COMPANY REGISTRATION NUMBER:
13056154
Sustainable Conservation Trust |
|
Company Limited by Guarantee |
|
Filleted Unaudited Financial Statements |
|
Sustainable Conservation Trust |
|
Company Limited by Guarantee |
|
31 December 2023
Current assets
Debtors |
6 |
8,577 |
– |
Cash at bank and in hand |
10,638 |
4,938 |
|
-------- |
------- |
|
19,215 |
4,938 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
9,572 |
7,961 |
|
-------- |
------- |
Net current assets/(liabilities) |
9,643 |
(
3,023) |
|
------- |
------- |
Total assets less current liabilities |
9,643 |
(
3,023) |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
8,389 |
– |
|
------- |
------- |
Net assets/(liabilities) |
1,254 |
(
3,023) |
|
------- |
------- |
|
|
|
|
Capital and reserves
Profit and loss account |
1,254 |
(
3,023) |
|
------- |
------- |
Members funds/(deficit) |
1,254 |
(
3,023) |
|
------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
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.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Sustainable Conservation Trust |
|
Company Limited by Guarantee |
|
Balance Sheet (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
13 September 2024
, and are signed on behalf of the board by:
Company registration number:
13056154
Sustainable Conservation Trust |
|
Company Limited by Guarantee |
|
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 6 Thurlow Mansions, 29 Clarence Parade, Southsea, PO5 2ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Company limited by guarantee
Sustainable Conservation Trust
is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required, not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member, for the Trust's debts and liabilities contracted before he ceases to be a member, and of the costs charges and expenses of winding up, and for the adjustment of the rights on the contributories among themselves.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
8,577 |
– |
|
------- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
9,572 |
7,961 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
8,389 |
– |
|
------- |
---- |
|
|
|
9.
Directors' advances, credits and guarantees
During the year, further advances totalling £729 were made by the directors in respect of their loans to the company. As at 31 December 2023 £8,389 (2022 £7,660) was outstanding and the directors have agreed that these amounts are not required to be repaid before 31 December 2024.