Registration number: 02079087

Northumbrian Trust Limited

(Registration number: 02079087)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,248	1,389
Current assets
Debtors	6	438,603	1,166,075
Other financial assets	5	445,887	886,148
Cash at bank and in hand		1,332,685	118,957
		2,217,175	2,171,180
Creditors: Amounts falling due within one year	7	(119,708)	(156,407)
Net current assets		2,097,467	2,014,773
Total assets less current liabilities		2,098,715	2,016,162
Creditors: Amounts falling due after more than one year	7	-	(133,281)
Provisions for liabilities		(561)	-
Net assets		2,098,154	1,882,881
Capital and reserves
Called up share capital		1,400,000	1,400,000
Share premium reserve		97,203	97,203
Retained earnings		600,951	385,678
Shareholders' funds		2,098,154	1,882,881

Northumbrian Trust Limited

(Registration number: 02079087)
Statement of Financial Position as at 31 December 2025

For the financial year ending 31 December 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.

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 22 July 2026 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 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:
Lyndhurst
73 Elmfield Road
Gosforth
Newcastle Upon Tyne
NE3 4BD

These financial statements were authorised for issue by the Board on 22 July 2026.

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.

The financial statements are prepared in UK Pound Sterling (£), which is the functional currency of the company

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property management 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.

Northumbrian Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

Tax

The tax expense for the period comprises current and deferred 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 income 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class	Depreciation method and rate
Office equipment	25% straight line

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.

Northumbrian Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

3	Staff numbers

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

Northumbrian Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 January 2025	137,294	137,294
Additions	822	822
Disposals	(135,044)	(135,044)
At 31 December 2025	3,072	3,072
Depreciation
At 1 January 2025	135,905	135,905
Charge for the year	530	530
Eliminated on disposal	(134,611)	(134,611)
At 31 December 2025	1,824	1,824
Carrying amount
At 31 December 2025	1,248	1,248
At 31 December 2024	1,389	1,389

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 2025	886,148	886,148
Fair value adjustments	(93,288)	(93,288)
Additions	473,437	473,437
Disposals	(820,410)	(820,410)
At 31 December 2025	445,887	445,887
Impairment
Carrying amount
At 31 December 2025	445,887	445,887

Northumbrian Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	2025 £	2024 £
Prepayments	724	261
Other debtors	437,879	1,165,814
	438,603	1,166,075

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,628	13,047
Taxation and social security	11,399	1,434
Accruals and deferred income	-	349
Other creditors	104,681	141,577
	119,708	156,407

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	-	133,281

8	Related party transactions

Summary of transactions with key management

During the year the maximum directors loan outstanding was £451,371. The loan was unsecured, interest free, and repayable on demand. The balance at the year end was £375,443 (2024: 375,638).

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
Directors account	375,638	114,836	(115,031)	375,443

Northumbrian Trust Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Directors account	380,854	136,434	(141,650)	375,638