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REGISTERED NUMBER: 07128053 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 March 2024

for

Hassocks Community Organisation

Hassocks Community Organisation (Registered number: 07128053)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hassocks Community Organisation

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr C E Wilsdon
Mrs C Cassidy
Mr J M Wakeham
MS E Woodhurst-Trueman
Mr J Soper
Professor F Maillardet
Mr R Kenhard
Mrs A Cumberland





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 07128053 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Hassocks Community Organisation (Registered number: 07128053)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,780 4,963

CURRENT ASSETS
Stocks 1,834 1,896
Debtors 5 238 1,027
Cash at bank and in hand 36,741 33,870
38,813 36,793
CREDITORS
Amounts falling due within one year 6 1,921 1,409
NET CURRENT ASSETS 36,892 35,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,672

40,347

RESERVES
Income and expenditure account 7 40,672 40,347
40,672 40,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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.

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

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 8 September 2024 and were signed on its behalf by:





Mr J M Wakeham - Director


Hassocks Community Organisation (Registered number: 07128053)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Hassocks Community Organisation 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Hassocks Community Organisation (Registered number: 07128053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 16,276
Additions 190
Disposals (854 )
At 31 March 2024 15,612
DEPRECIATION
At 1 April 2023 11,313
Charge for year 1,048
Eliminated on disposal (529 )
At 31 March 2024 11,832
NET BOOK VALUE
At 31 March 2024 3,780
At 31 March 2023 4,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 238 1,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 207 30
Other creditors 1,714 1,379
1,921 1,409

7. RESERVES
Income
and
expenditure
account
£   

At 1 April 2023 40,347
Surplus for the year 325
At 31 March 2024 40,672

8. RELATED PARTY DISCLOSURES

Mr J M Wakeham was the company's managing director throughout the current year.