Company registration number 01002701 (England and Wales)
Centre For Transpersonal Psychology Ltd
Unaudited Financial Statements
For the year ended 31 December 2022
PAGES FOR FILING WITH REGISTRAR
Centre For Transpersonal Psychology Ltd
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Centre For Transpersonal Psychology Ltd
Balance Sheet
As at 31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
2
979
Cash at bank and in hand
2,966
5,185
2,966
6,164
Creditors: amounts falling due within one year
3
(2,102)
(1,584)
Net current assets
864
4,580
Reserves
Income and expenditure account
864
4,580
Members' funds
864
4,580
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 8 September 2023 and are signed on its behalf by:
L Templeton
Director
Company Registration No. 01002701
Centre For Transpersonal Psychology Ltd
Notes to the Financial Statements
For the year ended 31 December 2022
- 2 -
1
Accounting policies
Company information
Centre For Transpersonal Psychology Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 West View Road, St Albans, Herts, AL3 5JX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Turnover from memberships is recognised over the period to which the membership is granted.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.
2
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
979
Centre For Transpersonal Psychology Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2022
- 3 -
3
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
2
2
Other creditors
2,100
1,582
2,102
1,584
4
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.