Aspinalls Fiduciary Limited - Limited company accounts 20.1

REGISTERED NUMBER: 05055979 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2019 TO 5 APRIL 2020

FOR

ASPINALLS FIDUCIARY LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S Dunn

J N J Hoyland

R H Ibbotson

P Patient

M E Waller

J N J Hoyland

SECRETARY:

L A R Paris

REGISTERED OFFICE:

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

REGISTERED NUMBER:

05055979 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

The directors present their report with the financial statements of the company for the period 1 January 2019 to 5 April 2020.

REPORTING PERIOD EXTENSION

The current reporting period end was extended from 31 December 2019 to 5 April 2020 in order to bring the reporting period in line with the rest of the group. As a result of this change we acknowledge that the figures in the comparative period are not entirely comparable to those in the current period.

UNAUDITED COMPARATIVES

The figures from the prior year were not audited as the company did not require a statutory audit under the Companies Act 2006.

DIRECTORS

The directors who have held office during the period from 1 January 2019 to the date of this report are as follows:

M R A Carlton - appointed 27 January 2020

S Dunn - appointed 27 January 2020

G J Festa - appointed 27 January 2020

J N J Hoyland - appointed 27 January 2020

R H Ibbotson - appointed 27 January 2020

P Patient - appointed 27 January 2020

M E Waller - appointed 27 January 2020

D B H Aspinall - resigned 27 January 2020

J N J Hoyland - appointed 27 January 2020

M R A Carlton and G J Festa ceased to be directors after 5 April 2020 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

L A R Paris - Secretary

5 November 2020

TURNOVER

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

-

-

PROFIT FOR THE FINANCIAL PERIOD

-

-

CURRENT ASSETS

Debtors

4

100

100

TOTAL ASSETS LESS CURRENT LIABILITIES

100

100

CAPITAL AND RESERVES

Called up share capital

5

100

100

SHAREHOLDERS' FUNDS

100

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 5 November 2020 and were signed on its behalf by:

S Dunn - Director

P Patient - Director

1.	STATUTORY INFORMATION

Aspinalls Fiduciary 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.

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 pound.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the impact of the COVID-19 outbreak and the measures taken to contain it on the company and whilst the ultimate impact cannot currently be quantified, given the nature of the company's activities the directors do not believe that the impact will be significant. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the period 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 period 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 period was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2018

£

£

Other debtors

100

100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2018

value:

£

£

100

Ordinary

1

100

100

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors of its ultimate parent company HFMC Wealth Holdings Limited.

There was a change in ownership of the company during the period, where all the shares in Aspinalls Group Limited, the immediate parent company, were purchased by HFMC Group Holdings Limited, the immediate parent company of Aspinalls Group Limited