Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05415828 Mr Jonathan Duff Mr T. Groves Mrs Wendy Austin Mrs Rosemary Smith Mrs Mhairi Campbell Mr Nicholas Wallace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05415828 2023-01-31 05415828 2024-01-31 05415828 2023-02-01 2024-01-31 05415828 frs-core:CurrentFinancialInstruments 2024-01-31 05415828 frs-core:FurnitureFittings 2024-01-31 05415828 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05415828 frs-core:FurnitureFittings 2023-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 05415828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 05415828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05415828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 05415828 frs-core:OtherReservesSubtotal 2024-01-31 05415828 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05415828 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 05415828 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05415828 frs-bus:SmallEntities 2023-02-01 2024-01-31 05415828 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05415828 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05415828 frs-bus:Director1 2023-02-01 2024-01-31 05415828 frs-bus:Director2 2023-02-01 2024-01-31 05415828 frs-bus:Director3 2023-02-01 2024-01-31 05415828 frs-bus:Director4 2023-02-01 2024-01-31 05415828 frs-bus:Director5 2023-02-01 2024-01-31 05415828 frs-bus:Director6 2023-02-01 2024-01-31 05415828 frs-countries:EnglandWales 2023-02-01 2024-01-31 05415828 2022-01-31 05415828 2023-01-31 05415828 2022-02-01 2023-01-31 05415828 frs-core:CurrentFinancialInstruments 2023-01-31 05415828 frs-core:OtherReservesSubtotal 2023-01-31 05415828 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05415828
Sheringham Museum Norfolk Trust LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Caroline Sands & Associates LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05415828
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,450,006 1,527,165
1,450,006 1,527,165
CURRENT ASSETS
Debtors 5 19,708 25,448
Cash at bank and in hand 147,302 140,802
167,010 166,250
Creditors: Amounts Falling Due Within One Year 6 (1,375 ) (805 )
NET CURRENT ASSETS (LIABILITIES) 165,635 165,445
TOTAL ASSETS LESS CURRENT LIABILITIES 1,615,641 1,692,610
NET ASSETS 1,615,641 1,692,610
RESERVES
Other reserves 1,119,295 1,119,295
Income and Expenditure Account 496,346 573,315
MEMBERS' FUNDS 1,615,641 1,692,610
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Nicholas Wallace
Director
03/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sheringham Museum Norfolk Trust LTD is a private company, limited by guarantee, incorporated in England & Wales, registered number 05415828 . The registered office is The Mo, Lifeboat Plain, Sheringham, Norfolk, NR26 8BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 15
Leasehold 15
Fixtures & Fittings 15
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 - 1,970,721 27,524 1,998,245
As at 31 January 2024 - 1,970,721 27,524 1,998,245
Depreciation
As at 1 February 2023 - 449,782 21,298 471,080
Provided during the period 76,047 - 1,112 77,159
As at 31 January 2024 76,047 449,782 22,410 548,239
Net Book Value
As at 31 January 2024 (76,047 ) 1,520,939 5,114 1,450,006
As at 1 February 2023 - 1,520,939 6,226 1,527,165
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 19,708 25,448
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,162 592
Other creditors 213 213
1,375 805
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4