| Project Hougoumont Limited |
| (a charitable company limited by guarantee) |
| Registered number: |
07043137 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Cash at bank and in hand |
|
|
24,061 |
|
|
23,334 |
|
| Creditors: amounts falling due within one year |
5 |
|
(121) |
|
|
(142) |
|
|
|
|
|
|
|
| Net current assets |
|
|
|
23,940 |
|
|
23,192 |
|
| Net assets |
|
|
|
23,940 |
|
|
23,192 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Restricted reserves |
6 |
|
|
18,981 |
|
|
16,481 |
| Unrestricted reserves |
|
|
|
5,279 |
|
|
6,711 |
|
| Shareholders' funds |
|
|
|
24,260 |
|
|
23,192 |
|
|
|
|
|
|
|
|
| Number |
Number |
| Average number of employees |
|
|
|
3 |
|
|
3 |
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A J Spofforth |
| Director |
| Approved by the board on 13 August 2026 |
|
| Project Hougoumont Limited |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and Statement of Recommended Practice (SORP) Accounting and Reporting by Charities (FRS102) in preparing the annual report and accounts of the charity. |
|
|
Income |
|
Income is included in the statement of financial activities when the charity is legally entitled to the income and has a reasonable expectation of this being received. Donations receivable are recognised when the charity is legally entitled to receive them and are allocated to the specific activities for which they have been intended. Certain funding is receivable on condition of use and therefore accounted for as Restricted Reserves movements. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are recognised at transaction price. |
|
|
Taxation |
|
The company is a charity and therefore does not pay corporation tax on its charitable net income. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the statement of financial activities. |
|
| 2 |
Governance costs |
|
|
During the year the trustees received no remuneration or benefits in kind (2024 - nil). Trustees' expenses were £672 to one trustee (2024 - nil). |
|
| 3 |
Income |
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
Restricted |
|
Grant income and donations, including related gift aid |
|
2,500 |
|
- |
|
|
|
|
|
|
2,500 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals |
121 |
|
142 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Statement of Funds |
Restricted |
Unrestricted |
Total |
| funds |
funds |
funds |
|
|
|
|
2025 |
|
2025 |
|
2025 |
| £ |
£ |
£ |
|
Income |
2,500 |
|
1 |
|
2,501 |
|
Expenditure |
- |
|
(1,433) |
|
(1,433) |
|
Deficit in funds for the year |
2,500 |
|
(1,432) |
|
1,068 |
|
At 1 December 2024 |
16,481 |
|
6,711 |
|
23,192 |
|
At 30 November 2025 |
18,981 |
|
5,279 |
|
24,260 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
The charity is under the control of the trustees and directors. |
|
|
| 8 |
Other information |
|
|
Project Hougoumont Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Byne Cottage, Manley's Hill, Storrington, West Sussex RH20 4BN, England |
|
| 9 |
Statement of Funds for comparative year |
Restricted |
Unrestricted |
Total |
| funds |
funds |
funds |
|
|
|
|
2024 |
|
2024 |
|
2024 |
| £ |
£ |
£ |
|
Income |
- |
|
43 |
|
43 |
|
Expenditure |
- |
|
(20,355) |
|
(20,355) |
|
Deficit in funds for the year |
- |
|
(20,312) |
|
(20,312) |
|
At 1 December 2023 |
16,481 |
|
27,023 |
|
43,504 |
|
At 30 November 2024 |
16,481 |
|
6,711 |
|
23,192 |
|
|
|
|
|
|
|
|
|
| 10 |
Analysis of net assets between funds |
Restricted |
Unrestricted |
Total |
| funds |
funds |
funds |
|
|
|
|
2025 |
|
2025 |
|
2025 |
| £ |
£ |
£ |
|
Current assets |
18,661 |
|
5,400 |
|
24,061 |
|
Creditors |
- |
|
(121) |
|
(121) |
|
|
|
|
18,981 |
|
5,279 |
|
23,940 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Members' liability |
|
|
The members of the company guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of a winding up. |