Firle Place Preservation Trust Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01608246 (England and Wales)

FIRLE PLACE PRESERVATION TRUST LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5TH APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Lord Charles Cecil

J M Gage

Mrs C Irvine

SECRETARY:

J D G Feakins

REGISTERED OFFICE:

Firle Place

Firle

LEWES

East Sussex

BN8 6LP

REGISTERED NUMBER:

01608246 (England and Wales)

ACCOUNTANTS:

Clark Brownscombe Limited

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

FIXED ASSETS

Tangible assets

2

17,507

5,095

CURRENT ASSETS

Stocks

2,647

3,234

Debtors

6,001

1,478

Cash in hand

255

155

8,903

4,867

CREDITORS

Amounts falling due within one year

49,840

15,864

NET CURRENT LIABILITIES

(40,937

)

(10,997

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,430

)

(5,902

)

CREDITORS

Amounts falling due after more than one year

30,000

30,000

NET LIABILITIES

(53,430

)

(35,902

)

RESERVES

Income and expenditure account

(53,430

)

(35,902

)

(53,430

)

(35,902

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20th October 2014 and were signed on its behalf by:

Lord Charles Cecil - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

These financial statements have been prepared on the going concern basis as the directors have received

assurances from the Trustees of Firle Estate Settlement that they would support the company in meeting its day

to day working capital requirements for at least twelve months from the date of these financial statements being

signed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2013

9,821

Additions

15,515

At 5th April 2014

25,336

DEPRECIATION

At 6th April 2013

4,726

Charge for year

3,103

At 5th April 2014

7,829

NET BOOK VALUE

At 5th April 2014

17,507

At 5th April 2013

5,095

3.	LIMITED BY GUARANTEE

The company is limited by guarantee, having no share capital, members having a liability not exceeding £1 each.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Firle Place Preservation Trust Limited for the year ended 5th April 2014 which comprise the

Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Firle Place Preservation Trust Limited, as a body, in accordance

with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of Firle Place Preservation Trust Limited and state those matters that we have agreed to state to the Board of

Directors of Firle Place Preservation Trust Limited, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Firle Place Preservation Trust Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Firle

Place Preservation Trust Limited. You consider that Firle Place Preservation Trust Limited is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Firle Place Preservation

Trust Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Clark Brownscombe Limited

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

20th October 2014