REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Formartine Partnership Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Formartine Partnership Limited |
Formartine Partnership Limited (Registered number: SC301273) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Formartine Partnership Limited |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
7 Ythan Terrace |
Ellon |
Aberdeenshire |
AB41 9LJ |
Formartine Partnership Limited (Registered number: SC301273) |
Balance Sheet |
30 April 2024 |
30/4/24 | 30/4/23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Formartine Partnership Limited (Registered number: SC301273) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Formartine Partnership Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery etc | - |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
Fixed asset investments |
Fixed Assets Investments have been measured at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
and 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/24 | 30/4/23 |
£ | £ |
Other debtors |
Formartine Partnership Limited (Registered number: SC301273) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/24 | 30/4/23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Formartine Partnership Limited holds a 20% share in Formartine Renewable Energy LLP. |
During the year Formartine Partnership Limited received dividends of £34,000 (2023 - £22,000). |
The board has agreed that this money will be donated to Formartine Rural Partnership which was set up in September 2019. |
During the year donations of £34,720 (2023 - £10,000) had been transferred to Formartine Rural Partnership with a balance of £16,800 less administration charges of £2,016 still to be donated, these amounts are included within other creditors. |
8. | BREAKDOWN OF DIRECT EXPENSES |
30/04/23 | 30/04/23 |
£ | £ |
Food Bank Donations | 1,250 | 0 |
Haddo Link | 0 | 30,000 |
FRP Donation | 36,172 | 10,720 |
37,422 | 40,720 |