Company Registration No. 11204333 (England and Wales)
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Unaudited accounts
for the year ended 29 February 2024
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Unaudited accounts
Contents
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Company Information
for the year ended 29 February 2024
Directors
CHIEF ANGUS INNOCENT CHUKWUEMEKA-CHAIRMAN
CHRISTIAN CHUKWU
DR DAMIAN EZEH
EPHRAIM OBI OKEKE-SECRETARY
MOSES UBA OSUNWOKE
Secretary
EPHRAIM OBI OKEKE
Company Number
11204333 (England and Wales)
Registered Office
C/O CRAWFORD HOUSE BUILDING
2 GWENT STREET
LIVERPOOL
L8 8DN
UNITED KINGDOM
Accountants
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Accountants' report
Accountants' report to the board of directors of IGBO COMMUNITY ASSOCIATION, LIVERPOOL on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
IGBO COMMUNITY ASSOCIATION, LIVERPOOL for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of IGBO COMMUNITY ASSOCIATION, LIVERPOOL, as a body, in accordance with the terms of our engagement letter dated 19 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of IGBO COMMUNITY ASSOCIATION, LIVERPOOL and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IGBO COMMUNITY ASSOCIATION, LIVERPOOL and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IGBO COMMUNITY ASSOCIATION, LIVERPOOL has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of IGBO COMMUNITY ASSOCIATION, LIVERPOOL. You consider that IGBO COMMUNITY ASSOCIATION, LIVERPOOL is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IGBO COMMUNITY ASSOCIATION, LIVERPOOL. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
26 November 2024
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Statement of financial position
as at 29 February 2024
Tangible assets
75,000
75,000
Cash at bank and in hand
5,240
2,213
Creditors: amounts falling due within one year
(610)
(310)
Net current assets
4,630
4,653
Profit and loss account
79,630
79,653
Members' funds
79,630
79,653
For the year ending 29 February 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 25 November 2024 and were signed on its behalf by
CHIEF ANGUS INNOCENT CHUKWUEMEKA-CHAIRMAN
Director
Company Registration No. 11204333
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Notes to the Accounts
for the year ended 29 February 2024
IGBO COMMUNITY ASSOCIATION, LIVERPOOL is a private company, limited by guarantee, registered in England and Wales, registration number 11204333. The registered office is C/O CRAWFORD HOUSE BUILDING, 2 GWENT STREET, LIVERPOOL, L8 8DN, UNITED KINGDOM.
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 under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at Valuation based on report by Mathews and Goodman-a firm of Estate Valuers and Property Advisers-on the assumption that the building would be completed as planned since 2011. There is no provision for Depreciation due to capital growth in the value of the existing structure
4
Tangible fixed assets
Land & buildings
At 29 February 2024
75,000
At 29 February 2024
75,000
At 28 February 2023
75,000
Amounts falling due within one year
Accrued income and prepayments
-
2,750
IGBO COMMUNITY ASSOCIATION, LIVERPOOL
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
7
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member -excepting the Subscribers 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 Subscribers, who also double as the first set of Directors and Secretary of the Board, have confirmed that if the company is wound up whilst being a member, or within one year after ceasing to be a member, each person would contribute an amount not exceeding £10 to the assets of the company for the purposes of payment of debts and liabilities of the company; meeting the costs of winding up and adjustment of the rights of contributors amongst themselves
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).