NI HERITAGE AND RURAL LIFE SOCIETY CIC

Company limited by guarantee

Company Registration Number:
NI649483 (Northern Ireland)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 79,351 71,152
Total fixed assets: 79,351 71,152
Current assets
Debtors: 4 690 690
Cash at bank and in hand: 7,135 1,924
Total current assets: 7,825 2,614
Creditors: amounts falling due within one year: 5 ( 67,231 ) ( 66,991 )
Net current assets (liabilities): (59,406) (64,377)
Total assets less current liabilities: 19,945 6,775
Provision for liabilities: ( 1,757 ) ( 199 )
Total net assets (liabilities): 18,188 6,576
Members' funds
Profit and loss account: 18,188 6,576
Total members' funds: 18,188 6,576

The notes form part of these financial statements

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 9 August 2024
and signed on behalf of the board by:

Name: D Lutton
Status: Director

The notes form part of these financial statements

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment - 15% on reducing balance Computer Equipment - 20% on reducing balance.

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date. Timing difference arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 70,102 2,206 144 72,452
Additions 8,360 8,360
Disposals
Revaluations
Transfers
At 30 November 2023 70,102 10,566 144 80,812
Depreciation
At 1 December 2022 1,215 85 1,300
Charge for year 149 12 161
On disposals
Other adjustments
At 30 November 2023 1,364 97 1,461
Net book value
At 30 November 2023 70,102 9,202 47 79,351
At 30 November 2022 70,102 991 59 71,152

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 690 690
Total 690 690

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 38,690 45,833
Taxation and social security 2,166 1,000
Accruals and deferred income 21,950 15,733
Other creditors 4,425 4,425
Total 67,231 66,991

COMMUNITY INTEREST ANNUAL REPORT

NI HERITAGE AND RURAL LIFE SOCIETY CIC

Company Number: NI649483 (Northern Ireland)

Year Ending: 30 November 2023

Company activities and impact

The range brings people who have an interest in country sports together. It promotes rural pursuits and educates people on gun safety.

Consultation with stakeholders

The stakeholders are rural communities. At each event the public is asked to give feedback on the event/festival. These opinions and suggestions are taken into consideration when planning the next event/festival.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 August 2024

And signed on behalf of the board by:
Name: D Lutton
Status: Director