Company registration number:
03564870
Childwall Valley Estate Management Board Limited
Company limited by guarantee
Unaudited filleted financial statements
31 March 2024
Childwall Valley Estate Management Board Limited
Company limited by guarantee
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Childwall Valley Estate Management Board Limited
Company limited by guarantee
Directors and other information
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Directors |
J Minard |
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A Geraghty |
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K Perrin |
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T Edwards |
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C Pringle |
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A Glennon |
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Secretary |
A Geraghty |
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Company number |
03564870 |
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Registered office |
172 Hartsbourne Avenue |
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Childwall |
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Liverpool |
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L25 1NE |
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Business address |
172 Hartsbourne Avenue |
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Childwall |
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Liverpool |
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L25 1NE |
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Accountant |
Hailwood & Co |
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392-394 Hoylake Road |
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Moreton |
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Wirral |
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CH46 6DF |
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Childwall Valley Estate Management Board Limited
Company limited by guarantee
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Childwall Valley Estate Management Board Limited
Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
21 June 2024
Childwall Valley Estate Management Board Limited
Company limited by guarantee
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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6 |
32,825 |
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40,650 |
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_______ |
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_______ |
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32,825 |
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40,650 |
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Current assets |
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Debtors |
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7 |
88,151 |
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75,922 |
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Cash at bank and in hand |
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622,491 |
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642,055 |
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_______ |
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_______ |
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710,642 |
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717,977 |
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Creditors: amounts falling due |
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within one year |
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8 |
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37,875) |
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(
27,347) |
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_______ |
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_______ |
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Net current assets |
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672,767 |
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690,630 |
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_______ |
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Total assets less current liabilities |
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705,592 |
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731,280 |
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_______ |
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Net assets |
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705,592 |
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731,280 |
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_______ |
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Capital and reserves |
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Profit and loss account |
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705,592 |
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731,280 |
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_______ |
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Members funds |
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705,592 |
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731,280 |
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_______ |
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_______ |
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For the 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.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 August 2024
, and are signed on behalf of the board by:
A Geraghty
T Edwards
Director
Director
Childwall Valley Estate Management Board Limited
Company limited by guarantee
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 172 Hartsbourne Avenue, Childwall, Liverpool, L25 1NE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value receivable for services rendered, net of Value Added Tax.
Taxation
The company is a not for profit organisation, limited by guarantee and as such only pays corporation tax on its investment income.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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20 % |
reducing balance |
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Fittings fixtures and equipment |
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25 % |
reducing balance |
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Motor vehicles |
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25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Limited by guarantee
The company is limited by guarantee whereby each member undertakes to contribute a maximum of ten pence in the event of a winding up.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2023:
8
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6.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
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£ |
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Cost |
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At 1 April 2023 |
28,016 |
11,125 |
75,428 |
114,569 |
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Additions |
1,509 |
536 |
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2,045 |
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_______ |
_______ |
_______ |
_______ |
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At 31 March 2024 |
29,525 |
11,661 |
75,428 |
116,614 |
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_______ |
_______ |
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Depreciation |
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At 1 April 2023 |
16,060 |
8,919 |
48,940 |
73,919 |
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Charge for the year |
2,693 |
554 |
6,623 |
9,870 |
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_______ |
_______ |
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At 31 March 2024 |
18,753 |
9,473 |
55,563 |
83,789 |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2024 |
10,772 |
2,188 |
19,865 |
32,825 |
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_______ |
_______ |
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At 31 March 2023 |
11,956 |
2,206 |
26,488 |
40,650 |
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_______ |
_______ |
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_______ |
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7.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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62,352 |
64,633 |
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Other debtors |
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25,799 |
11,289 |
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_______ |
_______ |
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88,151 |
75,922 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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5,798 |
10,047 |
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Corporation tax |
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972 |
445 |
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Social security and other taxes |
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19,951 |
12,287 |
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Other creditors |
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11,154 |
4,568 |
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_______ |
_______ |
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37,875 |
27,347 |
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_______ |
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9.
Controlling party
The company is controlled by the directors whose names are shown on the directors' report.