Registered number
10995692
REYNOLDS COMMUNITY TRUST
Filleted Accounts
31 October 2023
REYNOLDS COMMUNITY TRUST
Registered number: 10995692
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 434,022 -
434,022 -
Current assets
Cash at bank and in hand 90,776 52,333
90,776 52,333
Creditors: amounts falling due within one year 4 (515,746) (54,308)
Net current (liabilities)/assets (424,970) (1,975)
Net (liabilities)/assets 9,052 (1,975)
Funds
Unrestricted funds 9,052 (1,975)
Total funds 9,052 (1,975)
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 member has 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. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammad Akthar Hussain
Director
Approved by the board on 20 July 2024
REYNOLDS COMMUNITY TRUST
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Freehold buildings Nil
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Total
£ £
Cost
Additions 434,022 434,022
At 31 October 2023 434,022 434,022
Net book value
At 31 October 2023 434,022 434,022
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 515,746 54,308
515,746 54,308
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