Trust Dispute Resolution Limited 06375267 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of mediation services Digita Accounts Production Advanced 6.30.9574.0 true T Wallis B Dawson F McCarthy A L Cooper-Chadwick L M Brocklebank P J Hesketh P Balen A J Hannam 06375267 2023-04-01 2024-03-31 06375267 2024-03-31 06375267 core:RetainedEarningsAccumulatedLosses 2024-03-31 06375267 core:CurrentFinancialInstruments 2024-03-31 06375267 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06375267 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-03-31 06375267 bus:FRS102 2023-04-01 2024-03-31 06375267 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06375267 bus:FullAccounts 2023-04-01 2024-03-31 06375267 bus:RegisteredOffice 2023-04-01 2024-03-31 06375267 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 06375267 bus:Director11 2023-04-01 2024-03-31 06375267 bus:Director12 2023-04-01 2024-03-31 06375267 bus:Director13 2023-04-01 2024-03-31 06375267 bus:Director14 2023-04-01 2024-03-31 06375267 bus:Director2 2023-04-01 2024-03-31 06375267 bus:Director3 2023-04-01 2024-03-31 06375267 bus:Director9 2023-04-01 2024-03-31 06375267 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 06375267 bus:Consolidated 2023-04-01 2024-03-31 06375267 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 06375267 bus:Agent1 2023-04-01 2024-03-31 06375267 countries:EnglandWales 2023-04-01 2024-03-31 06375267 2022-04-01 2023-03-31 06375267 2023-03-31 06375267 core:RetainedEarningsAccumulatedLosses 2023-03-31 06375267 core:CurrentFinancialInstruments 2023-03-31 06375267 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06375267 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06375267

Trust Dispute Resolution Limited

(A company limited by guarantee)

Unaudited Financial Statements

31 March 2024

image-name

 

Trust Dispute Resolution Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Trust Dispute Resolution Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trust Dispute Resolution Limited for the year ended 31 March 2024 as set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Trust Dispute Resolution Limited , as a body, in accordance with the terms of our engagement letter dated 17 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Trust Dispute Resolution Limited and state those matters that we have agreed to state to the Board of Directors of Trust Dispute Resolution Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trust Dispute Resolution Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Trust Dispute Resolution Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Trust Dispute Resolution Limited . You consider that Trust Dispute Resolution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trust Dispute Resolution Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

31 October 2024

 

Trust Dispute Resolution Limited

(Registration number: 06375267)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

64,457

Cash at bank and in hand

 

-

35,343

 

-

99,800

Creditors: Amounts falling due within one year

6

-

(89,961)

Net assets

 

-

9,839

Capital and reserves

 

Profit and loss account

-

9,839

Total equity

 

-

9,839

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................

T Wallis

Company secretary and director

 

Trust Dispute Resolution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The address of its registered office is:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Trust Dispute Resolution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 8).

4

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

-

45,046

Other debtors

 

-

15,020

Prepayments

 

-

4,100

Corporation tax asset

-

291

   

-

64,457

5

Cash and cash equivalents

2024
£

2023
£

Cash at bank

-

35,343

 

Trust Dispute Resolution Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

-

14,250

Trade creditors

 

-

54,701

Accrued expenses

 

-

21,010

 

-

89,961

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

-

14,250