ISLIP VILLAGE HALL LIMITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Islip Village Hall Limited . Church Lane Islip Oxford OX5 2ST .
N A NORMAN & CO CHARTERED ACCOUNTANTS
Islip Village Hall Limited
Directors' Report
Directors:
Miss K Broadbent A Dandridge Mrs D Jones C P Rippon Mrs L M Swanston
Secretary:
Registered Office:
C P Rippon
Fieldside, Mill Street, Islip, Kidlington Oxon, OX5 2SY
Company Registration Number:
05304045
The Directors present their Annual Report and Accounts of theCompanyfor the year ended 31 December 2024.
Principal Activities
The principal activities of the Company throughout the year were the letting and promotion of a Village Hall.
Directors and Their Interests
As the Company is limited by guarantee, the Directors are not shareholders of the Company.
Auditors
In accordance with the requirements of the Companies Act 2006, Messrs N A Norman and Company retire as auditors at the Annual General Meeting, and, being eligible, offer themselves for re-appointment.
BY ORDER OF THE BOARD
SCneAe- Rippon Secretary
Date scssssisisisssessscecensneaseranneeenessssnnsssnsvcviseideinu ssnoesseeceveraccraunenapraneneeneeeseens
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Islip Village Hall Limited
Profit and Loss Account for the Year 31 December 2024
| 2023 | Notes | ||
|---|---|---|---|
| 45,034 | TURNOVER | 2 | 42,139 |
| 377 | Add Other Income | 427 | |
| 45,411 | 42 566 | ||
| (59,677) | Less Administrative Expenses | (44,642) | |
| (14,266) | PROFIT/ (LOSS)ONORDINARY ACTIVITIES | (2,076) | |
| 78,199 | RETAINED PROFITS BROUGHT FORWARD | 63,933 | |
| 63,933 | RETAINEDPROFITSCARRIEDFORWARD | 61,857 |
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Islip Village Hall Limited
| Balance Sheet as at 31 December | Balance Sheet as at 31 December | 2024 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | Notes | ||||||
| - | FIXED ASSETS | = | |||||
| CURRENT ASSETS | |||||||
| 3,466 | Debtors | 3 | 1,634 | ||||
| 76,563 | Cash at Bank and in Hand | 78,881 | |||||
| 80,029 | 80,515 | ||||||
| Less CREDITORS | |||||||
| 10,260 | Due within one year | 4 | 12,822 | ||||
| 69,769 | 67,693 | ||||||
| 69,769 | NETASSETS | 67,693 | |||||
| Financed By: | |||||||
| CAPITAL AND RESERVES | . | ||||||
| 5,836 | Capital and Reserve | 6 | 5,836 | ||||
| 63,933 | Profit and LossAccount | 61,857 | |||||
| , | |||||||
| _ | 69,769 | 67,693 |
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Islip Village Hall Limited
Balance Sheet as at 31 December 2024 (cont)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director’s acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.
| SIQNE......cette | Miss K Broadbent | |
|---|---|---|
| Director | sxtniuaisiniiiireesewivice Date | |
| SIQNed........cseseeseseeeeseeeees | A Dandridge, | teeeeeeestetettsetenesteeeetnenees Date |
| Director | ||
| Signed...........cceeeseeseeeeess | Mrs D Jones, | deersenwuveweevavweniucwecwanieceee Date |
| Director | ||
| SIQNEM........ceeseeeeeeiiees | CP Rippon, | UC: DAES |
| Director | ||
| SIQNed........ceeesseesssesesesseeese. | Mrs LM Swanston |
seeetetetesttesssseeteasetestsseseeees Date |
| Director |
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Islip Village Hall Limited
Notes to the Accounts for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Accounting Convention
The accounts have been prepared under the historical cost convention.
- TURNOVER
Turnover represents the value of goods and services provided excluding value added tax.
;
| 2024 | 2023 | |
|---|---|---|
| DEBTORS | ||
| All due within one year | 1,634 | 3,466 |
| CREDITORS | ||
| Amountsfallingduewithinoneyear | 12,822 | 10,260 |
TAXATION
No Provision for Corporation Tax has been necessary.
6. CAPITAL RESERVE
.
The Capital Reserve of £5,836 relates to the Value of Assets less liabilities transferred to the Company by the Islip Village Hall Management Committee on 3 December 2004.
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Islip Village Hall Limited
Trading, Profit and Loss Account for the Period Ended 31 December 2024
| 2023 | ||
|---|---|---|
| INCOME | ||
| 32,984 | Rents | 30,691 |
| 10,424 | Rental and Electricity Income from Village Shop | 11,398 |
| 1,626 | Art Fair | - |
| - | Sundry Income | 50 |
| 45,034 | 42,139 | |
| Add other Income:- | ||
| - | Islip Parish Council Grant | - |
| - | Cherwell RDC Grant | - |
| 110 | Other Grants and Donations | 4 |
| 267 | Interest Received | 426 |
| 45,411 | TOTALINCOME | 42,566 |
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Islip Village Hall Limited
Trading, Profit and Loss Account for the Period Ended 31 December 2024
2023
EXPENDITURE
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|---|---|---|---|---|---|---|---|
|10,597|Heat|and|Light|11,050|
|1,235|Rates|and|Water|725|
|797|Performing|Rights|Society|and|Premises|Licence|874|
|1,398|Insurance|1,395|
|10,090|Honoraria|13,895|
|410|Cleaning|Materials|496|
|159|TV|Licence|166|
|27,630|Repairs|and|Maintenance|9,675|
|2,514|Waste|Collection|2,494|
|1,450|Equipment|1,960|
|2,403|Security|Costs|and|Fire Alarms|964|
|672|Professional|Fees|580|
|-|Subscriptions|50|
|61|Website|Development|and|Maintenance|251|
|261|Sundries|67|
|59,677|TOTAL|EXPENDITURE|_|44,642|
|45,411|Total|Income|42|566|
|59,677|Less|Total|Expenditure|44,642|
|(14,266)|PROFIT/ (LOSS) FOR THE YEAR|(2,076)|
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