REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED |
CHARITY NUMBER 1079053 |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED |
CHARITY NUMBER 1079053 |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED (REGISTERED NUMBER: 03638526) |
CHARITY NUMBER 1079053 |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED |
CHARITY NUMBER 1079053 |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
Chartered Accountants |
The Old Coach House |
Horsefair |
Rugeley |
Staffordshire |
WS15 2EL |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED (REGISTERED NUMBER: 03638526) |
CHARITY NUMBER 1079053 |
BALANCE SHEET |
31 DECEMBER 2023 |
31/12/22 | 31/12/23 |
£ | Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
( |
) | Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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. |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED (REGISTERED NUMBER: 03638526) |
CHARITY NUMBER 1079053 |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
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 |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED (REGISTERED NUMBER: 03638526) |
CHARITY NUMBER 1079053 |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Walton Community Association (Stone) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Incoming resources |
Income is included in full in the Detailed Income and Expenditure Account when receivable. The value of services provided by volunteers has not been included. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Grants |
Grants, including grants for the purchase of fixed assets, are recognised in full in the Detailed Income and Expenditure Account in the year in which they are receivable. |
Resources expended |
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
Totals | buildings | etc |
£ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
WALTON COMMUNITY ASSOCIATION |
(STONE) LIMITED (REGISTERED NUMBER: 03638526) |
CHARITY NUMBER 1079053 |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
The freehold property in fact belongs to Stafford Borough Council and not the company, its value was removed from the balance sheet in the financial statements for the year ended 31st December 2013. |
However the company does own the playing fields adjacent to the freehold property. These playing fields are subject to a covenant restricting their use to "recreational purposes only". The area of these fields is 4.5 acres or 1.8211 hectares. The valuation has been estimated by the directors at £30,000 per hectare so making a total valuation of £54,633. The covenant also stipulates that, in the event of the company wishing to sell these fields, they must first be offered to Fields in Trust (formerly the National Playing Fields Association). As the company has no intention of selling the fields, the directors felt it to be an unnecessary expense to engage the services of a professional valuer. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |