Abbreviated Company Accounts - YARNER TRUST(THE)

Registered Number 01528468

YARNER TRUST(THE)

Abbreviated Accounts

19 February 2015

YARNER TRUST(THE) Registered Number 01528468

Abbreviated Balance Sheet as at 19 February 2015

	Notes	19/02/2015	31/12/2014
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	1,396,882	45,383
Investments		-	-
		1,396,882	45,383
Current assets
Stocks		-	-
Debtors	4	1,100	-
Investments		-	-
Cash at bank and in hand		107,788	109,980
		108,888	109,980
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(8,606)	(2,363)
Net current assets (liabilities)		100,282	107,617
Total assets less current liabilities		1,497,164	153,000
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		1,497,164	153,000
Reserves
Revaluation reserve		1,351,500	0
Other reserves		153,000	149,245
Income and expenditure account		(7,336)	3,755
Members' funds		1,497,164	153,000

For the year ending 19 February 2015 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 19 May 2015

And signed on their behalf by:
Mr Richard Harding, Director
Mrs Ruth Compton, Director

YARNER TRUST(THE) Registered Number 01528468

Notes to the Abbreviated Accounts for the period ended 19 February 2015

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.

Turnover policy
Income comprises amounts received from Rents, Course Fees, and Sundry Income, for the period January 1st 2015 until the 18th February 2015, when the Company ceased to trade.

Tangible assets depreciation policy
Plant and Machinery has been depreciated at 25% reducing balance until the 31st December 2014, and was not depreciated in the year of disposal.

Intangible assets amortisation policy
Nil Intangible Assets held.

Valuation information and policy
The Fixed Assets of Freehold Land and Buildings were acquired by donation at Nil cost, and have been revalued by a Chartered Surveyor in March 2013. The revaluation reserve reflects this increase in BS value, prior to transfer of the assets and Liabilites to the Gaia Trust on the 19th February 2015.

Other accounting policies
The accounts have been prepared on the going concern basis owing to the transfer to the Gaia Trust, who will continue the aims of the Yarner Trust Limited. The Directors have applied to have the Company struck off the register.

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

3Tangible fixed assets

	£
Cost
At 1 January 2015	67,352
Additions	0
Disposals	0
Revaluations	1,351,500
Transfers	0
At 19 February 2015	1,418,852
Depreciation
At 1 January 2015	21,969
Charge for the year	1
On disposals	0
At 19 February 2015	21,970
Net book values
At 19 February 2015	1,396,882
At 31 December 2014	45,383

Freehold Land and Buildings donated to Trust at Nil Cost, revalued on transfer of the assets to The Gaia Trust on the 19th February 2015, at Nil consideration.

4Debtors

	19/02/2015 £	31/12/2014 £
Debtors include the following amounts due after more than one year	1,100	0

Rent deposits held outside Trust for Tenants, repayment date unknown.