost of the website was fully written down to zero as at 31 December 2023.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost and 10% on cost

Registry Trust Limited (Registered number: 01896592)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Classification

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, loans from third parties and loans to related parties.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Recognition and measurement

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received.

Impairment

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Registry Trust Limited (Registered number: 01896592)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover
Turnover comprises the value of charges levied for investment advice provided to associated group undertakings, and is stated net of VAT. Turnover is calculated on an accruals basis, any income due to the Company and not invoiced as at the year end date will be accounted for as accrued income. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of Creditors due within one year.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the entities accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The financial statements do not include any estimates.

With the exception of the forecasts made to assess going concern, there were no critical accounting judgements as the company's transactions to date have been straight forward.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023 212,124 419,714 631,838
Additions - 9,030 9,030
At 31 December 2023 212,124 428,744 640,868
AMORTISATION
At 1 January 2023 212,124 349,762 561,886
Charge for year - 69,952 69,952
At 31 December 2023 212,124 419,714 631,838
NET BOOK VALUE
At 31 December 2023 - 9,030 9,030
At 31 December 2022 - 69,952 69,952

Registry Trust Limited (Registered number: 01896592)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 51,778 318,818 370,596
Additions - 5,906 5,906
At 31 December 2023 51,778 324,724 376,502
DEPRECIATION
At 1 January 2023 51,778 305,461 357,239
Charge for year - 7,273 7,273
At 31 December 2023 51,778 312,734 364,512
NET BOOK VALUE
At 31 December 2023 - 11,990 11,990
At 31 December 2022 - 13,357 13,357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 199,225 103,964
Other debtors 254,240 182,323
453,465 286,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 120,070 92,637
Taxation and social security 140,351 121,462
Other creditors 208,365 207,446
468,786 421,545

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 72,160 187,520
Between one and five years 10,717 82,397
82,877 269,917

Registry Trust Limited (Registered number: 01896592)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Fossitt (Senior Statutory Auditor)
for and on behalf of St James's Associates Limited