XPB Trust Company Limited - Period Ending 2018-05-31

Registration number: 04669815

XPB Trust Company Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2018

XPB Trust Company Limited

(Registration number: 04669815)
Balance Sheet as at 31 May 2018

	Note	2018 £	2017 £
Current assets
Debtors	3	311,110	311,110
Creditors: Amounts falling due within one year	4	(1,200)	(1,200)
Net assets		309,910	309,910
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		309,909	309,909
Total equity		309,910	309,910

For the financial year ending 31 May 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 15 February 2019
 

S Fitzpatrick

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

XPB Trust Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2018

1	General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
4 Cyrus Way
Cygnet Park
Hampton
Peterborough
Cambridgeshire
PE7 8HP
United Kingdom

These financial statements were authorised for issue by the director on 15 February 2019.

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

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.

Trade debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Trade creditors

Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

		2018 £	2017 £
Amounts owed by related parties		311,110	311,110
Total current trade and other debtors		311,110	311,110

4

Creditors

		2018 £	2017 £
Due within one year
Accrued expenses		1,200	1,200

Page 2

XPB Trust Company Limited

Notes to the Financial Statements for the Year Ended 31 May 2018

5	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

6

Control

The company is controlled by its parent XPB Limited, the ultimate controlling party is S Fitzpatrick.

Page 3