NEPALESE ACCOUNTANTS ASSOCIATION UK
NEPALESE ACCOUNTANTS ASSOCIATION UK
Registered number: 11487837
Unaudited Financial Statements
For The Year Ended
31 July 2022
NEPALESE ACCOUNTANTS ASSOCIATION UK
Unaudited Financial Statements
For The Year Ended
31 July 2022
Unaudited Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3 |
Page 1
NEPALESE ACCOUNTANTS ASSOCIATION UK
Statement of Financial Position
As at
31 July 2022
Statement of Financial Position
Registered number:
11487837
For the year ending 31 July 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Income Statement |
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| MEMBERS' FUNDS | 1,399 | 1,584 | |||
Page 1
Page 2
NEPALESE ACCOUNTANTS ASSOCIATION UK
Statement of Financial Position (continued)
As at
31 July 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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Director
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The notes on page 3 form part of these financial statements.
Page 2
Page 3
NEPALESE ACCOUNTANTS ASSOCIATION UK
Notes to the Financial Statements
For The Year Ended
31 July 2022
Notes to the Financial Statements
1.
General Information
NEPALESE ACCOUNTANTS ASSOCIATION UK
is a private company, limited by guarantee, incorporated in England & Wales, registered number
11487837
. The registered office is 1 Kings Avenue, London, N21 3NA.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover represents the total income received as membership fees during the year.
2.4.
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3.
Average Number of Employees
Average number of employees, including directors, during the year was 9 (2021: 9)
4.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Accruals and deferred income |
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5.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3