Company Registration No. 00140488 (England and Wales)
St Albans Trust Limited
Unaudited financial statements
for the year ended 30 June 2024
Pages for filing with the registrar
St Albans Trust Limited
Company information
Directors
The Earl of Verulam
Viscountess Grimston
Viscount Grimston
Secretary
Victoria Neil
Company number
00140488
Registered office
The Estate Office
Gorhambury
St Albans
Hertfordshire
AL3 6AH
Accountants
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
St Albans Trust Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
St Albans Trust Limited
Statement of financial position
As at 30 June 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
10,001
10,001
Current assets
Debtors
4
41,649
38,910
Cash at bank and in hand
6,417
5,327
48,066
44,237
Creditors: amounts falling due within one year
5
(3,000)
(3,240)
Net current assets
45,066
40,997
Net assets
55,067
50,998
Capital and reserves
Called up share capital
6
10,000
10,000
Other reserves
7,840
7,840
Profit and loss reserves
37,227
33,158
Total equity
55,067
50,998

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
Viscount Grimston
Director
Company Registration No. 00140488
St Albans Trust Limited
Statement of changes in equity
For the year ended 30 June 2024
2
Share capital
Other reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 1 October 2022
10,000
7,840
32,598
50,438
Period ended 30 June 2023:
Profit and total comprehensive income
-
-
560
560
Balance at 30 June 2023
10,000
7,840
33,158
50,998
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
4,069
4,069
Balance at 30 June 2024
10,000
7,840
37,227
55,067
St Albans Trust Limited
Notes to the financial statements
For the year ended 30 June 2024
3
1
Accounting policies
Company information

St Albans Trust Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office, Gorhambury, St Albans, Hertfordshire, AL3 6AH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The comparative financial information presented is in respect of the 9 month period from 1 October 2022 to 30 June 2023. Comparative amounts presented in these financial statements (including the related notes) may not be entirely comparable as a result.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

St Albans Trust Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Investments
10,001
10,001
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023 & 30 June 2024
10,001
Carrying amount
At 30 June 2024
10,001
At 30 June 2023
10,001
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
41,649
38,910
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
900
-
0
Other creditors
2,100
3,240
3,000
3,240
St Albans Trust Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
5
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000

Each share is entitled to full voting, dividend and capital distribution rights.

7
Related party transactions

During the year, the company received dividends from a company, in which participating interest is held, totalling £3,640 (2023 - £2,730).

 

At 30 June 2024, included within other debtors is a loan of £38,000 (2023 - £38,000) due from a company in which participating interest is held. The loan bears interest at a rate of 2% above the Bank of England base rate. Interest of £2,739 (2023 - £nil) was receivable on this loan for the period.

 

The total balance due from a company in which a participating interest is held, at the balance sheet date, was £41,649 (2023 - £38,000).

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