0 0 Aberaeron Town Improvements 14793942 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is to promote entertainment and to utilise any surplus for the general advantage and benefit of Aberaeron. Digita Accounts Production Advanced 6.30.9574.0 true true 14793942 2024-04-01 2025-03-31 14793942 2025-03-31 14793942 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 14793942 core:PlantMachinery 2025-03-31 14793942 bus:SmallEntities 2024-04-01 2025-03-31 14793942 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14793942 bus:FilletedAccounts 2024-04-01 2025-03-31 14793942 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14793942 bus:RegisteredOffice 2024-04-01 2025-03-31 14793942 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 14793942 bus:Director2 2024-04-01 2025-03-31 14793942 bus:Director3 2024-04-01 2025-03-31 14793942 bus:Director5 2024-04-01 2025-03-31 14793942 bus:Director6 2024-04-01 2025-03-31 14793942 bus:Director7 2024-04-01 2025-03-31 14793942 bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 14793942 core:PlantMachinery 2024-04-01 2025-03-31 14793942 countries:EnglandWales 2024-04-01 2025-03-31 14793942 2023-04-12 2024-03-31 14793942 2024-03-31 14793942 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14793942 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 xbrli:pure iso4217:GBP

Filleted
Registration number: 14793942

Aberaeron Town Improvements

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Aberaeron Town Improvements

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Aberaeron Town Improvements

Company Information

Directors

Mr Rhodri Dilwyn Jones

Mr Peter Davies

Mr Huw Grant Evans

Mr John Lewis

Mr Rhys Ap Dylan Davies

Mr Kim Humphrey

Company secretary

Mr Rhodri Dilwyn Jones

Registered office

Gerallt
Bro Allt-y-Graig
Aberaeron
Ceredigion
SA46 0DU

 

Aberaeron Town Improvements

(Registration number: 14793942)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,639

-

Current assets

 

Cash at bank and in hand

 

36,458

33,893

Creditors: Amounts falling due within one year

5

(34,515)

(34,058)

Net current assets/(liabilities)

 

1,943

(165)

Net assets/(liabilities)

 

3,582

(165)

Reserves

 

Retained earnings

3,582

(165)

Surplus/(deficit)

 

3,582

(165)

For the financial year ending 31 March 2025 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 25 April 2025 and signed on its behalf by:
 

.........................................
Mr Rhodri Dilwyn Jones
Company secretary and director

   
     
 

Aberaeron Town Improvements

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, 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:
Gerallt
Bro Allt-y-Graig
Aberaeron
Ceredigion
SA46 0DU

These financial statements were authorised for issue by the Board on 25 April 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Aberaeron Town Improvements

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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

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:

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 (2024 - 0).

 

Aberaeron Town Improvements

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

2,049

2,049

At 31 March 2025

2,049

2,049

Depreciation

Charge for the year

410

410

At 31 March 2025

410

410

Carrying amount

At 31 March 2025

1,639

1,639

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Other creditors

 

34,059

34,058

Corporation tax liability

 

456

-

 

34,515

34,058