THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
09705208 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Henry Louis John de Courcy Wheeler
Gunnar Papendick Larsen
Stephanie Hallman Jensen
Kristian Mikael Engsig
Torben Stroyberg
Peter Vagn-Jensen
Per Troen


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 September 2024

And signed on behalf of the board by:
Name: Henry Louis John de Courcy Wheeler
Status: Director

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 27,858 38,647
Gross profit(or loss): 27,858 38,647
Administrative expenses: ( 34,812 ) ( 39,026 )
Other operating income: 6,600 4,400
Operating profit(or loss): (354) 4,021
Interest receivable and similar income: 109
Interest payable and similar charges: ( 8 )
Profit(or loss) before tax: (253) 4,021
Tax: ( 162 ) ( 804 )
Profit(or loss) for the financial year: (415) 3,217

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 17,364
Cash at bank and in hand: 4,052 25,009
Total current assets: 21,416 25,009
Creditors: amounts falling due within one year: 4 ( 10,781 ) ( 13,959 )
Net current assets (liabilities): 10,635 11,050
Total assets less current liabilities: 10,635 11,050
Total net assets (liabilities): 10,635 11,050
Members' funds
Profit and loss account: 10,635 11,050
Total members' funds: 10,635 11,050

The notes form part of these financial statements

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 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.

This report was approved by the board of directors on 3 September 2024
and signed on behalf of the board by:

Name: Henry Louis John de Courcy Wheeler
Status: Director

The notes form part of these financial statements

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, thecurrent and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 17,364
Total 17,364

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 606
Taxation and social security 804
Other creditors 10,175 13,155
Total 10,781 13,959

COMMUNITY INTEREST ANNUAL REPORT

THE LONE STROYBERG SCHOLARSHIP COMMUNITY INTEREST COMPANY

Company Number: 09705208 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The aim of the scholarship is to provide vital knowledge, experience and a unique high-level network to young entrepreneurial Danes who can support the commercial relationship between Denmark and the UK. The opportunity will encourage internationally minded candidates to experience working in the UK for up to two years. The scholarship funds young Danes to undertake internships at the Danish-UK Association, as well as with the Association’s corporate members in the UK. The Association provides top level contacts of both nationalities vital for the future. They will also benefit from a strong Young Professional group and the cultural and social activities organised by the Association. In the future we are also looking to develop similar scholarships in Denmark for UK students. This is a unique opportunity for carefully selected young people with high potential to get a world-class network through the Association and its members, on which to build their own professional careers, and to benefit the commercial relationship between Denmark and the UK. The scholars will leave with a strong network, experience and an understanding of Danish/UK relations to enable them to navigate their future in this commercial environment.

Consultation with stakeholders

Regular meetings of stakeholders take place, with actions followed up and formally minuted.

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
3 September 2024

And signed on behalf of the board by:
Name: Henry Louis John de Courcy Wheeler
Status: Director