Maria Theresia Trust UK - Period Ending 2016-03-31

MARIA THERESIA TRUST UK - Company Information

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Registration number: 07584135

Maria Theresia Trust UK

(A company limited by guarantee)

Unaudited Abbreviated Accounts

31 March 2016

Maria Theresia Trust UK
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Financial Statements of
Maria Theresia Trust UK
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maria Theresia Trust UK for the year ended 31 March 2016 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Maria Theresia Trust UK, as a body, in accordance with the terms of our engagement letter dated 4 April 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Maria Theresia Trust UK and state those matters that we have agreed to state to them, 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 Maria Theresia Trust UK and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Maria Theresia Trust UK 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 loss of Maria Theresia Trust UK. You consider that Maria Theresia Trust UK 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 Maria Theresia Trust UK. 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.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

30 January 2017

Page 1

Maria Theresia Trust UK
(Registration number: 07584135)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Current assets
Debtors		10,000	10,000
Cash at bank and in hand		5	-
		10,005	10,000
Creditors: Amounts falling due within one year		(35,707)	(35,191)
Net liabilities		(25,702)	(25,191)
Capital and reserves
Profit and loss account		(25,702)	(25,191)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the director on 30 January 2017

.........................................
G Woltron
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Maria Theresia Trust UK
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The company has net liabilities at 31 March 2016 and meets its day to day working capital requirements through its parent foundation and its director who have provided financial support by way of short term loans. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.However, should the company not have the support of its parent foundation and director, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

2	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 liabilities of the company in the event of liquidation.

3	Control and ultimate parent company

The company is controlled by Maria Theresia Privatstiftung, a private foundation registered in Austria, which is the sole member of Maria Theresia Trust UK.

Page 3