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Company Registration No. 07592170 (England and Wales)
Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Unaudited accounts for the year ended 31 December 2024
Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Company Information for the year ended 31 December 2024
Directors
Ezekiel Olaitan Obileye Olufunsho Abidemi Ojuola Debo Adesina Omotayo Olaleye Feyisetan Victor Olubusola Joel
Company Number
07592170 (England and Wales)
Registered Office
RCCG COVENANT RESTORATION ASSEMBLY UPPER SPON STREET COVENTRY CV1 3BL
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Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
195,091
205,582
Current assets
Debtors
5
97,060
47,244
Cash at bank and in hand
175,720
125,261
272,780
172,505
Creditors: amounts falling due within one year
6
(8,390)
4,772
Net current assets
264,390
177,277
Total assets less current liabilities
459,481
382,859
Creditors: amounts falling due after more than one year
7
(70,624)
(82,049)
Net assets
388,857
300,810
Reserves
8
Profit and loss account
388,857
300,810
Members' funds
388,857
300,810
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 15 October 2025 and were signed on its behalf by
Olufunsho Abidemi Ojuola Director Company Registration No. 07592170
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Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Redeemed Christian Church Of God Covenant Restoration Assembly Coventry is a private company, limited by guarantee, registered in England and Wales, registration number 07592170. The registered office is RCCG COVENANT RESTORATION ASSEMBLY, UPPER SPON STREET, COVENTRY, CV1 3BL.
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
2%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
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
180,756
43,259
69,387
21,519
314,921
Additions
-
10,268
-
-
10,268
At 31 December 2024
180,756
53,527
69,387
21,519
325,189
Depreciation
At 1 January 2024
29,154
39,206
19,460
21,519
109,339
Charge for the year
3,136
3,029
14,594
-
20,759
At 31 December 2024
32,290
42,235
34,054
21,519
130,098
Net book value
At 31 December 2024
148,466
11,292
35,333
-
195,091
At 31 December 2023
151,602
4,053
49,927
-
205,582
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Redeemed Christian Church Of God Covenant Restoration Assembly Coventry Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
97,060
32,544
Other debtors
-
14,700
97,060
47,244
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
2,657
2,657
Other creditors
5,250
(7,912)
Accruals
483
483
8,390
(4,772)
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
70,624
82,049
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 £1.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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