Goughs Trust Corporation Limited 15552745 true 2024-03-11 2025-04-05 2025-04-05 The principal activity of the company is the provision of Trust Corporation services. Digita Accounts Production Advanced 6.30.9574.0 true P J Bolton T R J Boyce M Drew A M Given S Loveless R S Phillips G J Sumsion E E Taylor true 15552745 2024-03-11 2025-04-05 15552745 2025-04-05 15552745 core:ShareCapital 2025-04-05 15552745 core:CurrentFinancialInstruments 2025-04-05 15552745 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-05 15552745 bus:FRS102 2024-03-11 2025-04-05 15552745 bus:AuditExempt-NoAccountantsReport 2024-03-11 2025-04-05 15552745 bus:FullAccounts 2024-03-11 2025-04-05 15552745 bus:RegisteredOffice 2024-03-11 2025-04-05 15552745 bus:Director1 2024-03-11 2025-04-05 15552745 bus:Director2 2024-03-11 2025-04-05 15552745 bus:Director3 2024-03-11 2025-04-05 15552745 bus:Director4 2024-03-11 2025-04-05 15552745 bus:Director5 2024-03-11 2025-04-05 15552745 bus:Director6 2024-03-11 2025-04-05 15552745 bus:Director7 2024-03-11 2025-04-05 15552745 bus:Director8 2024-03-11 2025-04-05 15552745 bus:EntityHasNeverTraded 2024-03-11 2025-04-05 15552745 bus:PrivateLimitedCompanyLtd 2024-03-11 2025-04-05 15552745 bus:Agent1 2024-03-11 2025-04-05 15552745 core:ParentEntities 2024-03-11 2025-04-05 15552745 countries:EnglandWales 2024-03-11 2025-04-05 iso4217:GBP xbrli:pure

Registration number: 15552745

Goughs Trust Corporation Limited
Annual Report and Unaudited Financial Statements
for the Period from 11 March 2024 to 5 April 2025

Goughs Trust Corporation Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Goughs Trust Corporation Limited

Company Information

Directors | P J Bolton T R J Boyce M Drew A M Given S Loveless R S Phillips G J Sumsion E E Taylor

Registered office | 5 Bath Road Melksham SN12 6LN

Accountants | Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

Goughs Trust Corporation Limited

(Registration number: 15552745)
Balance Sheet as at 5 April 2025

| Note | 2025 £
Current assets |  |
Debtors | 4 | 250,000
Capital and reserves |  |
Called up share capital |  | 250,000
Shareholders' funds |  | 250,000

For the financial period ending 5 April 2025 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 period 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 Profit and Loss Account.

Approved and authorised by the Board on 15 October 2025 and signed on its behalf by:

M Drew
Director

Goughs Trust Corporation Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 5 April 2025

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:
5 Bath Road
Melksham
SN12 6LN
United Kingdom

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Group accounts not prepared

The company has taken advantage of the exemption in section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Goughs Trust Corporation Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 5 April 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 8.

| 4 | Debtors

| Note | 2025 £
Amounts owed by related parties | 5 | 250,000
|  | 250,000

Goughs Trust Corporation Limited

Notes to the Unaudited Financial Statements for the Period from 11 March 2024 to 5 April 2025

| 5 | Related party transactions

Summary of transactions with parent

The company is wholly owned by Goughs Solicitors Limited. In accordance with para 33.1A of FRS102 these financial statements do not disclose transactions between the company and its parent.

| 6 | Parent and ultimate parent undertaking

The company's immediate parent is Goughs Solicitors Limited, incorporated in England and Wales.
The financial statements of Goughs Solicitors Limited may be obtained from the company's registered office.