| Kadampa Meditation Centre Plymouth Limited |
| Registered number: |
03394073 |
| Statement of Financial Position |
|
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
6 |
|
|
577,271 |
|
|
578,708 |
|
| Current assets |
| Stocks |
|
|
3,400 |
|
|
3,700 |
| Debtors |
7 |
|
471 |
|
|
1,908 |
| Cash at bank and in hand |
|
|
21,700 |
|
|
11,583 |
|
|
|
25,571 |
|
|
17,191 |
|
| Creditors: amounts falling due within one year |
8 |
|
(23,293) |
|
|
(23,089) |
|
| Net current assets/(liabilities) |
|
|
|
2,278 |
|
|
(5,898) |
|
| Total assets less current liabilities |
|
|
|
579,549 |
|
|
572,810 |
|
| Creditors: amounts falling due after more than one year |
9 |
|
|
(219,857) |
|
|
(230,950) |
|
|
|
| Net assets |
|
|
|
359,692 |
|
|
341,860 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Retained earnings |
10 |
|
|
359,692 |
|
|
341,860 |
|
|
|
|
|
359,692 |
|
|
341,860 |
|
|
|
|
|
|
|
|
| Average number of employees |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
|
| The company is a private company limited by guarantee and incorporated in England. Its registered office is 48-50 Mutley Plain, Plymouth, PL4 6LE. |
|
| The members 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 member has 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. |
|
|
| …..................................................... |
| J Martin - Trustee |
| Approved by the board on 18 September 2026 |
|
| Kadampa Meditation Centre Plymouth Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Statement of Recommended Practice : Accounting and Reporting by Charities issued in March 2005. |
|
|
The financial statements are prepared in sterling, which is the functional currency of the entity. |
|
|
Incoming resources |
|
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits assocaited with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: |
|
- income from donations or grants are recognised when there is evidence of entitlement to the gift, receipt and its amount can be measured reliably. |
|
- legacy income is recognised when receipt is probable and entitlement is established |
|
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. |
|
Resources expended |
|
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT whicih cannot be fully recovered, and is reported as part of the expenditure to which it relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Taxation |
|
As a charity, Kadampa Meditation Centre Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. |
|
|
|
|
|
|
Unrestricted funds |
|
Total funds |
Total funds |
| 2 |
Donations and other income |
2025 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
|
|
Rent |
50,618 |
|
50,618 |
|
45,712 |
|
Membership |
15,287 |
|
15,287 |
|
15,992 |
|
Donations |
1,583 |
|
1,583 |
|
4,188 |
|
Sales |
23,384 |
|
23,384 |
|
28,931 |
|
|
|
|
90,872 |
|
90,872 |
|
94,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
Total funds |
| 3 |
Costs on other trading activies |
2025 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
|
|
Purchases |
6,706 |
|
6,706 |
|
8,895 |
|
Other direct costs |
- |
|
- |
|
4,214 |
|
|
|
|
|
6,706 |
|
6,706 |
|
13,109 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
Total funds |
| 4 |
Expenditure of charitable activities |
2025 |
|
2025 |
|
2024 |
| £ |
£ |
£ |
|
Employee costs |
2,252 |
|
2,252 |
|
4,227 |
|
Premises costs |
33,726 |
|
33,726 |
|
22,390 |
|
General administration costs |
16,924 |
|
16,924 |
|
10,471 |
|
Legal and professional costs |
1,942 |
|
1,942 |
|
2,268 |
|
Depreciation and profit (loss) on sale of assets |
1,437 |
|
1,437 |
|
1,916 |
|
Interest |
10,053 |
|
10,053 |
|
10,514 |
|
|
|
|
|
66,334 |
|
66,334 |
|
51,786 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
No trustees received any remuneration during the year. |
|
|
|
|
| 6 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
572,961 |
|
22,915 |
|
595,876 |
|
At 31 December 2025 |
572,961 |
|
22,915 |
|
595,876 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
- |
|
17,168 |
|
17,168 |
|
Charge for the year |
- |
|
1,437 |
|
1,437 |
|
At 31 December 2025 |
- |
|
18,605 |
|
18,605 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
572,961 |
|
4,310 |
|
577,271 |
|
At 31 December 2024 |
572,961 |
|
5,747 |
|
578,708 |
|
|
| 7 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
471 |
|
1,908 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,632 |
|
10,632 |
|
Trade creditors |
1,259 |
|
894 |
|
Other creditors |
11,402 |
|
11,563 |
|
|
|
|
|
|
23,293 |
|
23,089 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
219,857 |
|
230,950 |
|
|
|
|
|
|
|
|
|
|
|
|
| 10 |
Analysis of charitable funds |
At 1/1/2024 |
Income |
Expenditure |
At 31/12/2025 |
|
Unrestrcited funds |
£ |
£ |
£ |
£ |
|
|
General funds |
341,860 |
|
90,872 |
|
(73,040) |
|
359,692 |
|
|
|
341,860 |
|
90,872 |
|
(73,040) |
|
359,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 11 |
Other information |
|
|
Kadampa Meditation Centre Plymouth Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
48-50 Mutley Plain |
|
Plymouth |
|
Devon |
|
PL4 6LE |