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REGISTERED NUMBER: 03638526 (England and Wales)














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: Miss A E Walker
Mr G Canning
Mrs J Wood
Mr M Williamson
Mr A Bennett





SECRETARY:





REGISTERED OFFICE: Whitemill Lane
Walton
Stone
Staffordshire
ST15 0EQ





REGISTERED NUMBER: 03638526 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
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
54,633 Tangible assets 4 54,633

CURRENT ASSETS
120 Stocks 120
3,270 Debtors 5 5,232
81,215 Cash at bank and in hand 138,613
84,605 143,965
CREDITORS
(13,354 ) Amounts falling due within one year 6 (12,810 )
71,251 NET CURRENT ASSETS 131,155
125,884 TOTAL ASSETS LESS CURRENT
LIABILITIES

185,788

RESERVES
125,884 Income and expenditure account 185,788
125,884 185,788

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WALTON COMMUNITY ASSOCIATION
(STONE) LIMITED (REGISTERED NUMBER: 03638526)
CHARITY NUMBER 1079053

BALANCE SHEET - continued
31 DECEMBER 2023


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 4 April 2024 and were signed on its behalf by:




Miss A E Walker - Director Mr M Williamson - Director




Mrs J Wood - Director Mr G Canning - Director




Mr A Bennett - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
At 1 January 2023
and 31 December 2023 100,284 54,633 45,651
DEPRECIATION
At 1 January 2023
and 31 December 2023 45,651 - 45,651
NET BOOK VALUE
At 31 December 2023 54,633 54,633 -
At 31 December 2022 54,633 54,633 -

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 5,232 3,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 1,209 1,188
Taxation and social security 586 651
Other creditors 11,015 11,515
12,810 13,354