Cabot Trustees Limited - Accounts to registrar (filleted) - small 17.3
Cabot Trustees Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2017 |
| for |
| Cabot Trustees Limited |
| Cabot Trustees Limited (Registered number: 03184466) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Cabot Trustees Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| 20-21 Bath Place |
| Taunton |
| Somerset |
| TA1 4ER |
| Cabot Trustees Limited (Registered number: 03184466) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 7 |
| Retained earnings |
| SHAREHOLDER FUNDS |
| Cabot Trustees Limited (Registered number: 03184466) |
| Balance Sheet - continued |
| 31 March 2017 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Cabot Trustees Limited (Registered number: 03184466) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Cabot Trustees Limited is a |
| 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 |
| Turnover |
| Turnover represents revenue received in exchange for services, net of value added tax. |
| Revenue is recognised as earned when and to the extent that the firm obtains the right to |
| consideration in exchange for its performance under these contracts. It is measured at the fair |
| value of the right to consideration, which represents amounts chargeable to clients, including |
| expenses and disbursements but excluding value added tax. |
| Revenue is generally recognised as contract activity progresses so that for incomplete contracts it |
| reflects the partial performance of the contractual obligations. For such contracts the amount of |
| revenue reflects the accrual of the right to consideration by reference to the value of work |
| performed. Revenue for services that have not yet been performed is recognised within other |
| debtors. |
| 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. |
| Cabot Trustees Limited (Registered number: 03184466) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 3. | FIXED ASSET INVESTMENTS |
| Fixed asset investments comprise available-for-sale financial assets measured at fair value with |
| unrealised holding gains and losses deferred until they are realised or impairment occurs. |
| The carrying amount of available-for-sale financial assets at the reporting date is £190,501 (2015: |
| £61,895). Fair value has been determined using quoted market price in an active market. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other creditors |
| 7. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2016 |
| Revaluation: financial assets available-for-sale |
15,211 |
| At 31 March 2017 |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is N M Perris. |