Abbreviated Company Accounts - ANIMATE (RYE)

Registered Number 03659178

ANIMATE (RYE)

Abbreviated Accounts

31 March 2014

ANIMATE (RYE) Registered Number 03659178

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	505	631
Investments	4	170,000	170,000
		170,505	170,631
Current assets
Debtors		-	1,500
Cash at bank and in hand		4,793	1,498
		4,793	2,998
Creditors: amounts falling due within one year		(12,105)	(15,925)
Net current assets (liabilities)		(7,312)	(12,927)
Total assets less current liabilities		163,193	157,704
Total net assets (liabilities)		163,193	157,704
Reserves
Other reserves		157,704	159,388
Income and expenditure account		5,489	(1,684)
Members' funds		163,193	157,704

For the year ending 31 March 2014 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.

Approved by the Board on 12 March 2015

And signed on their behalf by:
Mr S H Souster, Director

ANIMATE (RYE) Registered Number 03659178

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 33% on cost
Fixtures and fittings - 20% on reducing balance

Valuation information and policy
Investment property is shown at market value. Any surplus or deficit arising on a revaluation is transferred to the general fund.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

Taxation
The charity is exempt from corporation tax on its charitable activities.

3Tangible fixed assets

	£
Cost
At 1 April 2013	7,589
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	7,589
Depreciation
At 1 April 2013	6,958
Charge for the year	126
On disposals	-
At 31 March 2014	7,084
Net book values
At 31 March 2014	505
At 31 March 2013	631

4Fixed assets Investments
Included in Investment Property is freehold land valued at £-(2013-£-).

Following the relocation of Animate's activities to the Tilling Green Community Centre, the freehold property is now, in the trustee's opinion, considered to be an investment property.

The investment property was valued on an open market basis at £170,000 by Phillips & Stubbs on 17 December 2012.