|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 March 2019 |
|
for |
|
Finance And Industrial |
Trust Limited(The) |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 March 2019 |
|
for |
|
Finance And Industrial |
Trust Limited(The) |
Finance And Industrial |
Trust Limited(The) (Registered number: 00079331) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Finance And Industrial |
Trust Limited(The) |
|
Company Information |
for the Year Ended 31 March 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
Finance And Industrial |
Trust Limited(The) (Registered number: 00079331) |
|
Balance Sheet |
31 March 2019 |
|
31.3.19 | 31.3.18 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) |
|
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
Finance And Industrial |
Trust Limited(The) (Registered number: 00079331) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
|
1. | STATUTORY INFORMATION |
|
Finance And Industrial Trust Limited(The) is a
|
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 |
|
|
Going Concern |
The company has net current liabilities and total liabilities of £13,927 at the balance sheet date. The accounts |
have been prepared under the going concern concept because the ultimate parent undertaking, RO Trading |
Limited, has confirmed its willingness and ability to provide adequate funds for the company to meet its |
liabilities for at least one year from the date of the approval of the financial statements. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
Turnover |
|
|
Taxation |
Corporation tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted |
by the balance sheet date. |
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
right to pay less or to receive more tax. |
|
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
there will be suitable taxable profits from which the underlying timing differences can be deducted. |
|
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
|
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either 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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2018 - 1 ). |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Amounts owed by group undertakings |
|
|
Finance And Industrial |
Trust Limited(The) (Registered number: 00079331) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Amounts owed to group undertakings |
|
|
Tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
6. | RELATED PARTY DISCLOSURES |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
|
7. | POST BALANCE SHEET EVENTS |
|
There has been no event since the balance sheet date that could materially affect the state of affairs of the |
company as at 31 March 2019 or that requires disclosure. |
|
8. | ULTIMATE PARENT COMPANY AND ULTIMATE CONTROLLING PARTY |
|
The company's immediate and ultimate parent company is RO Trading Limited, a company incorporated in |
England and Wales. |
|
Mr R G St J Rowlandson, a director of RO Trading Limited and members of his close family, control the |
company as a result of them owning and controlling the issued share capital of RO Trading Limited. |
|
for which consolid ated accounts are prepared. Copies of its group accounts can be obtained from Graham House, 7 Wyllyotts Place, Potters Bar, Hertfordshire, EN6 2JD. |