REGISTERED NUMBER: 08741545 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

DITTON PRIORS COMMUNITY LAND TRUST

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Bradshaw

Mrs M Brotherston

J F Coles

D P Munn

M J F Gregory

D R Harley

REGISTERED OFFICE:

The Willows Station Road

Ditton Priors

Bridgnorth

WV16 6SS

REGISTERED NUMBER:

08741545 (England and Wales)

ACCOUNTANTS:

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

FIXED ASSETS

286

Intangible assets

4

228

501,106

Tangible assets

5

502,969

501,392

503,197

CURRENT ASSETS

35

Debtors

4,032

10,841

Cash at bank and in hand

12,554

10,876

16,586

CREDITORS

2,778

Amounts falling due within one year

7,123

8,098

NET CURRENT ASSETS

9,463

509,490

TOTAL ASSETS LESS CURRENT LIABILITIES

512,660

RESERVES

495,723

Revaluation reserve

6

495,723

18,348

Accumulated fund

13,767

(4,581

)

Income and expenditure account

3,170

509,490

MEMBERS' FUNDS

512,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2025 and were signed on its behalf by:

J F Coles - Director

D P Munn - Director

1.	STATUTORY INFORMATION

Ditton Priors Community Land Trust is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

Income is measured at the fair value of the consideration received or receivable and is recognised in the accounting period which it relates to.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

HM Revenue & Customs have confirmed that the company is exempt from corporation tax in accordance with Paragraph 1of Schedule 6 Finance Act 2010.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2023

and 31st October 2024

584

AMORTISATION

At 1st November 2023

298

Amortisation for year

58

At 31st October 2024

356

NET BOOK VALUE

At 31st October 2024

228

At 31st October 2023

286

The company owns 2 Basic Payment Scheme entitlements and the cost is being amortised over 10 years.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2023

503,005

Additions

2,433

At 31st October 2024

505,438

DEPRECIATION

At 1st November 2023

1,899

Charge for year

570

At 31st October 2024

2,469

NET BOOK VALUE

At 31st October 2024

502,969

At 31st October 2023

501,106

The freehold property known as Oak Farm, Station Road, Ditton Priors was purchased from Shropshire Council for £1.

There is a covenant over the property so that if the Trust wishes to sell, Shropshire Council have the right to buy the property back at the original purchase price.

In the opinion of the directors, the property is recognised at its insurance and equivalent fair value of £500,000, the historic cost is £4,277.

6.

RESERVES

Revaluation

reserve

£

At 1st November 2023

and 31st October 2024

495,723