Company Registration No. 05917139 (England and Wales)
Basingstoke Irish Society Trading Co Ltd
Unaudited accounts
for the year ended 31 December 2023
Basingstoke Irish Society Trading Co Ltd
Unaudited accounts
Contents
Basingstoke Irish Society Trading Co Ltd
Company Information
for the year ended 31 December 2023
Director
Mr Andrew Columbia McFadden
Company Number
05917139 (England and Wales)
Registered Office
The Irish Centre
Council Road
Basingstoke
Hampshire
RG21 3DH
England
Accountants
David Fields
Pi Daybooks Limited
44 Pennington Close, Colden Common
Winchester
Hampshire
SO21 1UR
Basingstoke Irish Society Trading Co Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
14,114
6,019
Creditors: amounts falling due within one year
(5,655)
(3,377)
Net current assets
14,214
11,006
Called up share capital
1
1
Profit and loss account
14,213
11,005
Shareholders' funds
14,214
11,006
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2024 and were signed on its behalf by
Mr Andrew Columbia McFadden
Director
Company Registration No. 05917139
Basingstoke Irish Society Trading Co Ltd
Notes to the Accounts
for the year ended 31 December 2023
Basingstoke Irish Society Trading Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 05917139. The registered office is The Irish Centre, Council Road, Basingstoke, Hampshire, RG21 3DH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
2,364
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,426
1,822
Amounts owed to group undertakings and other participating interests
3,388
-
Taxes and social security
841
1,555
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Basingstoke Irish Society Trading Co Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Transactions with related parties
The Company gift aided £11,005 [2022: £10,000] to its parent company during the year. This was £nil [2022: £10,000] in respect of current year taxable profit and £11,005 [2022: £nil] in respect of prior year. The Company has approved a payment of £14,213 being the taxable profits in respect of the current year. All amounts have been or will be paid within nine months of the year end to which they relate.
The Company was recharged £32,067 [2022: £32,067] net of VAT in respect of staff £24,173 [2022 £24,173] and support costs of £7,894 [2022 £7,894] which includes £1,063 [2022 £1,063] of rents during the year. At the year end it owed the Charity £nil [2022 £nil] in respect of these recharges.
The Company operates a petty cash account in which they make make or receive payments on behalf of the Charity. At the year end it was owed £3,388 (2022: it owed £2,634] in respect of net cash balances made or received by the Company on behalf of the Charity.
The controlling parent company is Basingstoke Irish Society a charitable company registered in England and Wales with registered address of The Irish Centre, Council Road, Basingstoke, Hampshire RG21 3DH. The parent Charity's registered number is 1112155 and its company registration number is 5543270.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).