Space & Time Corporate Trustee Limited
Financial Statements
For the year ended 30 June 2023
Pages for Filing with Registrar
Company Registration No. 11421388 (England and Wales)
Space & Time Corporate Trustee Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Space & Time Corporate Trustee Limited
Balance Sheet
As at 30 June 2023
Page 1
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
2
32,040
32,040
Current assets
-
-
Creditors: amounts falling due within one year
3
(32,039)
(32,039)
Net current liabilities
(32,039)
(32,039)
Net assets
1
1
Capital and reserves
-
-
Called up share capital
4
1
1
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
A Moore
Director
Company Registration No. 11421388
Space & Time Corporate Trustee Limited
Notes to the Financial Statements
For the year ended 30 June 2023
Page 2
1
Accounting policies
Company information
Space & Time Corporate Trustee Limited is a private company limited by shares incorporated in England and Wales. The registered office is Building 3, 2nd Floor Old Street Yard, London, United Kingdom, EC1Y 8AF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
1.3
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
1.4
Financial instruments
The company has only basic financial instruments, measured at amortised cost.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
Space & Time Corporate Trustee Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2023
Page 3
2
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
32,040
32,040
3
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
32,039
32,039
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
5
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Jamie Seaford
Statutory Auditor:
Moore Kingston Smith LLP
6
Parent company
The directors consider the immediate and ultimate parent undertaking to be Space & Time Group Limited, a company incorporated in England and Wales.
Space & Time Group Limited is the smallest and largest group for which consolidated financial statements including the company are prepared. The consolidated financial statements of Space & Time Group Limited are available from its registered office, 2nd Floor, 2 Old Street Yard, London, EC1Y 8AF.
The directors consider there to be no ultimate controlling party.