IRIS Accounts Production v24.2.0.383 01468822 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014688222022-12-31014688222023-12-31014688222023-01-012023-12-31014688222021-12-31014688222022-01-012022-12-31014688222022-12-3101468822ns15:EnglandWales2023-01-012023-12-3101468822ns14:PoundSterling2023-01-012023-12-3101468822ns10:Director12023-01-012023-12-3101468822ns10:Director22023-01-012023-12-3101468822ns10:CompanyLimitedByGuarantee2023-01-012023-12-3101468822ns10:SmallEntities2023-01-012023-12-3101468822ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101468822ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101468822ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101468822ns10:FullAccounts2023-01-012023-12-3101468822ns10:Director32023-01-012023-12-3101468822ns10:Director42023-01-012023-12-3101468822ns10:Director52023-01-012023-12-3101468822ns10:Director62023-01-012023-12-3101468822ns10:Director72023-01-012023-12-3101468822ns10:Director82023-01-012023-12-3101468822ns10:Director92023-01-012023-12-3101468822ns10:Director102023-01-012023-12-3101468822ns10:Director112023-01-012023-12-3101468822ns10:Director122023-01-012023-12-3101468822ns10:Director132023-01-012023-12-3101468822ns10:Director142023-01-012023-12-3101468822ns10:Director152023-01-012023-12-3101468822ns10:Director182023-01-012023-12-3101468822ns10:Director192023-01-012023-12-3101468822ns10:Director202023-01-012023-12-3101468822ns10:Director222023-01-012023-12-3101468822ns10:Director242023-01-012023-12-3101468822ns10:CompanySecretary12023-01-012023-12-3101468822ns10:RegisteredOffice2023-01-012023-12-3101468822ns5:CurrentFinancialInstruments2023-12-3101468822ns5:CurrentFinancialInstruments2022-12-3101468822ns5:CapitalRedemptionReserve2023-12-3101468822ns5:CapitalRedemptionReserve2022-12-3101468822ns5:RetainedEarningsAccumulatedLosses2023-12-3101468822ns5:RetainedEarningsAccumulatedLosses2022-12-3101468822ns5:PlantMachinery2023-01-012023-12-3101468822ns5:LandBuildings2022-12-3101468822ns5:PlantMachinery2022-12-3101468822ns5:LandBuildings2023-01-012023-12-3101468822ns5:LandBuildings2023-12-3101468822ns5:PlantMachinery2023-12-3101468822ns5:LandBuildings2022-12-3101468822ns5:PlantMachinery2022-12-3101468822ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101468822ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 01468822 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE DRIFFIELD NAVIGATION TRUST

THE DRIFFIELD NAVIGATION TRUST (REGISTERED NUMBER: 01468822)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DRIFFIELD NAVIGATION TRUST

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R F Gooch
J W Scholey
J R Jefferson
P Markham
J Turton
M D Artley
D S Taylor
R Hood
S Artley
J F Sutton
T R Jarvis
C Bennett
R Beevers
C A Arnott
C Shuttleworth
C Askin
A Hall
Mrs J Hall
C Jordan
K Davies





SECRETARY: Mrs G S M Simpson





REGISTERED OFFICE: 57 Main Street
Cranswick
Driffield
East Yorkshire
YO25 9QN





REGISTERED NUMBER: 01468822 (England and Wales)





ACCOUNTANTS: Jackson Robson Licence Limited
33-35 Exchange Street
Driffield
East Yorkshire
YO25 6LL

THE DRIFFIELD NAVIGATION TRUST (REGISTERED NUMBER: 01468822)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,065 65,998

CURRENT ASSETS
Debtors 5 301 108
Cash at bank 58,637 63,715
58,938 63,823
CREDITORS
Amounts falling due within one year 6 578 1,253
NET CURRENT ASSETS 58,360 62,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,425

128,568

RESERVES
Restricted funds 19,000 19,000
Income and expenditure account 106,425 109,568
125,425 128,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 DRIFFIELD NAVIGATION TRUST (REGISTERED NUMBER: 01468822)

BALANCE SHEET - continued
31 DECEMBER 2023


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 25 June 2024 and were signed on its behalf by:




J W Scholey - Director



P Markham - Director


THE DRIFFIELD NAVIGATION TRUST (REGISTERED NUMBER: 01468822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Driffield Navigation Trust 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.
Plant and machinery etc - 12.5% on reducing balance and 4% on cost

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 53,224 18,580 71,804
Additions - 4,580 4,580
At 31 December 2023 53,224 23,160 76,384
DEPRECIATION
At 1 January 2023 2,128 3,678 5,806
Charge for year 1,064 2,449 3,513
At 31 December 2023 3,192 6,127 9,319
NET BOOK VALUE
At 31 December 2023 50,032 17,033 67,065
At 31 December 2022 51,096 14,902 65,998

THE DRIFFIELD NAVIGATION TRUST (REGISTERED NUMBER: 01468822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 301 108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 578 1,253

7. RELATED PARTY DISCLOSURES

There is no controlling party.