European Policy Forum Limited 02683041 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is of providing a focus for positive thinking and discussion on British and European policy including the areas of financial and economic regulation, media policy, infrastructure development and governmental and regulatory practice. Digita Accounts Production Advanced 6.30.9574.0 true true 02683041 2023-04-01 2024-03-31 02683041 2024-03-31 02683041 core:CurrentFinancialInstruments 2024-03-31 02683041 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02683041 core:FurnitureFittingsToolsEquipment 2024-03-31 02683041 core:LandBuildings 2024-03-31 02683041 bus:SmallEntities 2023-04-01 2024-03-31 02683041 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02683041 bus:FullAccounts 2023-04-01 2024-03-31 02683041 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02683041 bus:RegisteredOffice 2023-04-01 2024-03-31 02683041 bus:Director1 2023-04-01 2024-03-31 02683041 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 02683041 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 02683041 core:LandBuildings 2023-04-01 2024-03-31 02683041 core:PlantMachinery 2023-04-01 2024-03-31 02683041 countries:England 2023-04-01 2024-03-31 02683041 2023-03-31 02683041 core:FurnitureFittingsToolsEquipment 2023-03-31 02683041 core:LandBuildings 2023-03-31 02683041 2022-04-01 2023-03-31 02683041 2023-03-31 02683041 core:CurrentFinancialInstruments 2023-03-31 02683041 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02683041 core:FurnitureFittingsToolsEquipment 2023-03-31 02683041 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 02683041

European Policy Forum Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

European Policy Forum Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

European Policy Forum Limited

(Registration number: 02683041)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

28,168

36,006

Current assets

 

Debtors

5

48,275

55,928

Cash at bank and in hand

 

266,533

298,411

 

314,808

354,339

Creditors: Amounts falling due within one year

6

(80,919)

(74,906)

Net current assets

 

233,889

279,433

Net assets

 

262,057

315,439

Reserves

 

Retained earnings

262,057

315,439

Total funds

 

262,057

315,439

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024
 

.........................................
G C S Mather
Director

 

European Policy Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Kings Buildings
16 Smith Square
London
SW1P 3HQ

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

European Policy Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

33% Straight line

Fixtures and fittings

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

European Policy Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

70,420

25,184

95,604

At 31 March 2024

70,420

25,184

95,604

Depreciation

At 1 April 2023

35,210

24,388

59,598

Charge for the year

7,042

796

7,838

At 31 March 2024

42,252

25,184

67,436

Carrying amount

At 31 March 2024

28,168

-

28,168

At 31 March 2023

35,210

796

36,006

Included within the net book value of land and buildings above is £28,168 (2023 - £35,210) in respect of short leasehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

5,715

13,830

Other debtors

42,560

42,098

48,275

55,928

 

European Policy Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

17,376

24,920

Accruals and deferred income

63,543

49,986

80,919

74,906

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet for rental of property is £227,643 (2023 - £312,427).