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COMPANY REGISTRATION NUMBER: 10493489
The Compulsory Purchase Association
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 July 2024
The Compulsory Purchase Association
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
The Compulsory Purchase Association
Company Limited by Guarantee
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Current assets
Debtors
5
5,234
232
Cash at bank and in hand
77,731
84,838
-------
-------
82,965
85,070
Creditors: amounts falling due within one year
6
25,557
28,453
-------
-------
Net current assets
57,408
56,617
-------
-------
Total assets less current liabilities
57,408
56,617
-------
-------
Net assets
57,408
56,617
-------
-------
Capital and reserves
Profit and loss account
57,408
56,617
-------
-------
Members funds
57,408
56,617
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 July 2024 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 .
These financial statements were approved by the board of directors and authorised for issue on 9 September 2024 , and are signed on behalf of the board by:
Mr T Aslin
Director
Company registration number: 10493489
The Compulsory Purchase Association
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 4a Woodside Business Park, Whitley Wood Lane, Reading, Berkshire, RG2 8LW.
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
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents membership fees, income from events held during the year, and advertising income.
(c) Taxation
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 in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Company limited by guarantee
The Compulsory Purchase Association was incorporated on the 23rd of November 2016 in England and Wales as a company limited by guarantee and commenced trading on 1st August 2017.
5. Debtors
2024
2023
£
£
Other debtors
5,234
232
------
---
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
299
Social security and other taxes
1,545
Other creditors
25,557
26,609
-------
-------
25,557
28,453
-------
-------