Registered number
03296410
Yealmpton Agricultural Association
Unaudited Filleted Accounts
30 September 2023
Yealmpton Agricultural Association
Registered number: 03296410
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 508 79
Investments 4 2 2
510 81
Current assets
Debtors 5 - 31,548
Cash at bank and in hand 164,160 135,942
164,160 167,490
Creditors: amounts falling due within one year 6 (5,141) (719)
Net current assets 159,019 166,771
Net assets 159,529 166,852
Capital and reserves
Profit and loss account 159,529 166,852
Shareholders' funds 159,529 166,852
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime and in accordance with FRS102 SORP. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Daniels
Director
Approved by the board on 30 January 2024
Yealmpton Agricultural Association
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with
The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with The Charities Act 2011.
Turnover
Investment income is credited when received.
Where Yealmpton Show Limited have confirmed payment of Gift Aid in their year end accounts, Yealmpton Agricultural Association will then recognise the payment received as being in the same year end accounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Taxation
The association gained charitable status on 17th January 1997 with the result that there is no taxation liability on any income.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 35,753
Additions 607
At 30 September 2023 36,360
Depreciation
At 1 October 2022 35,674
Charge for the year 178
At 30 September 2023 35,852
Net book value
At 30 September 2023 508
At 30 September 2022 79
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 2
At 30 September 2023 2
5 Debtors 2023 2022
£ £
Amounts owed by subsidiary undertaking - Yealmpton Show Ltd - 31,548
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 5,141 719
7 Related party transactions
Yealmpton Agricultural Association is the parent company of The Yealmpton Show Limited, a wholly owned subsidiary. The Yealmpton Show Limited is able to transfer any surplus profits to Yealmpton Agricultural Association by Gift Aid.
8 Other information
Yealmpton Agricultural Association is a private company limited by guarantee and incorporated in England. Its registered office is:
75 Mutley Plain
Plymouth
Devon
PL4 6JJ
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