Registered number
03553313
I-Kuan Tao United Kingdom - HQ
(A company limited by guarantee with no share capital and a registered charity)
Unaudited Filleted Accounts
30 April 2024
I-Kuan Tao United Kingdom - HQ
(A company limited by guarantee with no share capital and a registered charity)
Registered number: 03553313
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,087,199 1,118,819
Current assets
Debtors 4 181 91
Cash at bank and in hand 113,387 108,548
113,568 108,639
Creditors: amounts falling due within one year 5 (6,501) (6,969)
Net current assets 107,067 101,670
Net assets £ 1,194,266 £ 1,220,489
Capital and reserves
Designated funds 6 1,414,190 1,414,190
Profit and loss account (219,924) (193,701)
Shareholder's funds £ 1,194,266 £ 1,220,489
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L F Wang
Director
Approved by the board on 27 January 2025
I-Kuan Tao United Kingdom - HQ
(A company limited by guarantee with no share capital and a registered charity)
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The principal accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover comprises of the value of subscriptions, gifts, donations and contributions from members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property 2% straight line
Freehold property 2% straight line
Fixtures and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Leasehold property Freehold property Fixtures and equipment Total
£ £ £ £
Cost
At 1 May 2023 1,084,490 451,242 47,221 1,582,953
At 30 April 2024 £ 1,084,490 £ 451,242 £ 47,221 £ 1,582,953
Depreciation
At 1 May 2023 344,790 75,748 43,596 464,134
Charge for the year 21,690 9,024 906 31,620
At 30 April 2024 £ 366,480 £ 84,772 £ 44,502 £ 495,754
Net book value
At 30 April 2024 £ 718,010 £ 366,470 £ 2,719 £ 1,087,199
At 30 April 2023 £ 739,700 £ 375,494 £ 3,625 £ 1,118,819
4 Debtors 2024 2023
£ £
Other debtors £ 181 £ 91
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors £ 6,501 £ 6,969
6 Designated funds 2024 2023
£ £
At 1 May 2023 1,414,190 1,414,190
At 30 April 2024 £ 1,414,190 £ 1,414,190
7 Other information
I-Kuan Tao United Kingdom - HQ is a private company limited by guarantee with no share capital and a registered charity (registered number: 1079991) and incorporated in England. Its registered office is:
Old Town Hall
14b Orford Road
Walthamstow
London
E17 9NL
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