Llandogo Village Hall Unaudited Annual Accounts For the year ended 31 December 2022 **Contents** **For the year ended 31 December 2022** ## **Llandogo Village Hall** |**CONTENTS**|**PAGE**| |---|---| |Proprietor Information|3| |Proprietor's Approval Statement|4| |Accountant's Report|5| |Income Statement|6| |Statement of Financial Position|7| |Notes to the Accounts|8 ­ 9| |Detailed Income Statement|10| - 2 - ## **Llandogo Village Hall Proprietor Information For the year ended 31 December 2022** |**Trading/Business name**|Llandogo Village Hall| |---|---| |**Proprietor**|Nigel Juckes| |**Accountant**|Ace Accounts & Bookkeeping Services Ltd| ||Emma Sadler| ||16 Park Road| ||Five Acres| ||GL16 7QS| - 3 - ## **Llandogo Village Hall Proprietor's Approval Statement For the year ended 31 December 2022** I approve the accounts which comprise the income statement, statement of financial position and related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing Ace Accounts & Bookkeeping Services Ltd with all the information and explanations necessary for its compilation. Proprietor Nigel Juckes Date: 22 March 2023 - 4 - ## **Llandogo Village Hall Accountant's Report** ## **For the year ended 31 December 2022** Accountant's Report to the Proprietor on the preparation of the unaudited annual accounts of Llandogo Village Hall for the year ended 31 December 2022. In accordance with your instructions and the engagement letter dated 22 March 2023, we have prepared for your approval the accounts of Llandogo Village Hall for the year ended 31 December 2022. We have prepared these annual accounts based on the accounting records,information and explanations provided by you. We have not carried out an audit and consequently we do not express any opinion on the accounts. Ace Accounts & Bookkeeping Services Ltd Emma Sadler 16 Park Road Five Acres GL16 7QS Date: 22 March 2023 - 5 - ## **Llandogo Village Hall** ## **Income Statement** ## **For the year ended 31 December 2022** |**Notes**
Turnover
2
**Gross profit**
Administrative expenses
**Operating profit**
**Profit for the year**|**2022**
**£**
15,854
**15,854**
(15,477)
**376**
**376**|**2021**
**£**
19,812| |---|---|---| |||**19,812**
(22,771)| |||**(2,959)**| |||**(2,959)**| - 6 - ## **Llandogo Village Hall Statement of Financial Position** ## **For the year ended 31 December 2022** |**Notes**
**Current assets**
Cash and cash equivalents
4
**Current liabilities**
Creditors: Amounts falling due within one year
5
Net current assets/(liabilities)
Total assets less current liabilities
**Non­current liabilities**
**Net assets/(liabilities)**
**Financed by:**
Capital account
6|**2022**
**£**
7,171
7,171
(100)
(100)
7,071
7,071
**7,071**
**(6,088)**|**2021**
**£**
6,795| |---|---|---| |||6,795
(100)| |||(100)
6,695| |||6,695| |||**6,695**| |||| |||**(6,464)**| Alert: Net assets does not match with Capital and reserves for both the current year and the previous year ! - 7 - ## **Llandogo Village Hall Notes to the Accounts For the year ended 31 December 2022** ## **(1) Significant Accounting Policies** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Basis of Preperation** The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. The presentation and functional currency is pounds sterling. ## **Revenue recognition** Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. ## **Sale of goods** Sales of goods are recognised when the partnership has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. ## **Rendering of Services** Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. ## **(2) Turnover** All revenue in the current and prior period arises in the United Kingdom. The revenue from proprietor's operations amounted to £15,854(2021: £ 19,812) |Sales
**(3) Employees**
During the year, the average number of employees including members was 0 (2021 : 0)
**(4) Cash and cash equivalents**
Bank balance
**(5) Creditors: Amounts falling due within one year**
Accruals and deferred income|**2022**
**£**
15,854
**15,854**
**2022**
**£**
7,171
**7,171**
**2022**
**£**
100
**100**|**2021**
**£**
19,812| |---|---|---| |||**19,812**| |||**2021**
**£**
6,795| |||**6,795**| |||**2021**
**£**
100| |||**100**| ## **(6) Capital account** - 8 - **Llandogo Village Hall Notes to the Accounts (Continued) For the year ended 31 December 2022** |Capital withdrawn
Profit of the Year
As at 31 December 2022|**2022**
**£**
­
(6,088)
**(6,088)**|**2021**
**£**
­
(6,464)
**(6,464)**| |---|---|---| - 9 - ## **Llandogo Village Hall Detailed Income Statement** ## **For the year ended 31 December 2022** |**Turnover**
**Gross Profit**
**Less : Administrative expenses**
Bank Fees
Cleaning
Insurance
Legal and Professional Fees
License Fees
Light, Power and Heating
Repairs & Maintenance Unplanned
Sundry Expenses
Telephone and Internet
Water Charges
Equipment
Rates
Repairs & Maintenance Contracts
**Operating profit**
**Profit for the year**|**2022**
**£**
15,854
**15,854**
103
1,394
1,316
100
82
3,492
7,984
57
573
376
­
­
­
15,477
**376**
**376**|**2021**
**£**
19,812| |---|---|---| |||**19,812**| |||­
1,163
1,376
100
158
1,310
15,268
146
450
553
1,669
40
538| |||22,771| |||**(2,959)**| |||| |||**(2,959)**| - 10 -