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REGISTERED NUMBER: 03928968 (England and Wales)



Unaudited Financial Statements

for the Year Ended 29th February 2024

for

Samudra Buddhist Centre

Samudra Buddhist Centre (Registered number: 03928968)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Samudra Buddhist Centre

Company Information
for the Year Ended 29th February 2024







DIRECTORS: J D Holmgren
Mrs C M Bibby
S P Cowing





REGISTERED OFFICE: 47 High Street
Buxton
Derbyshire
SK17 6HB





REGISTERED NUMBER: 03928968 (England and Wales)





ACCOUNTANTS: Laytons
Chartered Accountants
6 Manchester Road
Buxton
Derbyshire
SK17 6SB

Samudra Buddhist Centre (Registered number: 03928968)

Abridged Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,004 232,309

CURRENT ASSETS
Debtors 40 102
Cash at bank and in hand 30,565 36,012
30,605 36,114
CREDITORS
Amounts falling due within one year 704 581
NET CURRENT ASSETS 29,901 35,533
TOTAL ASSETS LESS CURRENT LIABILITIES 260,905 267,842

CREDITORS
Amounts falling due after more than one year 111,768 117,382
NET ASSETS 149,137 150,460

RESERVES
Retained earnings 149,137 150,460
MEMBERS' FUNDS 149,137 150,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2024 and were signed on its behalf by:





J D Holmgren - Director


Samudra Buddhist Centre (Registered number: 03928968)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Samudra Buddhist Centre is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income represents donations received, fees for courses of instruction, fund raising and other sundry income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st March 2023
and 29th February 2024 244,043
DEPRECIATION
At 1st March 2023 11,734
Charge for year 1,305
At 29th February 2024 13,039
NET BOOK VALUE
At 29th February 2024 231,004
At 28th February 2023 232,309

5. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Mortgage - Tridos Bank 93,563 98,392

Legal mortgage dated 18th December 2009 held by Tridos Bank.