# **Report of Directors and Financial statements For the Year Ended 30 September 2020** ## **For** ## **COMMON GROUND ABBEYDALE LTD** Page 1 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **CONTENTS OF THE FINANCIAL STATEMENTS For the Year Ended 30 September 2020** ||**Page**| |---|---| |**Company Information**|3| |**Report of the Directors**|4| |**Profit and Loss Account**|5| |**Balance Sheet**|6,7| |**Notes to the Financial Statements**|8,9| |**Income and Expenditure Account**|10| |**Accountants Report**|11| Page 2 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **COMPANY INFORMATION For the Year Ended 30 September 2020** DIRECTORS Mr Gary Simmons-Black Mr Ali Qadar Mr Nicholas Williams (resigned 20/05/2020) Mr Jacob William Hurst Secretary none REGISTERED OFFICE St Peters Community Hall Woodstock Road, Machon Bank Sheffield, S7 1HA COMPANY NUMBER 08217403 CHARITY NUMBER 1150557 ACCOUNTANTS Abacus Accounting Services 66 Abbeydale Road Sheffield S7 1FD Page 3 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **Report of the Directors** ## **For the Year Ended 30 September 2020** The directors present their report with the financial statements of the company for the year ended 30 September 2020. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of a charitable organisation. ## **DIRECTORS** Directors during the period were as follows Names Mr Gary Simmons-Black Mr Ali Qadar Mr Nicholas Williams (resigned 20/05/2020) Mr Jacob William Hurst The beneficial interests in the issued share capital of the company was as follow : 30/09/2020 30/09/2019 N/A This report has been prepared in accordance with the special provisions of part VII of the companies Act 2006 relating to small companies ## **ON BEHALF OF THE BOARD** Director………………………………………… Dated…………………………………………… This page forms part of these financial statements Page 4 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **PROFIT AND LOSS ACCOUNT** ## **For the Year Ended 30 September 2020** |||30-Sep-20||30-Sep-19| |---|---|---|---|---| |||**£**||**£**| |**TURNOVER**||25167||23827| |Cost of sales||0||0| |GROSS PROFIT||25167||23827| |Administrative expenses||19744||18705| |OPERATING PROFITS||5423||5120| |Interest payable and||0||0| |Similar charges||||| |**PROFIT/(LOSS) ON ORDINARY ACTIVITIES**||5423||5120| |**BEFORE TAXATION**||||| |Tax on Profit on ordinary activities||0||0| |**PROFIT/(LOSS) AFTER TAXATION**||5423||5120| |Dividends||0||0| |Retained profit brought forward||9137||4017| |RETAINED PROFIT CARRIED FORWARD|**£**|14560|**£**|9137| This page forms part of these financial statements Page 5 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **BALANCE SHEET** ## **For the Year Ended 30 September 2020** |**£**
**£**
**FIXED ASSETS**:
Tangible Assets
720
Additions
1504
2224
**CURRENT ASSETS**:
Cash in Hand
0
Debtors
0
Cash at Bank
12806
12806
**CURRENT LIABILITIES**
Creditors and Accruals
470
Deferred Liabilities
0
Bank Loan
0
Other Loan
0
Corporate Tax
0
470
NET CURRENT LIABILITIES:
12336
**TOTAL ASSETS LESS CURRENT LIABILITIES**
14560
**LONG TERM LIABILITIES:**
Directors Loan Account
0
Bank Loans
0
Connected Company Loans
0
0
**TOTAL ASSETS LESS LIABILITIES**
14560
**CAPITAL AND RESERVES:**
Called up share capital
0
Profit and loss account
14560
SHAREHOLDERS FUNDS:
14560
30-Sep-20|30-Sep-19|30-Sep-19| |---|---|---| ||**£**
0
0
9617|**£**
3720
3000| |||720
8417| ||9617|| ||360
840
0
0
0|| ||1200|| ||0
0
0|| |||9137
0| |||| |||9137| |||0
9137| |||9137| This page forms part of these financial statements Page 6 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **BALANCE SHEET** ## **For the Year Ended 30 September 2020** For the year ending 30th September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## Director's Responsibilities The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ## **ON BEHALF OF THE BOARD** Director………………………………… Approved by the board on …………………………. This page forms part of these financial statements Page 7 of 11 **COMMON GROUND ABBEYDALE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2020** ## **ACCOUNTING POLICIES** ## **ACCOUNTING CONVENTIONS** The financial statement has been prepared under the historical cost convention and in accordance with the financial reporting standard for smaller entities. ## **(Note 1)** ## **FIXED ASSETS** |**FIXED ASSETS**|| |---|---| |Tangible Assets
Balance at beginning of year
Additions during the year
Total
Less Grants during the year
Balance at end of the year|30-Sep-20
30-Sep-19
**£**
**£**
720
0
1504
3720| ||2224
3720
0
3000| ||2224
720| This page forms part of these financial statements Page 8 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 30 September 2020** ## **(Note 2)** |**CREDITORS AND ACCRUALS**|30-Sep-20|30-Sep-19| |---|---|---| ||**£**|**£**| |Rent|0|0| |Accountancy|470|360| |Repairs|0|0| |Deferred Liabilities|0|840| ||470|1200| These notes form part of these financial statements Page 9 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **Income and Expenditure Account For the Year Ended 30 September 2020** |**Income**
Rents Received
Grant SCC
Donations
Lottery Grants
**Expenditure**
Repairs & Refurbishment
Rent and Insurance
Light and Heat
Internet Charges
Insurance
Sundries and Cleaning
Accountancy
Bank Charges and Interest
Loan Interest
Net Profit|**£**
12891
1387
2794
943
269
1100
360|**£**
13397
10610
320
840| |---|---|---| |||25167
19744| |||5423| |||0
0| |||| |||5423| This page does not form part of these financial statements Page 10 of 11 ## **COMMON GROUND ABBEYDALE LTD** ## **Accountants Report For the Year Ended 30 September 2020** ## Accountants Report to the board of Directors on the Unaudited Financial Statements of Common Ground Abbeydale Limited. In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise Profit and Loss Account and Balance Sheet and the related notes from the accounting records and information and explanations you have given to us. The report is made to the Company’s Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company’s Board of Directors that we have done so’ and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any one other than the Company and the Company’s Board of Directors, as a body, for our work or for this report. You have acknowledged on the balance sheet as at 30.09.2020 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. 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 financial statements. Abacus Accounting Services 66 Abbeydale Road Sheffield S7 1FD Date Page 11 of 11