Abbreviated Company Accounts - SQUARE FOUNDATION LIMITED

Abbreviated Company Accounts - SQUARE FOUNDATION LIMITED

SQUARE FOUNDATION LIMITED - Company Information

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Registered Number 03625736

SQUARE FOUNDATION LIMITED

Abbreviated Accounts

30 September 2015

SQUARE FOUNDATION LIMITED Registered Number 03625736

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 1,773,267 1,775,638
1,773,267 1,775,638
Current assets
Cash at bank and in hand 1,922 4,587
1,922 4,587
Creditors: amounts falling due within one year (46,064) (45,757)
Net current assets (liabilities) (44,142) (41,170)
Total assets less current liabilities 1,729,125 1,734,468
Creditors: amounts falling due after more than one year (296,402) (324,647)
Total net assets (liabilities) 1,432,723 1,409,821
Reserves
Income and expenditure account 1,432,723 1,409,821
Members' funds 1,432,723 1,409,821
  • For the year ending 30 September 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 2016

And signed on their behalf by:
Mr M Surkis, Director

SQUARE FOUNDATION LIMITED Registered Number 03625736

Notes to the Abbreviated Accounts for the period ended 30 September 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 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2005) issued March 2005 and Companies Act 2006.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, Fittings & Equipment 12.5% net book value
Library 10% net book value

Other accounting policies
Voluntary income is received by way of donations and is included in the full Statement of Financial Activities when receivable.

Resources expended are recognised in the year in which they are incurred.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

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

3Tangible fixed assets
£
Cost
At 1 October 2014 1,848,273
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 1,848,273
Depreciation
At 1 October 2014 72,635
Charge for the year 2,371
On disposals -
At 30 September 2015 75,006
Net book values
At 30 September 2015 1,773,267
At 30 September 2014 1,775,638