Registration number: 02079087

Northumbrian Trust Limited

(Registration number: 02079087)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,389	2,133
Current assets
Debtors	6	1,166,075	1,385,233
Other financial assets	5	886,148	727,578
Cash at bank and in hand		118,957	302,893
		2,171,180	2,415,704
Creditors: Amounts falling due within one year	7	(156,407)	(118,168)
Net current assets		2,014,773	2,297,536
Total assets less current liabilities		2,016,162	2,299,669
Creditors: Amounts falling due after more than one year	7	(133,281)	-
Net assets		1,882,881	2,299,669
Capital and reserves
Called up share capital		1,400,000	1,400,000
Share premium reserve		97,203	97,203
Retained earnings		385,678	802,466
Shareholders' funds		1,882,881	2,299,669

Northumbrian Trust Limited

(Registration number: 02079087)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

......................................... T Gould Director

......................................... Mr J J Gould Director

Northumbrian Trust Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Floor 4 Room 7
Arden House
Gosforth
NE3 3PF

These financial statements were authorised for issue by the Board on 25 September 2025.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Northumbrian Trust Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Northumbrian Trust Limited

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

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2024	136,484	136,484
Additions	810	810
At 31 December 2024	137,294	137,294
Depreciation
At 1 January 2024	134,351	134,351
Charge for the year	1,554	1,554
At 31 December 2024	135,905	135,905
Carrying amount
At 31 December 2024	1,389	1,389
At 31 December 2023	2,133	2,133

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost or valuation
At 1 January 2024	727,578	727,578
Fair value adjustments	40,585	40,585
Additions	1,107,665	1,107,665
Disposals	(989,680)	(989,680)
At 31 December 2024	886,148	886,148
Impairment
Carrying amount
At 31 December 2024	886,148	886,148

Northumbrian Trust Limited

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

6

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties	8	-	7,456
Prepayments		261	342
Other debtors		1,165,814	1,377,435
		1,166,075	1,385,233

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	13,047	15,342
Taxation and social security	1,434	1,494
Accruals and deferred income	349	163
Other creditors	141,577	101,169
	156,407	118,168

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other non-current financial liabilities	133,281	-

8	Related party transactions