**Company registration number: 07750088**
**Firle Village Hall and Playing Fields Company limited by guarantee**
**Unaudited financial statements**
**31 August 2022**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Contents**
||**Page**|
|---|---|
|Directors report|**1**|
|Statement of comprehensive income|**2**|
|Statement of financial position|**3 - 4**|
|Statement of changes in equity|**5**|
|Notes to the financial statements|**6 - 9**|
## **Firle Village Hall and Playing Fields Company limited by guarantee**
**Directors report Year ended 31 August 2022**
The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2022.
## **Directors**
The directors who served the company during the year were as follows:
Ms Mary Berridge (Resigned 28 September 2021) Mr James Gribble (Resigned 28 September 2021) Mrs Penny Woolgar Mr Michael Hole Mrs Caroline Wolstenholme Mr David Fox-Wilson (Appointed 28 September 2021) Mr Aaron Cambridge (Appointed 28 September 2021)
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 18 May 2023 and signed on behalf of the board by:
Mr Michael Hole Director
**Page 1**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Statement of comprehensive income Year ended 31 August 2022**
|**Note**
**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating loss**
**Loss before taxation**
Tax on loss
**Loss for the financial year and total comprehensive income**
All the activities of the company are from continuing operations.|**2022**
**£**
49,546
(3,004)
_______
46,542
(47,244)
_______
(702)
(702)
-
_______
(702)
_______|2021
£
2,494
-
_______
2,494
(10,823)
_______
(8,329)
(8,329)
-
_______
(8,329)
_______|
|---|---|---|
**The notes on pages 6 to 9 form part of these financial statements.**
**Page 2**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Statement of financial position 31 August 2022**
|**Note**
**Fixed assets**
Tangible assets
**5**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**6**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due**
**after more than one year**
**7**
**Net assets**
**Capital and reserves**
Profit and loss account
**Members funds**|**2022**
**£**
**£**
100,000
_______
100,000
42,969
_______
42,969
(39,000)
_______
3,969
_______
103,969
(100,000)
_______
3,969
_______
3,969
_______
3,969
_______|2021
£
£
100,000
_______
100,000
4,671
_______
4,671
-
_______
4,671
_______
104,671
(100,000)
_______
4,671
_______
4,671
_______
4,671
_______|
|---|---|---|
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
**The notes on pages 6 to 9 form part of these financial statements.**
**Page 3**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Statement of financial position (continued)**
## **31 August 2022**
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 18 May 2023, and are signed on behalf of the board by:
Mr Michael Hole Director
Company registration number: 07750088
**The notes on pages 6 to 9 form part of these financial statements.**
**Page 4**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Statement of changes in equity Year ended 31 August 2022**
|Profit and loss account
£
**At 1 September 2020**
13,000
Loss for the year
(8,329)
_______
**Total comprehensive income for the year**
(8,329)
_______
**At 31 August 2021 and 1 September 2021**
4,671
Loss for the year
(702)
_______
**Total comprehensive income for the year**
(702)
_______
**At 31 August 2022**
3,969
_______|**Total**
**£**
13,000
(8,329)
_______
(8,329)
_______
4,671
(702)
_______
(702)
_______
3,969
_______|
|---|---|
**Page 5**
**Firle Village Hall and Playing Fields Company limited by guarantee**
**Notes to the financial statements Year ended 31 August 2022**
## **1. General information**
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is Firle Memorial Hall, The Street, Firle, East Sussex, BN8 6NU.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Turnover**
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
## **Tangible assets**
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
**Page 6**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Notes to the financial statements (continued) Year ended 31 August 2022**
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
**Page 7**
**Firle Village Hall and Playing Fields Company limited by guarantee**
**Notes to the financial statements (continued) Year ended 31 August 2022**
## **4. Limited by guarantee**
**Page 8**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Notes to the financial statements (continued) Year ended 31 August 2022**
|**5.**
**Tangible assets**
**Cost**
**At 1 September 2021 and 31 August 2022**
**Depreciation**
**At 1 September 2021 and 31 August 2022**
**Carrying amount**
**At 31 August 2022**
At 31 August 2021
**6.**
**Creditors: amounts falling due within one year**
Other creditors
**7.**
**Creditors: amounts falling due after more than one year**
Other creditors|Freehold
**Total**
£
100,000
_______
-
_______
100,000
_______
100,000
_______
**2022**
**£**
39,000
_______
**2022**
**£**
100,000
_______|property
**£**
100,000
_______
-
_______
100,000
_______
100,000
_______
2021
£
-
_______
2021
£
100,000
_______|
|---|---|---|
**Page 9**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
**The following pages do not form part of the statutory accounts.**
## **Firle Village Hall and Playing Fields Company limited by guarantee**
## **Detailed income statement Year ended 31 August 2022**
|**Turnover**
Peter re Play area
Grants
Rents & fees receivable
Other income
**Cost of sales**
Purchases
**Gross profit**
**Overheads**
**Administrative expenses**
Rates
Insurance
Light and heat
Cleaning
Repairs and maintenance
Telephone
Assistance with Grant
Telephone Box repainting
Covid related expenses
Play area
General expenses
Subscriptions
**Operating loss**
**Loss before taxation**|**2022**
**£**
-
39,496
5,764
4,286
_______
49,546
(3,004)
_______
(3,004)
_______
46,542
(221)
(1,105)
(1,462)
(750)
(40,543)
(497)
(460)
-
-
(275)
(1,440)
(491)
_______
(47,244)
(702)
(702)
_______|2021
£
917
1,000
470
107
_______
2,494
-
_______
-
_______
2,494
(565)
(1,108)
(1,303)
(1,200)
(1,160)
(449)
(575)
(924)
(1,249)
(160)
(1,986)
(144)
_______
(10,823)
(8,329)
(8,329)
_______|
|---|---|---|