The St James the Less Preservation Trust
The St James the Less Preservation Trust
Registered number: 05042903
Financial Statements
For The Year Ended
31 December 2019
Leathley & Co
Suite 2/3 Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
The St James the Less Preservation Trust
Financial Statements
For The Year Ended
31 December 2019
Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
The St James the Less Preservation Trust
Balance Sheet
As at
31 December 2019
Balance Sheet
Registered number:
05042903
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| RESERVES | |||||
| Revaluation reserve | 7 |
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| Income and Expenditure Account |
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| MEMBERS' FUNDS | 1,033,875 | 1,029,740 | |||
Page 1
The St James the Less Preservation Trust
Balance Sheet (continued)
As at
31 December 2019
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
The St James the Less Preservation Trust
Notes to the Financial Statements
For The Year Ended
31 December 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2018: 1)
3.
Tangible Assets
| Land & Property | |
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| Freehold | |
| £ | |
| Cost | |
| As at
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| As at
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| Net Book Value | |
| As at
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| As at
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4.
Stocks
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - finished goods |
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Page 3
The St James the Less Preservation Trust
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2019
5.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other taxes and social security |
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6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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7.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at
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| As at
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8.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9.
General Information
The St James the Less Preservation Trust
is a private company, limited by guarantee, incorporated in England & Wales, registered number
05042903
. The registered office is Spring Bank Arts Centre Spring Bank, New Mills, High Peak, Derbyshire, SK22 4BH.
Page 4