| Thursdays Trust Limited |
| Registered number: |
05186546 |
| Balance Sheet |
| as at 31 July 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
132 |
|
|
168 |
|
| Current assets |
| Cash at bank and in hand |
|
|
4,781 |
|
|
6,405 |
|
| Creditors: amounts falling due within one year |
4 |
|
(5,677) |
|
|
(1,748) |
|
| Net current (liabilities)/assets |
|
|
|
(896) |
|
|
4,657 |
|
| Net (liabilities)/assets |
|
|
|
(764) |
|
|
4,825 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Reserves |
|
|
|
(764) |
|
|
4,825 |
|
| Retained Reserves |
|
|
|
(764) |
|
|
4,825 |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| Mr P Hemmings |
| Director |
| Approved by the board on 22 April 2022 |
|
| Thursdays Trust Limited |
| Notes to the Accounts |
| for the year ended 31 July 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). |
|
|
Going Concern |
|
The accounts show net liabilities. The Director's consider it appropriate that the financial statements are prepared on a going concern basis as the Director's, continue to support the business financially. |
|
|
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
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: |
|
|
Leasehold Improvements |
over 10 years |
|
Fixtures, fittings and equipment |
over 6.66 years |
|
|
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 |
|
There is no tax payable as the company is a not for profit making orgnaisation. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Leasehold Improvements to Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2020 |
24,958 |
|
15,693 |
|
40,651 |
|
At 31 July 2021 |
24,958 |
|
15,693 |
|
40,651 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2020 |
24,958 |
|
15,525 |
|
40,483 |
|
Charge for the year |
- |
|
36 |
|
36 |
|
At 31 July 2021 |
24,958 |
|
15,561 |
|
40,519 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2021 |
- |
|
132 |
|
132 |
|
At 31 July 2020 |
- |
|
168 |
|
168 |
|
|
| 4 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade creditors |
324 |
|
143 |
|
Other creditors |
5,353 |
|
1,605 |
|
|
|
|
|
|
5,677 |
|
1,748 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Statement of movement on reserves |
2021 |
|
2020 |
| £ |
£ |
|
|
Balance as at 1st August 2020 |
4,825 |
|
2,122 |
|
Deficit for the Year |
(5,589) |
|
2,703 |
|
|
Balance as at 31st July 2021 |
(764) |
|
4,825 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
During the year the director, Mr T D Indge continued to rent a room at the Pen-Y-Pound Stadium. Mr T D Indge paid a total of £NIL in rent during the year. (2020: £875.00)
All transactions are at arms length.
|
|
|
| 7 |
Other information |
|
|
Thursdays Trust Limited is a private company limited by guarantee and incorporated in England and Wales. Its registered office is: |
|
Pen-Y-Pound Stadium |
|
Pen-Y-Pound |
|
Abergavenny |
|
Monmouthshire |
|
NP7 7RN |
