Common Ground Association SC420832 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dormant. Digita Accounts Production Advanced 6.30.9574.0 true Dr Robin Alexander McLaren Mr William Murdo McGhee true SC420832 2023-04-01 2024-03-31 SC420832 2024-03-31 SC420832 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC420832 bus:FRS102 2023-04-01 2024-03-31 SC420832 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC420832 bus:FullAccounts 2023-04-01 2024-03-31 SC420832 bus:RegisteredOffice 2023-04-01 2024-03-31 SC420832 bus:Director1 2023-04-01 2024-03-31 SC420832 bus:Director2 2023-04-01 2024-03-31 SC420832 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 SC420832 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 SC420832 countries:Scotland 2023-04-01 2024-03-31 SC420832 2023-03-31 SC420832 core:RetainedEarningsAccumulatedLosses 2023-03-31 iso4217:GBP

Registration number: SC420832

Common Ground Association

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Common Ground Association

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Common Ground Association

(Registration number: SC420832)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

2

2

Reserves

 

Retained earnings

2

2

Surplus

 

2

2

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

Approved and authorised by the Board on 15 November 2024 and signed on its behalf by:
 

.........................................
Mr William Murdo McGhee
Director

 

Common Ground Association

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

1

General information

The company is a company limited by guarantee, incorporated in Scotland, 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:
18 Macdowall Road
Edinburgh
EH9 3EF
Scotland

These financial statements were authorised for issue by the Board on 15 November 2024.

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.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £GBP and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

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.

3

Cash and cash equivalents

2024
£

2023
£

Cash on hand

2

2