REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED (REGISTERED NUMBER: 03494193) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1&2 Merlins Court |
Winch Lane |
Haverfordwest |
Pembrokeshire |
SA61 1SB |
BANKERS: |
4 Hamilton Terrace |
Milford Haven |
Pembrokeshire |
SA73 3AN |
SOLICITORS: |
Penffynnon |
Hawthorn Rise |
Haverfordwest |
SA61 2BQ |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED (REGISTERED NUMBER: 03494193) |
STATEMENT OF FINANCIAL POSITION |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 surplus or deficit 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. |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED (REGISTERED NUMBER: 03494193) |
STATEMENT OF FINANCIAL POSITION - continued |
31 December 2023 |
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 |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED (REGISTERED NUMBER: 03494193) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Investing in Pembrokeshire Society Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors are not aware of any material uncertainties in the forthcoming 12 months. As a result the going concern basis of accounting has been adopted. |
Turnover |
Turnover represents the amount derived from the sale of lottery draw entries and the charging of administration fees on loan applications and is recorded when received. The rules and regulations of the Gambling Commission determine that lottery income once received for, or on account of, a lottery draw cannot be refunded to the participant. |
Property, plant and equipment |
Fixtures and fittings | - |
Computer equipment | - |
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
Taxation |
The company is not liable to UK corporation tax on its profits. The charge for taxation relates purely to investment income. |
No provision for deferred taxation is made if there are no material timing differences. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Income recognition |
The company's turnover represents mainly income from the sale of lottery draw entries. The income is recognised in the period to which the draw relates. Other income is recognised when the monies are received. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
INVESTING IN PEMBROKESHIRE |
SOCIETY LIMITED (REGISTERED NUMBER: 03494193) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2023 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | GAMING LICENCE |
The company operates under a licence received by the Gaming Board for Great Britain in August 2002. Activities of the Gaming Board were subsequently transferred to the Gambling Commission. |