ACCOUNTS - Final Accounts

Registered number: 05780479

FUSION PEOPLE EMPLOYEES' TRUSTEE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FUSION PEOPLE EMPLOYEES' TRUSTEE LIMITED

REGISTERED NUMBER: 05780479

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Current asset investments	3	75,447		75,447
		75,447		75,447
Creditors: amounts falling due within one year	4	(83,133)		(83,133)
Net current liabilities			(7,686)		(7,686)
Total assets less current liabilities			(7,686)		(7,686)

Net liabilities			(7,686)		(7,686)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(7,688)	(7,688)
	(7,686)	(7,686)

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FUSION PEOPLE EMPLOYEES' TRUSTEE LIMITED

REGISTERED NUMBER: 05780479

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

For the year ended 31 December 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

R. R. Ward

Director

The notes on pages 3 to 4 form part of these financial statements.

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FUSION PEOPLE EMPLOYEES' TRUSTEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The entity is a private limited liability company, limited by shares, incorporated and registered in England and Wales. The registered office is Fusion People Limited, 2nd Floor, 3700 Parkway Whiteley, Fareham, Hampshire, PO15 7AW and company number is 05780479.
The principal activity of the company is that of a Trustee of the Fusion People Limited Employee Share Scheme. The company exists to assist employees of Fusion People Limited to acquire shares in that company from former employees.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

2.2

Going concern

The company receives support from its parent company, Fusion People Limited, by way of intercompany loans. The parent company will continue to support Fusion People Employees' Trustee Limited and will not seek repayment until the company has sufficient cash flows having met any other liabilities as they fall due. On the basis of this support, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

Valuation of investments

Investments are valued at the lower of cost and net realisable value.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Current asset investments
		2024	2023
		£	£

Shares in group undertakings	75,447	75,447
	75,447	75,447

The above shares are held in trust for the parent company, Fusion People Limited.

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FUSION PEOPLE EMPLOYEES' TRUSTEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	81,483	81,483
Accruals and deferred income	1,650	1,650
	83,133	83,133

5.	Controlling party

The ultimate parent undertaking is Fusion People Limited, a company registered in England and Wales. The registered office of Fusion People Limited is 3700 Parkway, Whiteley, Fareham, Hampshire, PO15 7AW.

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