0 0 Waterloo Community Development Group 04269850 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of the advice and support on development proposals. Digita Accounts Production Advanced 6.30.9574.0 true 04269850 2023-04-01 2024-03-31 04269850 2024-03-31 04269850 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04269850 core:FurnitureFittingsToolsEquipment 2024-03-31 04269850 bus:SmallEntities 2023-04-01 2024-03-31 04269850 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04269850 bus:FilletedAccounts 2023-04-01 2024-03-31 04269850 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04269850 bus:RegisteredOffice 2023-04-01 2024-03-31 04269850 bus:Director2 2023-04-01 2024-03-31 04269850 bus:Director7 2023-04-01 2024-03-31 04269850 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 04269850 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04269850 core:OfficeEquipment 2023-04-01 2024-03-31 04269850 countries:England 2023-04-01 2024-03-31 04269850 2023-03-31 04269850 core:FurnitureFittingsToolsEquipment 2023-03-31 04269850 2022-04-01 2023-03-31 04269850 2023-03-31 04269850 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04269850 core:FurnitureFittingsToolsEquipment 2023-03-31 xbrli:pure iso4217:GBP

Registration number: 04269850

Waterloo Community Development Group

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Waterloo Community Development Group

(Registration number: 04269850)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

171

255

Current assets

 

Cash at bank and in hand

 

24,205

29,404

Creditors: Amounts falling due within one year

5

(5,705)

(5,550)

Net current assets

 

18,500

23,854

Net assets

 

18,671

24,109

Capital and reserves represented by:

 

Unrestricted Funds - £7,877 (2023 - £4,338)
Restricted Funds - £10,794 (2023 - £19,771)

18,671

24,109

Total equity

 

18,671

24,109

 

Waterloo Community Development Group

(Registration number: 04269850)
Balance Sheet as at 31 March 2024

For the financial 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2025 and signed on its behalf by:
 


M S Ball
Director


B Hetherington
Director

 

Waterloo Community Development Group

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

1

General information

The company is a company limited by guarantee, incorporated in England, 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:
14a Baylis Road
Waterloo
London
SE1 7AA

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

 

Waterloo Community Development Group

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

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Waterloo Community Development Group

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

3,712

3,712

At 31 March 2024

3,712

3,712

Depreciation

At 1 April 2023

3,457

3,457

Charge for the year

84

84

At 31 March 2024

3,541

3,541

Carrying amount

At 31 March 2024

171

171

At 31 March 2023

255

255

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

4,730

4,730

Other creditors

 

975

820

 

5,705

5,550