Abbreviated Company Accounts - THE ROLLS BUILDING ART & EDUCATION TRUST

Abbreviated Company Accounts - THE ROLLS BUILDING ART & EDUCATION TRUST

THE ROLLS BUILDING ART & EDUCATION TRUST - Company Information

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Registered Number 07479972

THE ROLLS BUILDING ART & EDUCATION TRUST

Abbreviated Accounts

31 March 2014

THE ROLLS BUILDING ART & EDUCATION TRUST Registered Number 07479972

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Investments 3 59,914 48,914
59,914 48,914
Current assets
Cash at bank and in hand 5,478 2,417
5,478 2,417
Creditors: amounts falling due within one year 0 (57)
Net current assets (liabilities) 5,478 2,360
Total assets less current liabilities 65,392 51,274
Total net assets (liabilities) 65,392 51,274
Reserves
Income and expenditure account 65,392 51,274
Members' funds 65,392 51,274
  • For the year ending 31 March 2014 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 30 October 2014

And signed on their behalf by:
Geoffrey Bond, Director

THE ROLLS BUILDING ART & EDUCATION TRUST Registered Number 07479972

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Charitable investments are investments in art made directly in pursuit of the organisation’s charitable purposes. They consist of heritage assets, which have been included in the balance sheet at cost or valuation. The paintings are deemed to have indeterminate lives and a high residual value. The Trustees do not therefore consider it appropriate to charge depreciation