| T Mark Hall Foundation |
| Registered number: |
09274117 |
| Balance Sheet |
| as at 6 April 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
414 |
|
|
202 |
| Investments |
3 |
|
|
323,494 |
|
|
322,916 |
|
|
|
|
323,908 |
|
|
323,118 |
|
| Current assets |
| Debtors |
4 |
|
696 |
|
|
39 |
| Cash at bank and in hand |
|
|
25,653 |
|
|
24,944 |
|
|
|
26,349 |
|
|
24,983 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,200) |
|
|
- |
|
| Net current assets |
|
|
|
25,149 |
|
|
24,983 |
|
| Net assets |
|
|
|
349,057 |
|
|
348,101 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Capital - Legacy received |
|
|
|
353,839 |
|
|
353,839 |
| Profit and loss account |
|
|
|
(4,782) |
|
|
(5,738) |
|
| Shareholders' funds |
|
|
|
349,057 |
|
|
348,101 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| 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 profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr P T Manning |
| Director |
| Approved by the board on 8 March 2019 |
|
| T Mark Hall Foundation |
| Notes to the Accounts |
| for the period from 1 January 2018 to 6 April 2018 |
|
|
| 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: |
|
|
Office equipment and furniture |
over 4 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment & furniture |
| £ |
|
Cost |
|
At 1 January 2018 |
270 |
|
Additions |
373 |
|
At 6 April 2018 |
643 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
68 |
|
Charge for the period |
161 |
|
At 6 April 2018 |
229 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 6 April 2018 |
414 |
|
At 31 December 2017 |
202 |
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2018 |
322,917 |
|
Additions |
577 |
|
|
At 6 April 2018 |
323,494 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Tax repayable |
|
|
|
|
60 |
|
39 |
|
Investment income receivable |
|
|
|
|
636 |
|
- |
|
|
|
|
|
|
696 |
|
39 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Accruals |
|
|
|
|
1,200 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2018 |
|
2017 |
| £ |
£ |
|
|
At 1 January 2018 |
- |
|
28,142 |
|
Write back of revaulation reserve |
- |
|
(28,142) |
|
|
At 6 April 2018 |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
T Mark Hall Foundation is a private company limited by gurantee and incorporated in England. Its registered office is: |
|
26 Groby Lane |
|
Newtown Linford |
|
Leicester |
|
LE6 0HH |
