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28/02/2023
2023-02-28
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No description of principal activities is disclosed
2022-03-01
Sage Accounts Production 21.0 - FRS102_2021
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07966941
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Company registration number:
07966941
Historical Novel Society
Company limited by guarantee
Unaudited filleted financial statements
28 February 2023
Historical Novel Society
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Historical Novel Society
Company limited by guarantee
Directors and other information
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Directors |
Mr R W Lee |
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Ms J E Barden |
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Company number |
07966941 |
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Registered office |
Marine Cottage |
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The Strand |
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Starcross |
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Exeter |
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EX6 8NY |
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Accountants |
Hicks and Company |
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Chartered Accountants |
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Vaughan Chambers |
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Vaughan Road |
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Harpenden |
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Hertfordshire |
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AL5 4EE |
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Historical Novel Society
Company limited by guarantee
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Historical Novel Society
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Historical Novel Society for the year ended 28 February 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Historical Novel Society, as a body, in accordance with the terms of our engagement letter dated 25 November 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Historical Novel Society and state those matters that we have agreed to state to the board of directors of Historical Novel Society as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Historical Novel Society and its board of directors as a body for our work or for this report.
It is your duty to ensure that Historical Novel Society has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Historical Novel Society. You consider that Historical Novel Society is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Historical Novel Society. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
28 November 2023
Historical Novel Society
Company limited by guarantee
Statement of financial position
28 February 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
|
6 |
24,396 |
|
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|
344 |
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Cash at bank and in hand |
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76,309 |
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82,226 |
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|
|
|
|
_______ |
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|
_______ |
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100,705 |
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82,570 |
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Creditors: amounts falling due |
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|
|
|
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within one year |
|
7 |
(
49,012) |
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|
(
23,777) |
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_______ |
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|
_______ |
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Net current assets |
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51,693 |
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58,793 |
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_______ |
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_______ |
Total assets less current liabilities |
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51,693 |
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58,793 |
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_______ |
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_______ |
Net assets |
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51,693 |
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58,793 |
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_______ |
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_______ |
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Capital and reserves |
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Other reserves |
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(
2,123) |
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(
2,123) |
Profit and loss account |
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53,816 |
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60,916 |
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_______ |
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_______ |
Members funds |
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51,693 |
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58,793 |
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_______ |
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_______ |
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For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 November 2023
, and are signed on behalf of the board by:
Mr R W Lee
Director
Company registration number:
07966941
Historical Novel Society
Company limited by guarantee
Statement of changes in equity
Year ended 28 February 2023
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Other reserves |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 March 2021 |
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(
2,123) |
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49,173 |
47,050 |
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(Loss)/profit for the year |
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11,743 |
11,743 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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11,743 |
11,743 |
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_______ |
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_______ |
_______ |
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At 28 February 2022 and 1 March 2022 |
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(
2,123) |
|
60,916 |
58,793 |
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|
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(Loss)/profit for the year |
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(
7,100) |
(
7,100) |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
|
(
7,100) |
(
7,100) |
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_______ |
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_______ |
_______ |
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At 28 February 2023 |
|
|
(
2,123) |
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53,816 |
51,693 |
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_______ |
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_______ |
_______ |
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Historical Novel Society
Company limited by guarantee
Notes to the financial statements
Year ended 28 February 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Marine Cottage, The Strand, Starcross, Exeter, EX6 8NY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Limited by guarantee
Every member of the company undertakes to contribute to the assets of the company, in the event of the company being wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the debts and liabilities of the company contracted before he or she ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1. At 28 February 2023 there was 1,297 members.(1,472 Members in 2022)
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
6.
Debtors
|
|
|
2023 |
2022 |
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|
£ |
£ |
|
|
|
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Trade debtors |
|
24,030 |
- |
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Other debtors |
|
366 |
344 |
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|
_______ |
_______ |
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24,396 |
344 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
|
22,128 |
- |
|
Corporation tax |
|
- |
21 |
|
Other creditors |
|
26,884 |
23,756 |
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|
|
_______ |
_______ |
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49,012 |
23,777 |
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_______ |
_______ |
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8.
Directors advances, credits and guarantees
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Balance brought forward and o/standing |
Balance brought forward and o/standing |
|
|
2023 |
2022 |
|
|
£ |
£ |
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|
|
Mr R W Lee |
257 |
257 |
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_______ |
_______ |
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