Multiplex Financial Trustees Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02191340 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Multiplex Financial Trustees Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Murray

REGISTERED OFFICE:

York House

York Street

Manchester

M2 3BB

REGISTERED NUMBER:

02191340 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

Level 7, Tower 12,

18-22 Bridge Street,

Spinningfields,

Manchester

M3 3BZ

CURRENT ASSETS

Debtors

4

1,152,838

1,135,977

Cash at bank

490

378

1,153,328

1,136,355

CREDITORS

Amounts falling due within one year

5

127,457

134,712

NET CURRENT ASSETS

1,025,871

1,001,643

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,871

1,001,643

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Retained earnings

965,871

941,643

SHAREHOLDERS' FUNDS

1,025,871

1,001,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2020 and were signed by:

P Murray - Director

1.	STATUTORY INFORMATION

Multiplex Financial Trustees Limited is a private company, limited by shares , registered in England and 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is recognised on new business income when the contract is confirmed on the third party receipt.

Revenue is recognised on recurring income on the date of renewal 30 days in advance of receipt.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

41,039

123,164

Amounts owed by group undertakings

1,099,949

1,012,813

Prepayments and accrued income

11,850

-

1,152,838

1,135,977

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Amounts owed to group undertakings

114,654

117,354

Tax

5,683

-

VAT

1,020

200

Accrued expenses

6,100

17,158

127,457

134,712

6.	RELATED PARTY DISCLOSURES

At 31 December 2019 the company was owed £1,099,949 (2018: £1,012,813) by Corlea Limited, a company

under common control.

The amount is interest free and repayable on demand.

At 31 December 2019 the company owed £101,342 (2018: £01,342) to Multiplex Pension Trustees Limited, a

company under common control.

The amount is interest free and repayable on demand.

At 31 December 2019 the company owed £13,312 (2018: £15,812) to Healthtrust Management Services

Limited, a company under common control.

The amount is interest free and repayable on demand.