Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr W J R Gething - Chairman 04/11/2013 Mr T Knox 01/04/2025 Mr G D C Paterson 16/12/2016 Sir N B Penny 01/05/2025 16/11/2015 The Hon Lady Helena Rees-Mogg 23/09/2008 Lady Juliet Tadgell 02/06/2003 Mr G Paterson 01 December 2025 The principal activity of the company is acting as a corporate trustee and a trust management company. The Company is a Trust Corporation for the purposes of the Public Trustee Act 1906, Law of Property Act 1925, the Trustee Act 1925, the Settled Land Act 1925, the Administration of Estates Act 1925 and the Supreme Court of Judicature (Consolidation) Act 1925. 01661079 2025-03-31 01661079 bus:Director1 2025-03-31 01661079 bus:Director2 2025-03-31 01661079 bus:Director3 2025-03-31 01661079 bus:Director4 2025-03-31 01661079 bus:Director5 2025-03-31 01661079 bus:Director6 2025-03-31 01661079 2024-03-31 01661079 core:CurrentFinancialInstruments 2025-03-31 01661079 core:CurrentFinancialInstruments 2024-03-31 01661079 core:ShareCapital 2025-03-31 01661079 core:ShareCapital 2024-03-31 01661079 core:CapitalRedemptionReserve 2025-03-31 01661079 core:CapitalRedemptionReserve 2024-03-31 01661079 core:RetainedEarningsAccumulatedLosses 2025-03-31 01661079 core:RetainedEarningsAccumulatedLosses 2024-03-31 01661079 core:CostValuation 2024-03-31 01661079 core:RevaluationsIncreaseDecreaseInInvestments 2025-03-31 01661079 core:CostValuation 2025-03-31 01661079 2024-04-01 2025-03-31 01661079 bus:FilletedAccounts 2024-04-01 2025-03-31 01661079 bus:SmallEntities 2024-04-01 2025-03-31 01661079 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01661079 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01661079 bus:Director1 2024-04-01 2025-03-31 01661079 bus:Director2 2024-04-01 2025-03-31 01661079 bus:Director3 2024-04-01 2025-03-31 01661079 bus:Director4 2024-04-01 2025-03-31 01661079 bus:Director5 2024-04-01 2025-03-31 01661079 bus:Director6 2024-04-01 2025-03-31 01661079 bus:Director7 2024-04-01 2025-03-31 01661079 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 01661079 (England and Wales)

# FITZWILLIAM TRUST CORPORATION LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

FITZWILLIAM TRUST CORPORATION LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

FITZWILLIAM TRUST CORPORATION LIMITED

## BALANCE SHEET

As at 31 March 2025
FITZWILLIAM TRUST CORPORATION LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 754,708 |  | 729,183
|  | 754,708 |  | 729,183
Current assets |  |  |  |
Debtors | 4 | 33,901 |  | 4,006
Cash at bank and in hand |  | 173,575 |  | 140,661
|  | 207,476 |  | 144,667
Creditors: amounts falling due within one year | 5 | ( 88,674) |  | ( 68,772)
Net current assets |  | 118,802 |  | 75,895
Total assets less current liabilities |  | 873,510 |  | 805,078
Provision for liabilities |  | ( 112,868) |  | ( 61,774)
Net assets |  | 760,642 |  | 743,304
Capital and reserves |  |  |  |
Called-up share capital |  | 100,000 |  | 100,000
Capital redemption reserve |  | 134,575 |  | 134,575
Profit and loss account |  | 526,067 |  | 508,729
Total shareholder's funds |  | 760,642 |  | 743,304

Included within the profit and loss account reserves is £486,594 (2024: £461,068) of non-distributable reserves.

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Fitzwilliam Trust Corporation Limited (registered number: 01661079) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

Mr G Paterson Director |

FITZWILLIAM TRUST CORPORATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
FITZWILLIAM TRUST CORPORATION LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

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

##### Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Fixed asset investments

Investments are valued at fair value under which in year gains and losses are being put through the profit and loss. Deferred tax differences between cost and carrying value are booked in the profit and loss.

##### Financial instruments

Classification
The company holds the following financial instruments:
• Investments in listed entities;
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS 102. Financial instruments are recognised when the company becomes party to the contractual provisions
of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to
another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for investments, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. Details of the accounting policy for investments are given above.

##### Statement of compliance

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 Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

##### 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 fees receivable and is accounted for on the received basis. Other income represents income receivable from the listed investments and is accounted for on the received basis.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Fixed asset investments

| Listed investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2024 | 729,183 |  | 729,183
Movement in fair value | 25,525 |  | 25,525
At 31 March 2025 | 754,708 |  | 754,708
Carrying value at 31 March 2025 | 754,708 |  | 754,708
Carrying value at 31 March 2024 | 729,183 |  | 729,183

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. The cost of the shares on acquisition was £268,113.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by directors | 28,522 |  | 0
Corporation tax | 0 |  | 657
Other debtors | 5,379 |  | 3,349
| 33,901 |  | 4,006

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 3,112 |  | 3,095
Taxation and social security | 41,162 |  | 21,277
Other creditors | 44,400 |  | 44,400
| 88,674 |  | 68,772

#### 6. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
At start of period | 0 |  | 0
Advanced | 28,522 |  | 0
At end of period | 28,522 |  | 0

This loan has interest charged at the HMRC official rate. It will be repaid within nine months of the current year end.

#### 7. Called-up share capital

Called-up and fully-paid

| 2025 |  | 2024
| £ |  | £
100,000 Ordinary shares of £1.00 each | 250,000 |  | 250,000

100,000 Ordinary shares of £2.50 were authorised and these have been part paid as to £1 each. Wentworth Trustee Company Limited held 100,000 Ordinary shares of the Company as at 31 March 2025.