Company Registration No. 12190747 (England and Wales)
OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 10 |
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024
Directors
Company Number
Registered Office
Accountants
Rev Fr Nicolae CAPITANU Rev Fr Silvestru OTEL Constantin UNGURIANU 12190747 (England and Wales) 77 MOUNT PLEASANT ROAD LONDON NW10 3EH Westridge Accountants Ltd www.westridgeaccountants.co.uk
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION (COMPANY NO: 12190747 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 30 September 2024.
Directors
The following directors held office during the whole of the period:
Rev Fr Nicolae CAPITANU
Rev Fr Silvestru OTEL
Constantin UNGURIANU was appointed on 8 September 2024.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are 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 accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are 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 them to ensure that the accounts comply with the Companies Act 2006. They are 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.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Rev Fr Nicolae CAPITANU Director
Approved by the board on: 22 June 2025
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION ACCOUNTANTS' REPORT
Accountants' report to the board of directors of OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Westridge Accountants Ltd
www.westridgeaccountants.co.uk
22 June 2025
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION INCOME STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Administrative expenses Other operating income Operating surplus Surplus on ordinary activities before taxation Tax on surplus on ordinary activities Surplus for the financial year |
2024 £ (33,862) 65,345 31,483 31,483 - 31,483 |
2023 £ (30,120) 61,006 |
|---|---|---|
| 30,886 | ||
| 30,886 - |
||
| 30,886 |
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2024
| Notes Fixed assets Tangible assets 4 Current assets Debtors 5 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 Reserves 8 Profit and loss account Members' funds |
2024 £ 450,000 660 734 1,394 (370) 1,024 451,024 (352,299) 98,725 98,725 98,725 |
2023 £ 450,000 1,237 84 |
|---|---|---|
| 1,321 (199) |
||
| 1,122 | ||
| 451,122 (383,880) |
||
| 67,242 | ||
| 67,242 | ||
| 67,242 |
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2025 and were signed on its behalf by
Rev Fr Nicolae CAPITANU Director
Company Registration No. 12190747
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Statutory information
OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION is a private company, limited by guarantee, registered in England and Wales, registration number 12190747. The registered office is 77 MOUNT PLEASANT ROAD, LONDON, NW10 3EH.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
| 4 Tangible fixed assets Cost or valuation At 1 October 2023 At 30 September 2024 Depreciation At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 5 Debtors Amounts falling due after more than one year Other debtors 6 Creditors: amounts falling due within one year Taxes and social security |
2024 £ 660 2024 £ 370 |
Land & buildings £ At cost 450,000 |
|---|---|---|
| 450,000 | ||
| - | ||
| 450,000 | ||
| 450,000 | ||
| 2023 £ 1,237 |
||
| 2023 £ 199 |
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 7 Creditors: amounts falling due after more than one year Bank loans Other creditors |
2024 £ 348,840 3,459 352,299 |
2023 £ 383,880 - |
|---|---|---|
| 383,880 |
8 Company limited by guarantee
The company is limited by guarantee and has no share capital.�
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9 Average number of employees
During the year the average number of employees was 4 (2023: 3).
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OLD CALENDAR ORTHODOX CHURCH OF ANNUNCIATION DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024
This schedule does not form part of the statutory accounts.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Administrative expenses | ||
| Wages and salaries | 13,200 | 12,700 |
| Travel and subsistence | 2,269 | 2,089 |
| Rates | 3,114 | 2,920 |
| Light and heat | 502 | 2,347 |
| Cleaning | 574 | 979 |
| Telephone and fax | 454 | 416 |
| Stationery and printing | 87 | 141 |
| Bank charges | 52 | 15 |
| Software | 504 | 586 |
| Repairs and maintenance | 521 | 1,328 |
| Sundry expenses | 11,601 | 5,699 |
| Accountancy fees | 984 | 900 |
| 33,862 | 30,120 | |
| Other operating income | ||
| Other operating income | 65,345 | 61,006 |
| Operating profit | 31,483 | 30,886 |
| Profit on ordinary activities before taxation | 31,483 | 30,886 |
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