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REGISTERED NUMBER: 03540674 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTH EAST HOSPICES LOTTERY LTD

NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NORTH EAST HOSPICES LOTTERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M W Brown
E G A Gorringe
G L Macarthur
P D Marriott
N J Myers
M J Walker
R A Collings



REGISTERED OFFICE: St Cuthberts Hospice
Park House Road
Durham
DH1 3QF



REGISTERED NUMBER: 03540674 (England and Wales)



SENIOR STATUTORY AUDITOR: David Holloway BA FCA DChA



AUDITORS: Sumer Auditco Limited
The Beehive Building
Beehive Ring Road
Crawley
Gatwick
RH6 0PA

NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
- -

CURRENT ASSETS
Debtors 6 692 2,502
Cash at bank 74,546 103,809
75,238 106,311
CREDITORS
Amounts falling due within one year 7 65,465 106,223
NET CURRENT ASSETS 9,773 88
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,773

88

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9,769 84
SHAREHOLDERS' FUNDS 9,773 88

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





N J Myers - Director


NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

North East Hospices Lottery Ltd is a private company, limited by shares , 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.

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.

Going concern
The company has ceased its lottery operations in year. The intention of management is to dissolve the business within the next 12 months, as such it is unlikely that the legal entity will be trading for twelve months following the approval of these financial statements.

The accounts have therefore been prepared on a non-going concern basis. Assets have been written down to their recoverable amount and the appropriate provisions have been recognised for contractual commitments as at the balance sheet date.

Turnover
Turnover represents income receivable from subscriptions to the lottery.

Income recognition
Income is recognised weekly at the point the lottery is drawn.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Voluntary service
In addition to recorded income and expenditure the company received the benefit of many voluntary hours and unclaimed out of pocket expenses contributed by individuals wishing to assist the four hospices, that are the registered charities to which the company covenants all its profits. It would be impossible to place a value on all these services and expenses, without which the company could not operate and for which all involved with the four hospices are extremely grateful.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,314
AMORTISATION
At 1 April 2023
and 31 March 2024 1,314
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 9,293
DEPRECIATION
At 1 April 2023
and 31 March 2024 9,293
NET BOOK VALUE
At 31 March 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 692 2,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,123 1,008
Taxation and social security 2,633 342
Other creditors 61,709 104,873
65,465 106,223

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to note 2 to the financial statements, which states that the company has ceased its lottery operations in year, and that management intend to dissolve the business within the next twelve months. The going concern basis of accounting has therefore not been applied when preparing these financial statements.

David Holloway BA FCA DChA (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

NORTH EAST HOSPICES LOTTERY LTD (REGISTERED NUMBER: 03540674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. RELATED PARTY DISCLOSURES

During the year profits amounting to £152,686 (2023: £208,236) were distributed equally to the four shareholders.

At the year ended 31 March 2024 £43,302 was due to these four shareholders. This amount relates to profits due for the year-ended 31 March 2024 and is included within creditors: amounts falling due within one year.

In addition, management charges of £33,878 were distributed to St Cuthbert's Hospice (Durham) for work performed in the period. No amounts were due in relation to this balance as at year end.

All transactions entered into with companies that have a participating interest in North East Hospices Lottery Limited were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS 102 section 1A.