Registration number: 5330850

The Florence Institute Trust Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

The Florence Institute Trust Limited

Company Information

Directors

Susanne Osagie John Welsh Christine Hendrick Paul Jagota Paul Dickson Daniel Blunt

Registered office

PO BOX The Florence Institute 377 Mill Street Liverpool L8 4RF

The Florence Institute Trust Limited

(Registration number: 5330850)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,033,621	706,366
Investment property		1	1
		1,033,622	706,367
Current assets
Debtors		140,522	95,913
Cash at bank and in hand		193,968	731,119
		334,490	827,032
Creditors: Amounts falling due within one year		(55,457)	(27,638)
Net current assets		279,033	799,394
Total assets less current liabilities		1,312,655	1,505,761
Creditors: Amounts falling due after more than one year		(61,343)	(102,301)
Accruals and deferred income		-	(308,994)
Net assets		1,251,312	1,094,466
Capital and reserves
Retained earnings		1,251,312	1,094,466
Shareholders' funds		1,251,312	1,094,466

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 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 11 September 2025 and signed on its behalf by:
 

The Florence Institute Trust Limited

(Registration number: 5330850)
Abridged Balance Sheet as at 31 March 2025

......................................... Christine Hendrick Director

The Florence Institute Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
PO BOX The Florence Institute
377 Mill Street
Liverpool
L8 4RF

These financial statements were authorised for issue by the Board on 11 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 abridged 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 abridged 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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

The Florence Institute Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

The Florence Institute Trust Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	6,590,159	136,998	6,727,157
Additions	372,293	-	372,293
At 31 March 2025	6,962,452	136,998	7,099,450
Depreciation
At 1 April 2024	5,908,227	112,564	6,020,791
Charge for the year	32,822	12,216	45,038
At 31 March 2025	5,941,049	124,780	6,065,829
Carrying amount
At 31 March 2025	1,021,403	12,218	1,033,621
At 31 March 2024	681,932	24,434	706,366

Included within the net book value of land and buildings above is £1,021,403 (2024 - £681,932) in respect of freehold land and buildings.
 

Investment properties

	2025 £
At 1 April	1

There has been no valuation of investment property by an independent valuer.