ACCOUNTS - Final Accounts

RENARD RESOURCES TRUSTEE LIMITED - Company Information

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Registered number: 11842888

Renard Resources Trustee Limited

(A company limited by guarantee)

Unaudited

Financial statements

Information for filing with the registrar

For the period ended 30 September 2019

Renard Resources Trustee Limited

(A company limited by guarantee)

Registered number: 11842888

Balance sheet

As at 30 September 2019

		2019
Note	£	£

Fixed assets
Investments	4		1,510,156
			1,510,156

Creditors: amounts falling due within one year	5	(203,060)
Net current (liabilities)/assets			(203,060)
Total assets less current liabilities			1,307,096
Creditors: amounts falling due after more than one year	6		(333,333)

Net assets			973,763

Capital and reserves
Profit and loss account			973,763
			973,763

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2020.

Alastair Graham Singleton

Director

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

Page 1

Renard Resources Trustee Limited

(A company limited by guarantee)

Notes to the financial statements

For the period ended 30 September 2019

1.	General information

Renard Resources Trustee Limited (the Company) is a limited company incorporated and domiciled in the United Kingdom. The address of its registered office and principal place of business is 4th Floor 67/68 Long Acre, London, WC2E 9JD. The company's principal activity during the year was to assume the role of a trustee company, meeting the payment contributions in accordance with the independent share valuation.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

2.2

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.4

Creditors

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

Employees

The average monthly number of employees, including directors, during the period was 3.

Page 2

Renard Resources Trustee Limited

(A company limited by guarantee)

Notes to the financial statements

For the period ended 30 September 2019

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	Additions	1,510,156
	At 30 September 2019	1,510,156

	Net book value
	At 30 September 2019	1,510,156

5.	Creditors: Amounts falling due within one year
		2019
		£

	Other creditors	200,000
	Accruals and deferred income	3,060
		203,060

6.	Creditors: Amounts falling due after more than one year
		2019
		£

	Other creditors	333,333


7.	Company status

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.

Page 3