| Scarborough Maritime Heritage Centre Ltd |
| Registered number: |
06755717 |
| Balance Sheet |
| as at 30 November 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
127,211 |
|
|
127,211 |
|
| Current assets |
| Stocks |
|
|
85 |
|
|
85 |
| Debtors |
4 |
|
419 |
|
|
396 |
| Cash at bank and in hand |
|
|
19,482 |
|
|
24,173 |
|
|
|
19,986 |
|
|
24,654 |
|
| Creditors: amounts falling due within one year |
5 |
|
(306) |
|
|
(300) |
|
| Net current assets |
|
|
|
19,680 |
|
|
24,354 |
|
| Total assets less current liabilities |
|
|
|
146,891 |
|
|
151,565 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(15,075) |
|
|
|
| Net assets |
|
|
|
146,891 |
|
|
136,490 |
|
|
|
|
|
|
|
|
| FUNDS |
| Funds |
|
|
|
146,891 |
|
|
136,490 |
|
| TOTAL FUNDS |
|
|
|
146,891 |
|
|
136,490 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mark Vesey |
| Director |
| Approved by the board on 8 February 2022 |
|
| Scarborough Maritime Heritage Centre Ltd |
| Notes to the Accounts |
| for the year ended 30 November 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 3 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
All income and gains are exempt from corporation tax and have been, or will be, applied for charitable or qualifing purposes. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 December 2020 |
127,211 |
|
9,244 |
|
136,455 |
|
At 30 November 2021 |
127,211 |
|
9,244 |
|
136,455 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2020 |
- |
|
9,244 |
|
9,244 |
|
At 30 November 2021 |
- |
|
9,244 |
|
9,244 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2021 |
127,211 |
|
- |
|
127,211 |
|
At 30 November 2020 |
127,211 |
|
- |
|
127,211 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
419 |
|
396 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors |
306 |
|
300 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Bank loans |
- |
|
15,075 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Scarborough Maritime Heritage Centre Ltd is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
45 Eastborough |
|
Scarborough |
|
North Yorkshire |
|
YO11 1NH |
|
| 8 |
Ultimate controlling party |
|
|
The company is under the control of the members who have elected the directors to run the charity on their behalf. |
