REGISTERED NUMBER: 06309703 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRUST & WEALTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T&W Directors Ltd

Mr G Francioni

Ms E Pettenuzzo

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

06309703 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

4

-

25

Investments

5

-

5,881

-

5,906

CURRENT ASSETS

Debtors

6

134,517

122,427

Cash at bank

30,157

86,047

164,674

208,474

CREDITORS

Amounts falling due within one year

7

(80,845

)

(179,832

)

NET CURRENT ASSETS

83,829

28,642

TOTAL ASSETS LESS CURRENT LIABILITIES

83,829

34,548

CREDITORS

Amounts falling due after more than one year

8

(1,125

)

(8,466

)

NET ASSETS

82,704

26,082

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

82,703

26,081

SHAREHOLDERS' FUNDS

82,704

26,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 5 September 2025 and were signed on its behalf by:

Ms E Pettenuzzo - Director

1.	STATUTORY INFORMATION

Trust & Wealth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 pound.

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

Revenues from rendering of services are recognized as the services are provided, when it is probable that an economic benefit associated with the transaction will flow to the entity and the amount of revenue can be measured reliably. Where services are provided over a period of time, revenue is recognised on a time-apportioned basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery: 33.33% on straight line basis.

Fully depreciated assets are retained in the financial statements at nil value until they are disposed of or no longer in use.

Investments in subsidiaries

Investments in subsidiary undertakings are stated at cost less impairment.

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.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

12,195

DEPRECIATION

At 1 April 2024

12,170

Charge for year

25

At 31 March 2025

12,195

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

25

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

5,881

Impairments

(5,881

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

5,881

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

56,219

24,178

Other debtors

78,298

98,249

134,517

122,427

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,667

7,667

Trade creditors

3,426

108,121

Taxation and social security

20,597

14,365

Other creditors

49,155

49,679

80,845

179,832

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,125

8,466

9.	RELATED PARTY DISCLOSURES

The following balances existed at the balance sheet date with entities connected through common control:

B & P Tax Legal Finance LLP - £4,804 (2024: £4,804) receivable.

During the year, sales made to B&P Tax Legal Finance LLP amounted to £11,224 and expenses recharged for £86,321.

Also, during the year, costs recharged from B&P Advisory fees, entity under common control amounted to £44,500 (2024: £42,000).

At the year-end date, B International Ltd owes a balance of the sales made during the year amounting to £30,000 to the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Belluzzo.