Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31Activities of professional membership organisations2024-01-017falsefalse6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03851414 2024-01-01 2024-12-31 03851414 2023-01-01 2023-12-31 03851414 2024-12-31 03851414 2023-12-31 03851414 c:Director1 2024-01-01 2024-12-31 03851414 d:CurrentFinancialInstruments 2024-12-31 03851414 d:CurrentFinancialInstruments 2023-12-31 03851414 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03851414 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03851414 d:RetainedEarningsAccumulatedLosses 2024-12-31 03851414 d:RetainedEarningsAccumulatedLosses 2023-12-31 03851414 c:FRS102 2024-01-01 2024-12-31 03851414 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03851414 c:FullAccounts 2024-01-01 2024-12-31 03851414 c:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03851414 2 2024-01-01 2024-12-31 03851414 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03851414









THE RAIL PLANT ASSOCIATION LIMITED
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
THE RAIL PLANT ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 03851414

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
8,772
9,060

Cash at bank and in hand
 5 
241,467
209,156

  
250,239
218,216

Creditors: amounts falling due within one year
 6 
(34,336)
(11,246)

Net current assets
  
 
 
215,903
 
 
206,970

Total assets less current liabilities
  
215,903
206,970

  

Net assets
  
215,903
206,970


Capital and reserves
  

Profit and loss account
  
215,903
206,970

  
215,903
206,970


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 
on
 27 January 2025.



A Godwin
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THE RAIL PLANT ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Rail Plant Association Limited is a company limited by guarantee and incorporated in England and Wales. The address of the registered office is 27/28 Newbury Street, Barbican, London, EC1A 7HU. The principal activity of the company during the year has been that of a trade association and to provide members with information and support.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government and other business grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
THE RAIL PLANT ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).

Page 3

 
THE RAIL PLANT ASSOCIATION LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
2,016
-

Other debtors
2,846
4,928

Prepayments and accrued income
3,910
4,132

8,772
9,060



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
241,467
209,156

241,467
209,156



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
5,303
5,064

Corporation tax
2,213
4,037

Other creditors
25,000
-

Accruals and deferred income
1,820
2,145

34,336
11,246




7.


Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.

 
Page 4