Tir-Y-Cwm Trust Limited - Filleted accounts

Tir-Y-Cwm Trust Limited - Filleted accounts

TIR-Y-CWM TRUST LIMITED - Company Information

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Registered number
01686498
Tir-Y-Cwm Trust Limited
Filleted Accounts
31 March 2023
Tir-Y-Cwm Trust Limited
Registered number: 01686498
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 375,000 375,000
Current assets
Cash at bank and in hand 1,912 9,145
Creditors: amounts falling due within one year 4 (300) (300)
Net current assets 1,612 8,845
Net assets 376,612 383,845
FUNDS
Unrestricted funds 376,612 383,845
Shareholders' funds 376,612 383,845
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
D Brewer
Director
Approved by the board on 31 October 2023
Tir-Y-Cwm Trust Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Debtors and creditors
Debtors and creditors with no stated rate and receivable or payable within one year are recorded at transaction price. Any losses from impairment are recognised as expenditure.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 375,000
At 31 March 2023 375,000
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 375,000
At 31 March 2022 375,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 300 300
5 Other information
Tir-Y-Cwm Trust Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beechen Cliff School
Kipling Avenue
Bath
BA2 4RE
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