REGISTERED NUMBER: 03928968 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2025

for

Samudra Buddhist Centre

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Cowing

T Toms

F O'Brien

REGISTERED OFFICE:

47 High Street

Buxton

Derbyshire

SK17 6HB

REGISTERED NUMBER:

03928968 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

230,402

231,004

CURRENT ASSETS

Debtors

40

40

Cash at bank and in hand

32,234

30,565

32,274

30,605

CREDITORS

Amounts falling due within one year

897

704

NET CURRENT ASSETS

31,377

29,901

TOTAL ASSETS LESS CURRENT LIABILITIES

261,779

260,905

CREDITORS

Amounts falling due after more than one year

105,737

111,768

NET ASSETS

156,042

149,137

RESERVES

Retained earnings

156,042

149,137

MEMBERS' FUNDS

156,042

149,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 profit or loss 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 Income Statement and an abridged Balance Sheet for the year ended 28th February 2025 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 29th September 2025 and were signed on its behalf by:

T Toms - Director

1.	STATUTORY INFORMATION

Samudra Buddhist Centre 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.

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 represents donations received, fees for courses of instruction, fund raising and other sundry income.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st March 2024

244,043

Additions

610

At 28th February 2025

244,653

DEPRECIATION

At 1st March 2024

13,039

Charge for year

1,212

At 28th February 2025

14,251

NET BOOK VALUE

At 28th February 2025

230,402

At 29th February 2024

231,004

5.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Mortgage - Tridos Bank

88,385

93,563

Legal mortgage dated 18th December 2009 held by Tridos Bank.