Company registration number 12103743 (England and Wales)
PHILANTHROPY CONSULTING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PHILANTHROPY CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PHILANTHROPY CONSULTING LIMITED (REGISTERED NUMBER: 12103743)
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,823
47,865
Current assets
Debtors
4
27,363
48,150
Cash at bank and in hand
99,736
26,348
127,099
74,498
Creditors: amounts falling due within one year
5
(95,393)
(43,920)
Net current assets
31,706
30,578
Net assets
79,529
78,443
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
79,429
78,343
Total equity
79,529
78,443
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 August 2024
Ms J J Ensor
Director
PHILANTHROPY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
Philanthropy Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, United Kingdom, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales for consultancy services net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% straight line
Fixtures and fittings
25% straight line
Computer equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
PHILANTHROPY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 December 2022
47,145
1,473
48,618
Additions
700
1,264
1,964
At 30 November 2023
47,145
700
2,737
50,582
Depreciation and impairment
At 1 December 2022
111
642
753
Depreciation charged in the year
943
160
903
2,006
At 30 November 2023
1,054
160
1,545
2,759
Carrying amount
At 30 November 2023
46,091
540
1,192
47,823
At 30 November 2022
47,034
831
47,865
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
12,465
36,040
Other debtors
14,898
12,110
27,363
48,150
PHILANTHROPY CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,145
Taxation and social security
21,421
39,819
Other creditors
73,972
1,956
95,393
43,920
6
Related party transactions
At the balance sheet date the company's director owed the company £14,898 (2022 - £2,110). This loan is subject to interest at 2.25% and is repayable on demand.