COMPANY REGISTRATION NUMBER:
06724172
Oxford Joint Planning Law Conference Company Limited |
|
Company Limited by Guarantee |
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Filleted Unaudited Financial Statements |
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Oxford Joint Planning Law Conference Company Limited |
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Company Limited by Guarantee |
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Statement of Financial Position |
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31 October 2023
Current assets
Debtors |
5 |
25,942 |
|
30,310 |
Cash at bank and in hand |
48,443 |
|
41,308 |
|
------- |
|
------- |
|
74,385 |
|
71,618 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
22,911 |
|
23,102 |
|
------- |
|
------- |
Net current assets |
|
51,474 |
48,516 |
|
|
------- |
------- |
Total assets less current liabilities |
|
51,474 |
48,516 |
|
|
------- |
------- |
Net assets |
|
51,474 |
48,516 |
|
|
------- |
------- |
|
|
|
|
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Capital and reserves
Profit and loss account |
|
51,474 |
48,516 |
|
|
------- |
------- |
Members funds |
|
51,474 |
48,516 |
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|
------- |
------- |
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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 income and retained earnings has not been delivered.
For the year ending 31 October 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 were approved by the
board of directors
and authorised for issue on
4 March 2024
, and are signed on behalf of the board by:
Company registration number:
06724172
Oxford Joint Planning Law Conference Company Limited |
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Company Limited by Guarantee |
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Notes to the Financial Statements |
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Year ended 31 October 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 5-11 Mortimer Street, London, W1T 3HS.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Revenue recognition
Turnover represents net conference fees receivable for conferences held during the year, exclusive of VAT.
(c)
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 be paid or recovered 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.
(d)
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
4.
Company limited by guarantee
The Company is limited by guarantee and has no share capital. Under the terms of the Company's Memorandum of Association, every member is liable to contribute a sum not exceeding £10 in the event of the Company being wound up whilst they are a member or within one year of ceasing to be a member.
The Company had four members at 31 October 2023.
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
25,942 |
30,310 |
|
------- |
------- |
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|
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6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
19,665 |
19,020 |
Social security and other taxes |
1,046 |
1,882 |
Other creditors |
2,200 |
2,200 |
|
------- |
------- |
|
22,911 |
23,102 |
|
------- |
------- |
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