Large Model Aircraft Association Limited - Accounts to registrar (filleted) - small 18.2

Large Model Aircraft Association Limited - Accounts to registrar (filleted) - small 18.2

LARGE MODEL AIRCRAFT ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 11711983 (England and Wales)

























Unaudited Financial Statements

for the Period

5 December 2018 to 30 September 2019

for

Large Model Aircraft Association Limited
Large Model Aircraft Association Limited (Registered number: 11711983)






Contents of the Financial Statements
for the Period 5 December 2018 to 30 September 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Large Model Aircraft Association Limited

Company Information
for the Period 5 December 2018 to 30 September 2019







DIRECTORS: G A Ailsby
R W Buckley
A T Hooper
D A Johnson
I T Jones
J P Ladell
R E Maltby
P H Needham
Mrs L M Roberts
Mrs S J Russell
I Russell
I Turney-White





SECRETARY: R W Buckley





REGISTERED OFFICE: Chacksfield House
31 St Andrews Road
Leicester
LE2 8RE





REGISTERED NUMBER: 11711983 (England and Wales)





ACCOUNTANTS: HSKS Greenhalgh
Chartered Accountants
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG1 6EE
Page 1
Large Model Aircraft Association Limited (Registered number: 11711983)

Abridged Balance Sheet
30 September 2019

Notes £    £   
FIXED ASSETS
Tangible assets 4 8,882

CURRENT ASSETS
Stocks 208
Debtors 1,756
Cash at bank and in hand 114,220
116,184
CREDITORS
Amounts falling due within one year 4,575
NET CURRENT ASSETS 111,609
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,491

PROVISIONS FOR LIABILITIES 1,510
NET ASSETS 118,981

RESERVES
Income and expenditure account 118,981
118,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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.

The notes form part of these financial statements

Page 2 continued...
Large Model Aircraft Association Limited (Registered number: 11711983)

Abridged Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 26 June 2020
and were signed on its behalf by:





I Russell - Director


The notes form part of these financial statements

Page 3
Large Model Aircraft Association Limited (Registered number: 11711983)

Notes to the Financial Statements
for the Period 5 December 2018 to 30 September 2019

1. STATUTORY INFORMATION

Large Model Aircraft Association Limited is a private company, limited by guarantee , registered in
England and Wales. The company's registered number and registered office address can be found on
the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income received from subscriptions and events.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

Page 4 continued...
Large Model Aircraft Association Limited (Registered number: 11711983)

Notes to the Financial Statements - continued
for the Period 5 December 2018 to 30 September 2019

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 11,377
At 30 September 2019 11,377
DEPRECIATION
Charge for period 2,495
At 30 September 2019 2,495
NET BOOK VALUE
At 30 September 2019 8,882

5. DONATIONS

On 31 December 2018, the Large Model Association transferred it's property, rights, assets and
liabilities to Large Model Aircraft Association Limited. The amount transferred included in other income
received is treated as a donation and has been measured at fair value.

6. MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of
members is limited, subject to an undertaking by each member to contribute to the net assets or
liabilities of the company on winding up, such amounts as may be required not exceeding £1.

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Large Model Aircraft Association Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and
certain other primary statements and the Report of the Directors are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Large Model Aircraft Association Limited for the period ended 30 September 2019
which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Large Model Aircraft Association Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Large Model Aircraft Association Limited and state those matters that we have agreed to state to the Board of Directors of Large Model Aircraft Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Large Model Aircraft Association Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Large Model Aircraft Association Limited 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 profit of Large Model Aircraft Association Limited. You consider that Large Model Aircraft Association Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Large Model Aircraft Association Limited. 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.






HSKS Greenhalgh
Chartered Accountants
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG1 6EE


29 June 2020

This page does not form part of the statutory financial statements

Page 6