Company registration number 02895229 (England and Wales)
AGE UK ENTERPRISES (WESTMINSTER) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AGE UK ENTERPRISES (WESTMINSTER) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AGE UK ENTERPRISES (WESTMINSTER) LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,328
5,307
Current assets
Debtors
4
1,906
638
Cash at bank and in hand
19,685
45,161
21,591
45,799
Creditors: amounts falling due within one year
5
(12,318)
(10,412)
Net current assets
9,273
35,387
Net assets
19,601
40,694
Capital and reserves
Called up share capital
15,000
15,000
Profit and loss reserves
4,601
25,694
Total equity
19,601
40,694
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 18 June 2025 and are signed on its behalf by:
Ms F J Healy Connelly
Director
Company registration number 02895229 (England and Wales)
AGE UK ENTERPRISES (WESTMINSTER) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
AGE UK ENTERPRISES (WESTMINSTER) LTD is a private company limited by shares incorporated in England and Wales. The registered office is Beethoven Centre, Third Avenue, London, W10 4JL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
Straight line over 5-10 years
Fixtures, fittings & equipment
Straight line over 1-3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
AGE UK ENTERPRISES (WESTMINSTER) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
28,584
2,356
30,940
Additions
8,715
8,715
Disposals
(6,850)
(6,850)
At 30 September 2024
30,449
2,356
32,805
Depreciation and impairment
At 1 October 2023
23,277
2,356
25,633
Depreciation charged in the year
3,694
3,694
Eliminated in respect of disposals
(6,850)
(6,850)
At 30 September 2024
20,121
2,356
22,477
Carrying amount
At 30 September 2024
10,328
10,328
At 30 September 2023
5,307
5,307
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,419
Other debtors
487
638
1,906
638
AGE UK ENTERPRISES (WESTMINSTER) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
295
(552)
Amounts owed to group undertakings
8,997
8,142
Other creditors
3,026
2,822
12,318
10,412
6
TAXATION
Analysis of the tax charge
No liability to UK corporation tax arose on ordinary activities for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Factors affecting tax charge for the year
The tax assessed for the year is the same as the standard rate of corporation tax in the UK of 19% (2023 – 19%).
An amount of £1,326 has been identified as a deferred tax liability which has not been provided for above (2023: £6,003). No deferred tax provision has been made for this on the basis that taxable profits will be Gift Aided to charity and therefore this liability is unlikely to be realised.
7
Ultimate Parent Company
Age UK Westminster is regarded by the directors as being the company's ultimate parent company.
8
Related party transactions
Age UK Westminster
Parent company
During the period the company was recharged for goods and services to the value of £54,194 (2023: £37,658) from the parent company, Age UK Westminster, and donated under gift aid the gross amount of £26,399 (2023: £26,338).