## Report of the Director and Unaudited Financial Statements for the Year Ended 31 March 2021 for John Clare (Helpston) Limited John Clare (Helpston) Limited Contents of the Financial Statements for the Year Ended 31 March 2021 ||Page| |---|---| |Company Information|1| |Report of the Director|2| |Chartered Certified Accountants' Report|3| |Income Statement|4| |Balance Sheet|5| |Notes to the Financial Statements|6| |Trading and Profit and Loss Account|8| John Clare (Helpston) Limited Company Information for the Year Ended 31 March 2021 **DIRECTOR:** B Sheerman **REGISTERED OFFICE:** John Clare Cottage Woodgate Helpston Peterborough Cambridgeshire PE6 7ED **REGISTERED NUMBER:** 06316607 **ACCOUNTANTS:** Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN Page 1 John Clare (Helpston) Limited Report of the Director for the Year Ended 31 March 2021 The director presents his report with the financial statements of the company for the year ended 31 March 2021. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of generating funds for The John Clare Trust to whom the profits are gift aided. ## **DIRECTOR** B Sheerman held office during the whole of the period from 1 April 2020 to the date of this report. ## **STATEMENT OF DIRECTOR'S RESPONSIBILITIES** The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standardsand applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; - prepare the financial statementson the going concern basis unless it is inappropriateto presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** B Sheerman - Director 29 December 2021 Page 2 Chartered Certified Accountants' Report to the Director on the Unaudited Financial Statements of John Clare (Helpston) Limited In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Clare (Helpston) Limited for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. This report is made solely to the director of John Clare (Helpston) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Clare (Helpston) Limited and state those matters that we have agreed to state to the director of John Clare (Helpston) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. It is your duty to ensure that John Clare (Helpston) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Clare (Helpston) Limited. You consider that John Clare (Helpston) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of John Clare (Helpston) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN 29 December 2021 This page does not form part of the statutory financial statements Page 3 John Clare (Helpston) Limited Income Statement for the Year Ended 31 March 2021 |||31.3.21|31.3.20| |---|---|---|---| ||Notes|£|£| |**TURNOVER**||9,685|26,954| |Cost of sales||488|11,394| |**GROSS PROFIT**||9,197|15,560| |Administrative expenses||9,197|13,730| |**OPERATING PROFIT**||-|1,830| |Donation to John Clare Trust|4|-|1,830| |**PROFIT BEFORE TAXATION**||-|-| |Tax on profit||-|-| |**PROFIT FOR THE FINANCIAL**|**YEAR**|-|-| The notes form part of these financial statements Page 4 John Clare (Helpston) Limited (Registered number: 06316607) Balance Sheet 31 March 2021 |||31.3.21|31.3.20| |---|---|---|---| ||Notes|£|£| |**CURRENT ASSETS**|||| |Stocks||2,488|2,938| |Debtors|5|259|339| |Cash at bank and in hand||19,685|30,187| |||22,432|33,464| |**CREDITORS**|||| |Amounts falling due within one year|6|22,431|33,463| |**NET CURRENT ASSETS**||1|1| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||1|1| |**CAPITAL AND RESERVES**|||| |Called up share capital||1|1| |**SHAREHOLDERS' FUNDS**||1|1| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. The director acknowledges his 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 statementswhich 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 profit or loss for each financial year in accordance with the requirementsof 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 in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the director and authorised for issue on 29 December 2021 and were signed by: B Sheerman - Director The notes form part of these financial statements Page 5 John Clare (Helpston) Limited Notes to the Financial Statements for the Year Ended 31 March 2021 ## 1. **STATUTORY INFORMATION** John Clare (Helpston) Limited is a private company, limited by shares, registered in Not specified/Other. 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. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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 timingdifferences 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. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 2 (2020 - 2). ## 4. **EXCEPTIONAL ITEMS** |**EXCEPTIONAL ITEMS**||| |---|---|---| ||31.3.21|31.3.20| ||£|£| |Donation to John Clare Trust|-|(1,830)| continued... Page 6 John Clare (Helpston) Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2021 ## 5. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| ||31.3.21|31.3.20| ||£|£| |Trade debtors|259|339| |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| ||31.3.21|31.3.20| ||£|£| |Trade creditors|32|497| |Amounts owed to group undertakings|21,891|31,724| |Taxation and social security|8|683| |Other creditors|500|559| ||22,431|33,463| ## 6. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ## 7. **RELATED PARTY DISCLOSURES** The company has committed to gift aid profits amounting to £nil (2020 - £1,830) to The John Clare Trust. The company is a 100% owned subsidiary of The John Clare Trust. At the year end the company owed a total of £21,891 (2020 - £31,724) to the The John Clare Trust. ## 8. **ULTIMATE CONTROLLING PARTY** John Clare (Helpston) Limited is a 100% owned subsidiary of The John Clare Trust. The John Clare Trust is a registered charity and a company registered in England and Wales. The John Clare Trust is the ultimate controlling party. Page 7 John Clare (Helpston) Limited ## Trading and Profit and Loss Account for the Year Ended 31 March 2021 |**Turnover**
Shop and Café sales
Events income
Other income
**Cost of sales**
Opening stock
Purchases
Closing stock
**GROSS PROFIT**
**Expenditure**
Wages
Post and stationery
Repairs and renewals
Professional fees
**Finance costs**
Credit card
**Exceptional items**
Donation to John Clare Trust
**NET PROFIT**|31.3.21
£
(9)
(247)
9,941
2,938
38
2,976
(2,488)
8,371
32
-
500|£
9,685
488
9,197
8,903
294
294
-
-
-|31.3.20
£
25,013
926
1,015
3,409
10,923
14,332
(2,938)
11,543
426
433
500|£
26,954
11,394| |---|---|---|---|---| |||||15,560
12,902| |||||2,658
828| |||||1,830
1,830| |||||-| This page does not form part of the statutory financial statements Page 8