Company Registration No. 05589164 (England and Wales)
THE RECONCILIATION MINISTRIES
Unaudited accounts
for the year ended 31 December 2023
THE RECONCILIATION MINISTRIES
Unaudited accounts
Contents
THE RECONCILIATION MINISTRIES
Company Information
for the year ended 31 December 2023
Directors
REV WELLINGTON OLALEKAN ADEGUNWA
MR MATHIAS OGBETA
MR FOLORUNSHO ERINLE
MR OYEKUNLE OYEDOKUN
Company Number
05589164 (England and Wales)
Registered Office
53 EASTBOURNE CLOSE
INGOL
PRESTON
PR2 3YR
Accountants
AA MATTHEW & CO
NEWSPRING HOUSE
3 WORCESTER AVENUE
OLD SWAN
LIVERPOOL
L13 9AZ
THE RECONCILIATION MINISTRIES
Statement of financial position
as at 31 December 2023
Tangible assets
409,006
409,249
Cash at bank and in hand
167,631
276,084
Creditors: amounts falling due within one year
(4,233)
(4,927)
Net current assets
384,607
271,577
Net assets
793,613
680,826
Profit and loss account
793,613
680,826
Members' funds
793,613
680,826
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
REV WELLINGTON OLALEKAN ADEGUNWA
Director
Company Registration No. 05589164
THE RECONCILIATION MINISTRIES
Notes to the Accounts
for the year ended 31 December 2023
THE RECONCILIATION MINISTRIES is a private company, limited by guarantee, registered in England and Wales, registration number 05589164. The registered office is 53 EASTBOURNE CLOSE, INGOL, PRESTON, PR2 3YR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line 50 Years
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
450,118
34,262
2,800
13,818
500,998
Additions
-
9,368
-
4,156
13,524
At 31 December 2023
450,118
43,630
2,800
17,974
514,522
At 1 January 2023
53,639
25,956
2,763
9,391
91,749
Charge for the year
7,193
4,419
9
2,146
13,767
At 31 December 2023
60,832
30,375
2,772
11,537
105,516
At 31 December 2023
389,286
13,255
28
6,437
409,006
At 31 December 2022
396,479
8,306
37
4,427
409,249
THE RECONCILIATION MINISTRIES
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Investments held as current assets
2023
2022
Listed investments
220,000
-
7
Creditors: amounts falling due within one year
2023
2022
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
9
Capital commitments
2023
2022
There were no capital commitments at the end of the period.
At the date of the balance sheet there were no contingent liabilities.
There were no Directors Advances and credits therefore terms of credit and interest rates did not arise in the period.
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).