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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
Page
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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
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Fearon Community Association Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,168 
42,472 
Current assets
Debtors
3,245 
10,800 
Cash at bank and in hand
45,120 
52,084 
48,365 
62,884 
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)
Net assets
59,288 
78,667 
Reserves
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
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Fearon Community Association Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared in accordance with the Charities SORP (FRS 102), the Charities Act 2011 and the Companies Act 2006.
Presentation currency
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
Pension costs
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.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
68,825 
Additions
3,291 
At 31 March 2024
72,116 
Depreciation
At 1 April 2023
26,353 
Charge for the year
17,595 
At 31 March 2024
43,948 
Net book value
At 31 March 2024
28,168 
At 31 March 2023
42,472 
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Fearon Community Association Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(395)
956 
Accrued income and prepayments
3,640 
9,844 
3,245 
10,800 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
8,155 
14,124 
Accruals
3,667 
8,152 
Deferred income
4,207 
1,810 
16,029 
24,086 
7
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.
8
Pension commitments
The company participates in a multi-employer "last man standing" defined benefit scheme
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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