Association of Town Centre Management - Accounts to registrar (filleted)

REGISTERED NUMBER: 02814583 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASSOCIATION OF TOWN CENTRE MANAGEMENT

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L M Carlson

J M Hammond

A Watson

V Allen

K M Brew

Mrs C Davis

M Sims

Ms M S Palmer

T Connolly

J B Shipp

C J Mccracken

R J Gates

REGISTERED OFFICE:

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

REGISTERED NUMBER:

02814583 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership Limited

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

4

1,178

468

CURRENT ASSETS

Debtors

5

30,479

36,547

Cash at bank

104,183

75,141

134,662

111,688

CREDITORS

Amounts falling due within one year

6

75,989

61,009

NET CURRENT ASSETS

58,673

50,679

TOTAL ASSETS LESS CURRENT
LIABILITIES

59,851

51,147

PROVISIONS FOR LIABILITIES

294

117

NET ASSETS

59,557

51,030

RESERVES

Income and expenditure account

7

59,557

51,030

59,557

51,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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.

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 9 September 2026 and were signed on its behalf by:

L M Carlson - Director

J M Hammond - Director

1.	STATUTORY INFORMATION

Association of Town Centre Management 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.

The following principal accounting policies have been applied:

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

Turnover

Turnover represents subscriptions, core donations and sponsorship, events income, specific sponsorship (Research, publications or other activity), grant income and sundry sales.

Subscriptions are earned evenly from the month of billing over the subscription period, with subscriptions received in advance included as deferred income at the balance sheet date.

Core donations and sponsorship are earned from the month of billing over the year following the billing (typically 12 months).

Event income is earned when the events are held.

Specific sponsorship is earned when the related activity is concluded. Pending release, the sponsorship billed is set against the costs of the activity and held as sponsorship income received in advance.

Tangible fixed assets

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

Computer equipment

-

33% per annum on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

3,975

Additions

1,298

At 31 December 2025

5,273

DEPRECIATION

At 1 January 2025

3,507

Charge for year

588

At 31 December 2025

4,095

NET BOOK VALUE

At 31 December 2025

1,178

At 31 December 2024

468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

14,504

16,467

Other debtors

15,975

20,080

30,479

36,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

876

890

Taxation and social security

6,926

5,303

Other creditors

68,187

54,816

75,989

61,009

7.

RESERVES

Income

and

expenditur

account

£

At 1 January 2025

51,030

Surplus for the year

8,527

At 31 December 2025

59,557

8.	ULTIMATE CONTROLLING PARTY

The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company.

9.	LIMITED BY GUARANTEE

The company is a private company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.