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REGISTERED NUMBER: 00398155










Financial Statements

for the Year Ended 31st December 2023

for

The Central Association of Agricultural
Valuers

The Central Association of Agricultural
Valuers (Registered number: 00398155)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


The Central Association of Agricultural
Valuers

Company Information
for the Year Ended 31st December 2023







DIRECTORS: S P Alden
I A Ashbridge
A R Atkinson
W S F Barton
P G Bowness
M G Brighouse
D Brooks
N E Brown
R E D Browne
N J Clayton-Bailey
M C Cluley
A T Coney
G T Coster
D W Coulson
H P Davies
J Dick
A J Faulkner
S Fieldsend
M Fogden
M G Gale
G J Gibson
S M Hall
W R Handel
G Hoerty
S L Hollis
S H Johnson
C M Johnston
S Knipe
J Liddle
S R Mair
D Meek
J M Merritt
B J Mitchell
A J Monro
R J Mosley
T J Parsons
G T Paton
C Pearson-Wood
D R Powell
J P Read
A J Rimmer
R Salt-Crockford
M E Sibley
Dr M A Simcock
R J Stagg
T A Starkey
D K Steel
H Story
M J Stuart
M R Swann
M M V Taylor
A R Thomas
I S Thornton-Kemsley

The Central Association of Agricultural
Valuers

Company Information
for the Year Ended 31st December 2023







S M Walker
J C Watson
S J Wearmouth
H R Wiliams
S M S Williams
F J Wolfe-Jones
E M Barron
G Banham
F D Botfield
D J McIntyre


SECRETARY: J P Moody


REGISTERED OFFICE: Harts Barn Farmhouse
Monmouth Road
Longhope
Gloucestershire
GL17 0QD


REGISTERED NUMBER: 00398155


ACCOUNTANTS: Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN


BANKERS: Lloyds Bank
19 Eastgate Street
Gloucester
Gloucestershire
GL1 1NU

The Central Association of Agricultural
Valuers (Registered number: 00398155)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 8,950
Investments 5 565,524 519,379
565,524 528,329

CURRENT ASSETS
Stocks 62,054 61,710
Debtors 6 43,321 45,792
Investments 7 257,308 2,141
Cash at bank 263,235 321,971
625,918 431,614
CREDITORS
Amounts falling due within one year 8 262,879 108,438
NET CURRENT ASSETS 363,039 323,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

928,563

851,505

PROVISIONS FOR LIABILITIES 10,300 2,993
NET ASSETS 918,263 848,512

RESERVES
Income and expenditure account 918,263 848,512
918,263 848,512

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

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

The Central Association of Agricultural
Valuers (Registered number: 00398155)

Balance Sheet - continued
31st December 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 21st May 2024 and were signed on its behalf by:





M G Gale - Director


The Central Association of Agricultural
Valuers (Registered number: 00398155)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Central Association of Agricultural Valuers is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Included within turnover is subscription income. Subscription income is the total amount receivable for membership subscriptions relating to the financial year. For the purposes of VAT, this is deemed to be split in the following proportions: 60% zero-rated, 20% standard rated and 20% exempt. Certain other receipts comprise supplies for VAT purposes which may be exempt, zero-rated, standard-rated or outside the scope of VAT. Consequently the company is treated as partially exempt for VAT purposes and not all input VAT is reclaimable. Irrecoverable VAT is treated as an expense.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost, where this is material, less estimated residual value of each asset over its estimated useful life.
Display stands - 33% on cost
Fixtures and fittings- 20% on cost
Website development costs- 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Taxation
Corporation tax is only chargeable on investment income and gains. Deferred taxation is provided on potential capital gains on revaluations of investments. Provision has been made in these accounts for both actual and potential liabilities.

Fixed asset investments
Fixed asset investments are stated at their market value at the year end.

3. EMPLOYEES AND DIRECTORS

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

The Central Association of Agricultural
Valuers (Registered number: 00398155)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Fixtures Website
Display and development
stands fittings costs Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 5,790 9,005 76,067 90,862
DEPRECIATION
At 1st January 2023 5,790 9,005 67,117 81,912
Charge for year - - 8,950 8,950
At 31st December 2023 5,790 9,005 76,067 90,862
NET BOOK VALUE
At 31st December 2023 - - - -
At 31st December 2022 - - 8,950 8,950

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2023 519,379
Additions 22,701
Disposals (14,068 )
Revaluations 37,512
At 31st December 2023 565,524
NET BOOK VALUE
At 31st December 2023 565,524
At 31st December 2022 519,379

Cost or valuation at 31st December 2023 is represented by:

Other
investments
£   
Valuation in 2016 14,957
Valuation in 2017 23,827
Valuation in 2018 (15,925 )
Valuation in 2019 35,586
Valuation in 2020 4,398
Valuation in 2021 26,256
Valuation in 2022 (71,868 )
Valuation in 2023 37,513
Cost 510,780
565,524

The Central Association of Agricultural
Valuers (Registered number: 00398155)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 510,780 502,143

Fixed assets investments were valued on an open market basis on 31st December 2023 by Rathbone Investment Management .

Total funds transferred to the Investment fund amount to £475,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,714 5,202
Other debtors 22,133 15,384
Prepayments and accrued income 18,474 25,206
43,321 45,792

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Cash at brokers 257,308 2,141

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,181 6,731
Corporation tax 3,248 285
Accruals and deferred income 230,450 101,422
262,879 108,438

9. CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st December 2023 or 31st December 2022.

10. CAPITAL COMMITMENTS

There was no capital expenditure in 2023 and no further capital commitments incurred in the year.

The Central Association of Agricultural
Valuers (Registered number: 00398155)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

11. RELATED PARTY DISCLOSURES

During the year J P Moody, company secretary, provided secretarial and advisory services to the company as follows;

2023 2022
Secretariat fees 491,607 471,156
Management of website 65,000 60,000
Travelling expenses 33,495 14,104
Postage and telephone 0 0
Printing and stationery 0 0
Publications 1,305 928
TEGoVA 2,790 4,327
Internet and website 0 0
Meetings and sundry 2,743 898

There was a balance owed to J P Moody at the balance sheet date of £22,000 (2022 owed to JM : £9,403). In addition there was a debtor balance owed from J P Moody in respect of services provided at the balance sheet date of £546 (2022: £486).

12. ULTIMATE CONTROLLING PARTY

The company is not controlled by a particular individual.

13. TAX ON SURPLUS

The tax on surplus comprises:

Corporation tax 3,248
Increase/(Reduction) in deferred tax 7,307
Total tax on surplus £10,555