Registered number
07043137
Project Hougoumont Limited
Filleted Accounts
30 November 2023
Project Hougoumont Limited
(a charitable company limited by guarantee)
Registered number: 07043137
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 43,886 44,766
Creditors: amounts falling due within one year 5 (382) -
Net current assets 43,504 44,766
Net assets 43,504 44,766
Capital and reserves
Restricted reserves 6 16,481 16,481
Unrestricted reserves 27,023 28,285
Shareholders' funds 43,504 44,766
Number Number
Average number of employees 3 3
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 members have 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.
M Drury
Director
Approved by the board on 10 July 2024
Project Hougoumont Limited
Notes to the Accounts
for the year ended 30 November 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) and Statement of Recommended Practice (SORP) Accounting and Reporting by Charities (FRS102) in preparing the annual report and accounts of the charity.
Income
Income is included in the statement of financial activities when the charity is legally entitled to the income and has a reasonable expectation of this being received. Donations receivable are recognised when the charity is legally entitled to receive them and are allocated to the specific activities for which they have been intended. Certain funding is receivable on condition of use and therefore accounted for as Restricted Reserves movements.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are recognised at transaction price.
Taxation
The company is a charity and therefore does not pay corporation tax on its charitable net income.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the statement of financial activities.
2 Governance costs
During the year the trustees received no remuneration or benefits in kind (2022 - nil). Trustees' expenses were £nil (2022: £317) for travel to Belgium for meetings and inspections, and were paid to no (2022: one) trustee.
3 Income 2023 2022
£ £
Restricted
Grant income and donations, including related gift aid - -
Unrestricted
Donations including related gift aid - -
- -
4 Charitable activities 2023 2022
£ £
Direct charitable costs on Hougoumont Farm - 20,775
Educational website development and maintenance 880 840
880 21,615
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 382 -
6 Statement of Funds Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Income - 296 296
Expenditure - (1,558) (1,558)
Deficit in funds for the year - (1,262) (1,262)
At 1 December 2022 16,481 28,285 44,766
At 30 November 2023 16,481 27,023 43,504
7 Controlling party
The charity is under the control of the trustees and directors.
8 Other information
Project Hougoumont Limited is a private company limited by shares and incorporated in England. Its registered office is:
Byne Cottage, Manley's Hill, Storrington, West Sussex RH20 4BN, England
9 Statement of Funds for comparative year Restricted Unrestricted Total
funds funds funds
2022 2022 2022
£ £ £
Income - - -
Expenditure (20,775) (1,613) (22,388)
Deficit in funds for the year (20,775) (1,613) (22,388)
At 1 December 2021 37,256 29,898 67,154
At 30 November 2022 16,481 28,285 44,766
10 Analysis of net assets between funds Restricted Unrestricted Total
funds funds funds
2023 2023 2023
£ £ £
Current assets 16,481 27,405 43,886
Creditors - (382) (382)
16,481 27,023 43,504
11 Members' liability
The members of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of a winding up.
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