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Company Registration No. 05589164 (England and Wales)
THE RECONCILIATION MINISTRIES Unaudited accounts for the year ended 31 December 2024
THE RECONCILIATION MINISTRIES Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
THE RECONCILIATION MINISTRIES Company Information for the year ended 31 December 2024
Directors
REV WELLINGTON OLALEKAN ADEGUNWA MR MATHIAS OGBETA MR FOLORUNSHO ERINLE MR OYEKUNLE OYEDOKUN
Company Number
05589164 (England and Wales)
Registered Office
53 EASTBOURNE CLOSE INGOL PRESTON PR2 3YR
Accountants
AA MATTHEW & CO NEWSPRING HOUSE 3 WORCESTER AVENUE OLD SWAN LIVERPOOL L13 9AZ
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THE RECONCILIATION MINISTRIES Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
406,661 
409,006 
Current assets
Debtors
5
1,761 
1,209 
Investments
6
- 
220,000 
Cash at bank and in hand
635,721 
167,631 
637,482 
388,840 
Creditors: amounts falling due within one year
7
(4,484)
(4,133)
Net current assets
632,998 
384,707 
Net assets
1,039,659 
793,713 
Reserves
8
Profit and loss account
1,039,659 
793,713 
Members' funds
1,039,659 
793,713 
For the year ending 31 December 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2024 and were signed on its behalf by
REV WELLINGTON OLALEKAN ADEGUNWA Director Company Registration No. 05589164
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THE RECONCILIATION MINISTRIES Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
THE RECONCILIATION MINISTRIES is a private company, limited by guarantee, registered in England and Wales, registration number 05589164. The registered office is 53 EASTBOURNE CLOSE, INGOL, PRESTON, PR2 3YR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line 50 Years
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
450,118 
43,630 
2,800 
17,974 
514,522 
Additions
10,000 
- 
- 
- 
10,000 
At 31 December 2024
460,118 
43,630 
2,800 
17,974 
524,522 
Depreciation
At 1 January 2024
60,832 
30,375 
2,772 
11,537 
105,516 
Charge for the year
7,415 
3,314 
7 
1,609 
12,345 
At 31 December 2024
68,247 
33,689 
2,779 
13,146 
117,861 
Net book value
At 31 December 2024
391,871 
9,941 
21 
4,828 
406,661 
At 31 December 2023
389,286 
13,255 
28 
6,437 
409,006 
- 5 -
THE RECONCILIATION MINISTRIES Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,761 
1,209 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
- 
220,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
4,484 
4,133 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
9
Capital commitments
2024 
2023 
£ 
£ 
There were no capital commitments at the end of the period.
10
Contingent liabilities
At the date of the balance sheet there were no contingent liabilities.
11
Loans to directors
There were no Directors Advances and credits therefore terms of credit and interest rates did not arise in the period.
12
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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