Abbreviated Company Accounts - THE NATIONAL LIFE STORY COLLECTION

Abbreviated Company Accounts - THE NATIONAL LIFE STORY COLLECTION


Registered Number 02172518

THE NATIONAL LIFE STORY COLLECTION

Abbreviated Accounts

31 December 2015

THE NATIONAL LIFE STORY COLLECTION Registered Number 02172518

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Investments 3 798,021 818,259
798,021 818,259
Current assets
Debtors 4 11,836 4,652
Cash at bank and in hand 404,712 456,937
416,548 461,589
Creditors: amounts falling due within one year 5 (8,962) (29,680)
Net current assets (liabilities) 407,586 431,909
Total assets less current liabilities 1,205,607 1,250,168
Total net assets (liabilities) 1,205,607 1,250,168
Reserves
Revaluation reserve 200,000 200,000
Other reserves 417,837 410,431
Income and expenditure account 587,770 639,737
Members' funds 1,205,607 1,250,168
  • For the year ending 31 December 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 26 May 2016

And signed on their behalf by:
Jenny Abramsky, Director

THE NATIONAL LIFE STORY COLLECTION Registered Number 02172518

Notes to the Abbreviated Accounts for the period ended 31 December 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.

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

3Fixed assets Investments
Investments market value at 1 January 2015: £818259
Disposal: -£15000
Loss on revaluation: -£5238
Value at 31 December 2015: £798021
Comprising: UK Unit Trust (Charifund) £419592 and UK Ruffer LLP (managed fund) £378429

4Debtors

Debtors £9280
Prepayments and accrued income £2556

5Creditors
2015
£
2014
£
Secured Debts 8,962 29,680