Company Registration No. 06852232 (England and Wales)
Fearon Community Association Limited
Unaudited accounts
for the year ended 31 March 2024
Fearon Community Association Limited
Unaudited accounts
Contents
Fearon Community Association Limited
Company Information
for the year ended 31 March 2024
Directors
RE Thorpe
ML Welbourne
AB Rhodes
RMM Cant
DR Gough
PJ Goodman
Company Number
06852232 (England and Wales)
Registered Office
Fearon Hall
Rectory Road
Loughborough
LE11 1PL
Fearon Community Association Limited
Statement of financial position
as at 31 March 2024
Tangible assets
28,168
42,472
Cash at bank and in hand
45,120
52,084
Creditors: amounts falling due within one year
(16,029)
(24,086)
Net current assets
32,336
38,798
Total assets less current liabilities
60,504
81,270
Provisions for liabilities
Other provisions
(1,216)
(2,603)
Profit and loss account
59,288
78,667
Members' funds
59,288
78,667
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
RMM Cant
Director
Company Registration No. 06852232
Fearon Community Association Limited
Notes to the Accounts
for the year ended 31 March 2024
Fearon Community Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 06852232. The registered office is Fearon Hall, Rectory Road, Loughborough, LE11 1PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared in accordance with the Charities SORP (FRS 102), the Charities Act 2011 and the Companies Act 2006.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% per annum of net book value
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Fixtures & fittings
Charge for the year
17,595
Fearon Community Association Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
3,640
9,844
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
8,155
14,124
Deferred income
4,207
1,810
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
The company participates in a multi-employer "last man standing" defined benefit scheme
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Average number of employees
During the year the average number of employees was 5 (2023: 5).