The Governing Council of the Cat Fancy 07431259 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Maintenance of cat breed pedigree records and operation of shows. Digita Accounts Production Advanced 6.30.9574.0 true 07431259 2023-01-01 2023-12-31 07431259 2023-12-31 07431259 core:RetainedEarningsAccumulatedLosses 2023-12-31 07431259 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07431259 core:LandBuildings 2023-12-31 07431259 core:PlantMachinery 2023-12-31 07431259 bus:SmallEntities 2023-01-01 2023-12-31 07431259 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07431259 bus:FullAccounts 2023-01-01 2023-12-31 07431259 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07431259 bus:RegisteredOffice 2023-01-01 2023-12-31 07431259 bus:Chairman 2023-01-01 2023-12-31 07431259 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 07431259 core:LandBuildings 2023-01-01 2023-12-31 07431259 core:PlantMachinery 2023-01-01 2023-12-31 07431259 countries:AllCountries 2023-01-01 2023-12-31 07431259 2022-12-31 07431259 core:LandBuildings 2022-12-31 07431259 core:PlantMachinery 2022-12-31 07431259 2022-01-01 2022-12-31 07431259 2022-12-31 07431259 core:RetainedEarningsAccumulatedLosses 2022-12-31 07431259 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07431259 core:LandBuildings 2022-12-31 07431259 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Company registration number: 07431259

The Governing Council of the Cat Fancy

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

The Governing Council of the Cat Fancy

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

The Governing Council of the Cat Fancy

(Registration number: 07431259)
Balance Sheet as at 31 December 2023

Note

2023
 £

2022
 £

Fixed assets

 

Tangible assets

4

192,843

204,081

Current assets

 

Stocks

5

25,081

17,275

Debtors

6

15,678

15,878

Cash at bank and in hand

 

831,277

859,523

 

872,036

892,676

Creditors: Amounts falling due within one year

7

(65,952)

(60,154)

Net current assets

 

806,084

832,522

Net assets

 

998,927

1,036,603

Capital and reserves

 

Profit and loss reserve

998,927

1,036,603

Total equity

 

998,927

1,036,603

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 17 July 2024 and signed on its behalf by:
 


S J Crow
Chairman

   
 

The Governing Council of the Cat Fancy

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
5 Kings Castle Business Park
The Drove
BRIDGWATER
Somerset
TA6 4AG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

The Governing Council of the Cat Fancy

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery

33% straight line and 20% straight line

The company's website development costs are included in tangible fixed assets under plant and machinery.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

The Governing Council of the Cat Fancy

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The asset of the plan are held separately from the company in independently administered funds.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 28 (2022 - 25).

 

The Governing Council of the Cat Fancy

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2023

210,000

362,540

572,540

Additions

-

13,821

13,821

At 31 December 2023

210,000

376,361

586,361

Depreciation

At 1 January 2023

49,700

318,759

368,459

Charge for the year

4,200

20,859

25,059

At 31 December 2023

53,900

339,618

393,518

Carrying amount

At 31 December 2023

156,100

36,743

192,843

At 31 December 2022

160,300

43,781

204,081

Included within the net book value of land and buildings above is £156,100 (2022 - £160,300) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other stocks

25,081

17,275

6

Debtors

Current

2023
£

2022
£

Trade debtors

10,249

12,319

Prepayments

5,429

3,559

 

15,678

15,878

 

The Governing Council of the Cat Fancy

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

15,519

19,269

Taxation and social security

 

11,190

17,295

Corporation tax

 

2,283

808

Other creditors

 

32,457

18,384

Accrued expenses

 

4,503

4,398

 

65,952

60,154

8

Liability of members

The members of The Governing Council of the Cat Fancy have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.