Hoole Community Development Trust - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07950960 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 February 2020

for

Hoole Community Development Trust

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A R K Black

A G V Riddell

R J Heather

Mrs A C M Lewis

P J Tasker

Mrs P Higgins

REGISTERED OFFICE:

Hoole Community Centre Westminster Road

Hoole

Chester

Cheshire

CH2 3AP

REGISTERED NUMBER:

07950960 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

CURRENT ASSETS

Debtors

5

12,204

14,801

Cash at bank

48,174

41,423

60,378

56,224

CREDITORS

Amounts falling due within one year

6

17,193

34,351

NET CURRENT ASSETS

43,185

21,873

TOTAL ASSETS LESS CURRENT LIABILITIES

43,185

21,873

RESERVES

Retained earnings

43,185

21,873

MEMBERS' FUNDS

43,185

21,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 profit or loss 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:

R J Heather - Director

1.	STATUTORY INFORMATION

Hoole Community Development Trust 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover

Revenue 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

-

33% on cost

Taxation

Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 March 2019

and 29 February 2020

8,936

DEPRECIATION

At 1 March 2019

and 29 February 2020

8,936

NET BOOK VALUE

At 29 February 2020

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade debtors

10,204

14,801

Prepayments

2,000

-

12,204

14,801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Trade creditors

2,321

440

Other creditors

5,645

11,895

Accrued expenses

9,227

22,016

17,193

34,351