Bolton & South Lancashire Community Rail Partnership Ltd Filleted accounts for Companies House (small and micro)

BOLTON AND SOUTH LANCASHIRE COMMUNITY RAIL PARTNERSHIP LTD - Company Information

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COMPANY REGISTRATION NUMBER: 12841724

BOLTON & SOUTH LANCASHIRE COMMUNITY RAIL PARTNERSHIP LTD

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2023

BOLTON & SOUTH LANCASHIRE COMMUNITY RAIL PARTNERSHIP LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 August 2023

	2023		2022
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	134	–
Cash at bank and in hand		103,053	70,425
		-----------	---------
		103,187	70,425

CREDITORS: amounts falling due within one year	6	103,187		70,425

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 May 2024 , and are signed on behalf of the board by:

Mr R H Walker

Director

Company registration number: 12841724

BOLTON & SOUTH LANCASHIRE COMMUNITY RAIL PARTNERSHIP LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Bolton Hub, Bold Street, Bolton, BL1 1LS.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Grants received

Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee. The liability of each member shall not exceed £1.

5. DEBTORS

	2023	2022
	£	£
Other debtors	134	–
	-----	-----

6. CREDITORS: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	23,023	11,792
Accruals and deferred income	1,464	1,344
Grants received in advance	78,700	57,289
	-----------	---------
	103,187	70,425
	-----------	---------