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REGISTERED NUMBER: 07835310 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

UK ARMED FORCES POLO ASSOCIATION

UK ARMED FORCES POLO ASSOCIATION (REGISTERED NUMBER: 07835310)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


UK ARMED FORCES POLO ASSOCIATION (REGISTERED NUMBER: 07835310)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Stocks 51,500 51,500
Debtors 4 20,000 20,000
Investments 5 200,842 203,412
Cash at bank 25,385 38,079
297,727 312,991
CREDITORS
Amounts falling due within one year 6 607 607
NET CURRENT ASSETS 297,120 312,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,120

312,384

RESERVES
Revaluation reserve 7 89,496 92,066
Income and expenditure account 7 207,624 220,318
297,120 312,384

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

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

UK ARMED FORCES POLO ASSOCIATION (REGISTERED NUMBER: 07835310)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 12 April 2024 and were signed on its behalf by:





Brigadier N D Cowley - Director


UK ARMED FORCES POLO ASSOCIATION (REGISTERED NUMBER: 07835310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

UK Armed Forces Polo Association is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07835310

Registered office: 1 Kelham Gardens
Marlborough
Wiltshire
SN8 1PW

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.

Taxation
As a UK registered charity (Charity number 1145778) the charitable income and expenditure of the Association is exempt from UK corporation tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Polo 150 20,000 20,000

5. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Investments 200,842 203,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Corporation tax 7 7
Accruals and deferred income 600 600
607 607

UK ARMED FORCES POLO ASSOCIATION (REGISTERED NUMBER: 07835310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. RESERVES
Income
and
expenditure Revaluation
account reserve Totals
£    £    £   

At 1 November 2022 220,318 92,066 312,384
Deficit for the year (15,264 ) (15,264 )
Reserve transfer 2,570 (2,570 ) -
At 31 October 2023 207,624 89,496 297,120

8. LIMITED BY GUARANTEE

The Association was incorporated on 4 November 2011 under its Memorandum and Articles of Association as amended by special resolutions dated 24 January 2012 and 29 June 2018, which establish the objects and powers of the charitable company. The Association is a company limited by guarantee, and in the event of the company being wound up, members would be required to contribute an amount not exceeding £10 each towards any debts and liabilities of the company.