Aberaeron Town Improvements 14793942 false 2023-04-12 2024-03-31 2024-03-31 The principal activity of the company is to promote entertainment and to utilise any surplus for the general advantage and benefit of Aberaeron. Digita Accounts Production Advanced 6.30.9574.0 Software true true 14793942 2023-04-12 2024-03-31 14793942 2024-03-31 14793942 core:RetainedEarningsAccumulatedLosses 2024-03-31 14793942 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14793942 bus:SmallEntities 2023-04-12 2024-03-31 14793942 bus:AuditExemptWithAccountantsReport 2023-04-12 2024-03-31 14793942 bus:FullAccounts 2023-04-12 2024-03-31 14793942 bus:RegisteredOffice 2023-04-12 2024-03-31 14793942 bus:CompanySecretaryDirector1 2023-04-12 2024-03-31 14793942 bus:Director2 2023-04-12 2024-03-31 14793942 bus:Director3 2023-04-12 2024-03-31 14793942 bus:Director4 2023-04-12 2024-03-31 14793942 bus:Director5 2023-04-12 2024-03-31 14793942 bus:Director6 2023-04-12 2024-03-31 14793942 bus:Director7 2023-04-12 2024-03-31 14793942 bus:CompanyLimitedByGuarantee 2023-04-12 2024-03-31 14793942 countries:AllCountries 2023-04-12 2024-03-31 iso4217:GBP xbrli:pure

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Registration number: 14793942

Aberaeron Town Improvements

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Period from 12 April 2023 to 31 March 2024

 

Aberaeron Town Improvements

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

Aberaeron Town Improvements

Company Information

Directors

Mr Rhodri Dilwyn Jones

Mr Peter Davies

Mr Huw Grant Evans

Mr Robert Watcyn Thomas

Mr John Lewis

Mr Rhys Ap Dylan Davies

Mr Kim Humphrey

Company secretary

Mr Rhodri Dilwyn Jones

Registered office

Gerallt
Bro Allt-y-Graig
ABERAERON
CEREDIGION
SA46 0DU

 

Aberaeron Town Improvements

(Registration number: 14793942)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

33,893

Creditors: Amounts falling due within one year

4

(34,058)

Net liabilities

 

(165)

Capital and reserves

 

Profit and loss account

(165)

Total equity

 

(165)

For the financial period 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:

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

The directors acknowledge their 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 May 2024 and signed on its behalf by:
 

.........................................
Mr Rhodri Dilwyn Jones
Company secretary and director

   
     
 

Aberaeron Town Improvements

Notes to the Financial Statements for the Period from 12 April 2023 to 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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:
Gerallt
Bro Allt-y-Graig
ABERAERON
CEREDIGION
SA46 0DU

These financial statements were authorised for issue by the Board on 20 May 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 except that as disclosed in the accounting policies certain items are shown at fair value.

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 sale of goods and 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.

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.

 

Aberaeron Town Improvements

Notes to the Financial Statements for the Period from 12 April 2023 to 31 March 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Other creditors

 

34,058