Registered number
01722150
Thompson B1 Locomotive Trust
Filleted Accounts
30 June 2023
Thompson B1 Locomotive Trust
Registered number: 01722150
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 260 260
Investments 155,583 155,583
155,843 155,843
Current assets
Debtors 3 8,831 6,577
Cash at bank and in hand 158,352 167,475
167,183 174,052
Creditors: amounts falling due within one year 4 (1,890) (1,911)
Net current assets 165,293 172,141
Net assets 321,136 327,984
Capital and reserves
Profit and loss account 321,136 327,984
Shareholders' funds 321,136 327,984
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.
M A Cobley
Director
Approved by the board on 7 September 2023
Thompson B1 Locomotive Trust
Notes to the Accounts
for the year ended 30 June 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). The accounts have been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities, issued in July 2014.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 8,831 5,845
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs - 23
Other creditors 1,890 1,888
1,890 1,911
5 Controlling party
There is no controlling party
6 Other information
Thompson B1 Locomotive Trust is a private company limited by guarantee and incorporated in England. In the event of the company being wound up members are required to contribute an amount not exceeding £2. Its registered office is:
Green Cottage
Tysoe Road
Lower Tysoe
Warwickshire
CV35 0BY
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