Registered number
07776398
Samuel Montagu Community Facilities Limited
Filleted Accounts
31 March 2023
Samuel Montagu Community Facilities Limited
Registered number: 07776398
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 47,419 47,599
Current assets
Debtors 4 718 3,015
Cash at bank and in hand 27,058 12,778
27,776 15,793
Creditors: amounts falling due within one year 5 (78,006) (65,952)
Net current liabilities (50,230) (50,159)
Net liabilities (2,811) (2,560)
Capital and reserves
Profit and loss account (2,811) (2,560)
Shareholders' funds (2,811) (2,560)
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. The profit and loss account has not been delivered to the Registrar of Companies.
Dr T Powley
Director
Approved by the board on 13 October 2023
Samuel Montagu Community Facilities Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land and buildings Nil
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 46,701 3,459 50,160
At 31 March 2023 46,701 3,459 50,160
Depreciation
At 1 April 2022 - 2,561 2,561
Charge for the year - 180 180
At 31 March 2023 - 2,741 2,741
Net book value
At 31 March 2023 46,701 718 47,419
At 31 March 2022 46,701 898 47,599
4 Debtors 2023 2022
£ £
Trade debtors 718 3,015
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 8,588
Taxation and social security costs 1,484 293
Other creditors 76,522 57,071
78,006 65,952
6 Status
The company is limited by guarantee and has no share capital.
7 Controlling party
The company has no ultimate controlling party
8 Other information
Samuel Montagu Community Facilities Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
122 Broad Walk,
Kidbrooke,
London
SE3 8ND
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