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REGISTERED NUMBER: 04832787 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Rothwell and Desborough Futures Limited

Rothwell and Desborough Futures Limited (Registered number: 04832787)

Contents of the Financial Statements
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rothwell and Desborough Futures Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mr M B Goodwin
Mr R V Davis
Mr M J Ebrey
Mr M E Cox
Mr G J Davis
Mr K D Sumpter
Mrs C M Everett





SECRETARY: Mr M B Goodwin





REGISTERED OFFICE: 14-16 Bridge Street
Rothwell
Kettering
NORTHAMPTONSHIRE
NN14 6JW





REGISTERED NUMBER: 04832787 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Rothwell and Desborough Futures Limited (Registered number: 04832787)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 70,576 73,360

CURRENT ASSETS
Debtors 4 210 217
Cash at bank 3,488 1,688
3,698 1,905
CREDITORS
Amounts falling due within one year 5 682 635
NET CURRENT ASSETS 3,016 1,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,592

74,630

GOVERNMENT GRANTS 6 109,146 111,930
NET LIABILITIES (35,554 ) (37,300 )

RESERVES
Income and expenditure account (35,554 ) (37,300 )
(35,554 ) (37,300 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2023 and were signed on its behalf by:





Mr M J Ebrey - Director


Rothwell and Desborough Futures Limited (Registered number: 04832787)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Rothwell and Desborough Futures Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis under the assumption that the directors are confident that their trading position will continue to allow the company to pay its debts when they fall due.

Turnover
The turnover shown in the profit and loss account represents funding received during the year.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Freehold property - 2% of cost

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual, as arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Deferred government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the asset to which they relate.

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 139,202
DEPRECIATION
At 1 April 2022 65,842
Charge for year 2,784
At 31 March 2023 68,626
NET BOOK VALUE
At 31 March 2023 70,576
At 31 March 2022 73,360

Rothwell and Desborough Futures Limited (Registered number: 04832787)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 210 217

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2 -
Other creditors 680 635
682 635









6. GOVERNMENT GRANTS

2023 2022
£ £
RECEIVED AND RECEIVABLE
At 1 April 2022 177,772 177,772
At 31 March 2023 177,772 177,772
AMORTISATION
At 1 April 2022 65,842 63,058
Credit to profit and loss account 2,784 2,784
At 31 March 2023 68,626 65,842

Net balance at 31 March 2023 109,146 111,930



7. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and subsequently does not have share capital. In the event of the company being wound up the maximum amount which each member is liable to contribute is one pound. At 31 March 2023 there were 8 members (2022 - 7 members).