Scottish Trust Managers Limited - Accounts to registrar (filleted) - small 18.2

Scottish Trust Managers Limited - Accounts to registrar (filleted) - small 18.2

SCOTTISH TRUST MANAGERS LIMITED - Company Information

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REGISTERED NUMBER: 00315883 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

SCOTTISH TRUST MANAGERS LIMITED
SCOTTISH TRUST MANAGERS LIMITED (REGISTERED NUMBER: 00315883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCOTTISH TRUST MANAGERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTOR: S A Talbot-Williams





REGISTERED OFFICE: 5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 00315883 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ
Page 1
SCOTTISH TRUST MANAGERS LIMITED (REGISTERED NUMBER: 00315883)

BALANCE SHEET
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 212,500 212,500

CURRENT ASSETS
Debtors 5 59,000 59,000
Cash at bank and in hand 16,783 11,681
75,783 70,681
CREDITORS
Amounts falling due within one year 6 40,558 40,558
NET CURRENT ASSETS 35,225 30,123
TOTAL ASSETS LESS CURRENT LIABILITIES 247,725 242,623

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Revaluation reserve 7 184,564 184,564
Other reserves 3,065 3,065
Retained earnings 52,096 46,994
SHAREHOLDERS' FUNDS 247,725 242,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2021 and were signed by:





S A Talbot-Williams - Director


The notes form part of these financial statements

Page 2
SCOTTISH TRUST MANAGERS LIMITED (REGISTERED NUMBER: 00315883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Scottish Trust Managers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises rental income receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 212,500
NET BOOK VALUE
At 31 March 2020 212,500
At 31 March 2019 212,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 59,000 59,000

Page 3 continued...
SCOTTISH TRUST MANAGERS LIMITED (REGISTERED NUMBER: 00315883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 7,746 7,746
Directors' current accounts 31,012 31,012
Accrued expenses 1,800 1,800
40,558 40,558

7. RESERVES
Revaluation
reserve
£   
At 1 April 2019
and 31 March 2020 184,564

Page 4