| Yealmpton Agricultural Association |
| Registered number: |
03296410 |
| Balance Sheet |
| as at 30 September 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,867 |
|
|
3,032 |
| Investments |
3 |
|
|
2 |
|
|
2 |
|
|
|
|
2,869 |
|
|
3,034 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
17,289 |
| Cash at bank and in hand |
|
|
109,802 |
|
|
101,422 |
|
|
|
109,802 |
|
|
118,711 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,112) |
|
|
(599) |
|
| Net current assets |
|
|
|
108,690 |
|
|
118,112 |
|
| Net assets |
|
|
|
111,559 |
|
|
121,146 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
111,559 |
|
|
121,146 |
|
| Shareholders' funds |
|
|
|
111,559 |
|
|
121,146 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr J R Brooks |
| Director |
| Approved by the board on 30 January 2018 |
|
| Yealmpton Agricultural Association |
| Notes to the Accounts |
| for the year ended 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes(s) to these accounts. The accounts have been prepared in accordance with: |
| o |
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2044 and with |
| o |
The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with |
| o |
The Charities Act 2011. |
|
|
Turnover |
|
Investment income is credited when received. |
|
Where Yealmpton Show Limited have confirmed payment of Gift Aid in their year end accounts, Yealmpton Agricultural Association will then recognise the payment received as being in the same year end accounts. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 years |
|
|
Taxation |
|
The association gained charitable status on 17th January 1997 with the result that there is no taxation liability on any income. |
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2016 |
28,191 |
|
Additions |
2,069 |
|
At 30 September 2017 |
30,260 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2016 |
25,159 |
|
Charge for the year |
2,234 |
|
At 30 September 2017 |
27,393 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
2,867 |
|
At 30 September 2016 |
3,032 |
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 October 2016 |
2 |
|
|
At 30 September 2017 |
2 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Amounts owed by subsidiary undertaking - Yealmpton Show Ltd |
|
- |
|
17,289 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
1,112 |
|
599 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Yealmpton Agricultural Association is the parent company of The Yealmpton Show Limited, a wholly owned subsidiary. The Yealmpton Show Limited is able to transfer any surplus profits to Yealmpton Agricultural Association by Gift Aid. |
|
|
| 7 |
Other information |
|
|
Yealmpton Agricultural Association is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
75 Mutley Plain |
|
Plymouth |
|
Devon |
|
PL4 6JJ |
