P.A.C EMPLOYEE OWNERSHIP TRUSTEE LTD
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
P.A.C Employee Ownership Trustee Ltd is private Company, limited by guarantee, incorporated within England and Wales. The registered office address of the Company is Shortacre Works Beach Road, Cottenham, Cambridge, CB24 8BW. The Company is not part of a group.
The Company was dormant (within the meaning of section 480(1) of the Companies Act 2006) throughout the year ended 31 March 2023.
While the Company was dormant and has not traded during the year, it has acted in certain transactions as trustee. The Company received no income and incurred no expenditure in relation to these transactions and therefore made nether a profit nor a loss.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The Company is a private Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.
The Company is controlled by its members, who are also the directors of the Company as set out on pages 1 and 2.
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