Firle Place Preservation Trust Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01608246 (England and Wales)

FIRLE PLACE PRESERVATION TRUST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

J M Gage

Mrs C Godman Irvine

REGISTERED OFFICE:

Trinity House

School Hill

Lewes

East Sussex

BN7 2NN

REGISTERED NUMBER:

01608246 (England and Wales)

ACCOUNTANTS:

Clark Brownscombe

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

FIXED ASSETS

Tangible assets

4

3,851

399

CURRENT ASSETS

Stocks

3,004

5,809

Debtors

5

45,680

33,583

Cash in hand

-

400

48,684

39,792

CREDITORS

Amounts falling due within one year

6

105,406

92,327

NET CURRENT LIABILITIES

(56,722

)

(52,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,871

)

(52,136

)

CREDITORS

Amounts falling due after more than one year

7

30,000

30,000

NET LIABILITIES

(82,871

)

(82,136

)

RESERVES

Income and expenditure account

(82,871

)

(82,136

)

(82,871

)

(82,136

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 16th November 2020 and were signed on its behalf by:

J M Gage - Director

1.	STATUTORY INFORMATION

Firle Place Preservation Trust 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

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 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.

Going concern

These financial statements have been prepared on the going concern basis as the directors have received assurances from the Trustees of Firle Estate Settlement that they would support the company in meeting its day to day working capital requirements for at least twelve months from the date of these financial statements being signed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 6th April 2019

8,665

17,170

25,835

Additions

-

4,440

4,440

At 5th April 2020

8,665

21,610

30,275

DEPRECIATION

At 6th April 2019

8,665

16,771

25,436

Charge for year

-

988

988

At 5th April 2020

8,665

17,759

26,424

NET BOOK VALUE

At 5th April 2020

-

3,851

3,851

At 5th April 2019

-

399

399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

45,680

33,583

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

41,313

43,541

Trade creditors

11,518

10,439

Other creditors

52,575

38,347

105,406

92,327

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

30,000

30,000

8.	LIMITED BY GUARANTEE

The company is limited by guarantee, having no share capital, members having a liability not exceeding £1 each.

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 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 Firle Place Preservation Trust Limited for the year ended 5th April 2020 which comprise the Income Statement, 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 Firle Place Preservation Trust 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 Firle Place Preservation Trust Limited and state those matters that we have agreed to state to the Board of Directors of Firle Place Preservation Trust 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 Firle Place Preservation Trust Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Firle Place Preservation Trust 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 loss of Firle Place Preservation Trust Limited. You consider that Firle Place Preservation Trust Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Firle Place Preservation Trust 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.

Clark Brownscombe

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

16th November 2020