THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Company limited by guarantee

Company Registration Number:
08226376 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Operation of a foodbank and resource for local community



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Silvia Dacre
Susan Press
Denis Skelton
Anne Fleming
Steve Martin


Secretary Susan Press

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 April 2025

And signed on behalf of the board by:
Name: Silvia Dacre
Status: Director

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 21,540 20,385
Gross profit(or loss): 21,540 20,385
Administrative expenses: ( 27,553 ) ( 28,549 )
Operating profit(or loss): (6,013) (8,164)
Profit(or loss) before tax: (6,013) (8,164)
Profit(or loss) for the financial year: (6,013) (8,164)

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 21,271 31,848
Total fixed assets: 21,271 31,848
Current assets
Debtors: 4 733 436
Cash at bank and in hand: 15,062 10,239
Total current assets: 15,795 10,675
Creditors: amounts falling due within one year: 5 ( 1,066 ) ( 510 )
Net current assets (liabilities): 14,729 10,165
Total assets less current liabilities: 36,000 42,013
Total net assets (liabilities): 36,000 42,013
Members' funds
Profit and loss account: 36,000 42,013
Total members' funds: 36,000 42,013

The notes form part of these financial statements

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 April 2025
and signed on behalf of the board by:

Name: Silvia Dacre
Status: Director

The notes form part of these financial statements

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover measured at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes

    Tangible fixed assets depreciation policy

    Deprececition is provided at following annual rates in order to write off each asset over its estimated useful life. Improvements to property 10% on cost Fixtures and Fittings 20% on cost

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 136,889 4,096 140,985
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 136,889 4,096 140,985
Depreciation
At 1 October 2023 105,041 4,096 109,137
Charge for year 10,577 0 10,577
On disposals
Other adjustments
At 30 September 2024 115,618 4,096 119,714
Net book value
At 30 September 2024 21,271 0 21,271
At 30 September 2023 31,848 0 31,848

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 733 436
Total 733 436

THE CORNHOLME & PORTSMOUTH OLD LIBRARY LTD.

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 556 0
Accruals and deferred income 510 510
Total 1,066 510