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Registration number: 02026926

The Association of Relocation Professionals

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

The Association of Relocation Professionals

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Association of Relocation Professionals

(Registration number: 02026926)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

8,820

10,494

Cash at bank and in hand

 

6,668

3,722

 

15,488

14,216

Creditors: Amounts falling due within one year

6

(11,040)

(13,503)

Net assets

 

4,448

713

Reserves

 

Income and expenditure account

4,448

713

Total

 

4,448

713

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 

.........................................
D E Zurlinden
Company secretary and director

 

The Association of Relocation Professionals

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Meadowside
Pottery Hill
Wattisfield
Diss
Norfolk
IP22 1NH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors believe that the company can continue as a going concern. Over the last years our focus has been of our ‘Political Engagement’ project and this is beginning to show results. However, at the same time we recognised the need to restructure the Association to ensure its future. This has resulted in attracting interest from non-member organisations some of whom have recently joined the Association. We are also looking increased our training programme and increase the number of events held over the year.

Income recognition

Subscriptions are charged annually and become payable on the anniversary of when a company joined the organisation, which for the majority of members is 1 June or 1 September. As the main benefits are provided in the Autumn, it is the company's policy not to defer any portion of the subscriptions at the year end. All subscriptions receivable between 1 June and 31 May (the financial year) are therefore accounted for within that financial year.

Conference income and expenditure is recognised when the conference takes place.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided using the straight line basis at rates which reflect the anticipated useful lives of the assets and their estimated residual values.

 

The Association of Relocation Professionals

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Asset class

Depreciation method and rate

Computer equipment

33.3%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Personnel costs are recharged to the company by European Relocation Association (see note 7).

 

The Association of Relocation Professionals

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

4,251

4,251

At 31 May 2024

4,251

4,251

Depreciation

At 1 June 2023

4,251

4,251

At 31 May 2024

4,251

4,251

Carrying amount

At 31 May 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,820

8,574

Prepayments

-

1,920

 

8,820

10,494

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

900

Taxation and social security

440

723

Other creditors

10,600

11,880

11,040

13,503

 

The Association of Relocation Professionals

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Related party transactions

Summary of transactions with other related parties

European Relocation Association (EuRA)
(common director Derry Zurlinden)

 During the year recharges of costs were made between the Association of Relocation Professionals and EuRA on an arm's length basis.