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 2016

SQUARE FOUNDATION LIMITED Registered Number 03625736

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 1,771,184 1,773,267
1,771,184 1,773,267
Current assets
Cash at bank and in hand 2,058 1,922
2,058 1,922
Creditors: amounts falling due within one year (47,276) (46,064)
Net current assets (liabilities) (45,218) (44,142)
Total assets less current liabilities 1,725,966 1,729,125
Creditors: amounts falling due after more than one year (267,648) (296,402)
Total net assets (liabilities) 1,458,318 1,432,723
Reserves
Income and expenditure account 1,458,318 1,432,723
Members' funds 1,458,318 1,432,723
  • For the year ending 30 September 2016 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 15 June 2017

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 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published 16/07/14, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the 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
Income received by way of donations is accounted for when received.

Income from the charitable activities is included in the year in which it is recievable.

Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT.

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 2015 1,848,273
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 1,848,273
Depreciation
At 1 October 2015 75,006
Charge for the year 2,083
On disposals -
At 30 September 2016 77,089
Net book values
At 30 September 2016 1,771,184
At 30 September 2015 1,773,267