The Trustland Group Limited - Limited company - abbreviated - 11.6
The Trustland Group Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| THE TRUSTLAND GROUP LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| THE TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Report of the Accountants | 7 |
| THE TRUSTLAND GROUP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| THE TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| ABBREVIATED BALANCE SHEET |
| 31ST DECEMBER 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks | ( |
) |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST DECEMBER 2014 |
| The financial statements were approved by the Board of Directors on |
| THE TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life or, if held under a finance lease, over the lease term, whichever is shorter. |
| Freehold property - 2% on reducing balance |
| Web site development - 25% on cost |
| Plant and machinery - 15% on reducing balance |
| Fixtures and fittings - 15% on reducing balance |
| Motor vehicles - 25% on reducing balance |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2014 |
| Additions |
| At 31st December 2014 |
| DEPRECIATION |
| At 1st January 2014 |
| Charge for year |
| At 31st December 2014 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| THE TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st January 2014 |
| and 31st December 2014 | 589,458 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (1,340,070 | ) | (1,265,183 | ) |
| Loss for the year | (74,885 | ) | (120,981 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 578,227 | 578,227 |
| THE TRUSTLAND GROUP LIMITED (REGISTERED NUMBER: 01041277) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2014 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Loans |
| £ |
| At 1st January 2014 | 1,325,822 |
| Additions | 216,458 |
| At 31st December 2014 | 1,542,280 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 0.10 |
| THE TRUSTLAND GROUP LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| THE TRUSTLAND GROUP LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of The Trustland Group Limited for the year ended 31st December 2014 which comprise the Profit |
| and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| This report is made solely to the Board of Directors of The Trustland Group Limited, as a body, in accordance with our |
| terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The |
| Trustland Group Limited and state those matters that we have agreed to state to the Board of Directors of The Trustland |
| Group Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the |
| fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that The Trustland Group Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Trustland |
| Group Limited. You consider that The Trustland Group Limited is exempt from the statutory audit requirement for the |
| year. |
| We have not been instructed to carry out an audit or a review of the financial statements of The Trustland Group |
| Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 26th June 2015 |