Company Registration No. 01517230 (England and Wales)
LITTLEBOROUGH COACH HOUSE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
LITTLEBOROUGH COACH HOUSE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 5 |
| Statement of income and retained earnings | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 11 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2022
Directors
Company Number
Registered Office
Accountants
J Collier JF Kay JS Parker T Rowell E Woodhead A Stott H Gudgeon D Lloyd CJ Longhurst
01517230 (England and Wales)
Octagon House 25/27 Yorkshire Street Rochdale OL16 1RH Latham Costa Limited 6 Barnfield Blackstone Edge Old Road Littleborough OL15 0JL
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED (COMPANY NO: 01517230 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 31 March 2022.
Principal activity
Preserving for the townspeople of Littleborough, whatever of the historical, architectural and constructional heritage may exist in and around Littleborough.
Directors
The following directors held office during the whole of the period:
J Collier JF Kay JS Parker T Rowell E Woodhead A Stott H Gudgeon D Lloyd
CJ Longhurst was appointed on 6 November 2021.
DM Pedder resigned on 17 March 2022.
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
............................................................................
JF Kay Director
Approved by the board on: 2 July 2022
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF LITTLEBOROUGH COACH HOUSE TRUST LIMITED FOR THE YEAR ENDED 31 MARCH 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Littleborough Coach House Trust Limited for the year ended 31 March 2022 as set out on pages 6 - 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Latham Costa Limited Chartered Accountants
6 Barnfield Blackstone Edge Old Road Littleborough OL15 0JL
4 July 2022
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 MARCH 2022
| Turnover Cost of sales Gross surplus Administrative expenses Operating (loss)/surplus 4 Interest payable and similar charges (Loss)/surplus on ordinary activities before taxation Tax on (loss)/surplus on ordinary activities (Loss)/surplus for the financial year Retained earnings at the start of the year (Loss)/surplus for the financial year Dividends Retained earnings at the end of the year |
2022 £ 37,782 (2,239) 35,543 (44,728) (9,185) (73) (9,258) - (9,258) 104,005 (9,258) - 94,747 |
2021 £ 35,003 (609) |
|---|---|---|
| 34,394 (20,539) |
||
| 13,855 (135) |
||
| 13,720 - |
||
| 13,720 | ||
| 90,285 13,720 - |
||
| 104,005 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022
| Notes Fixed assets Tangible assets 5 Investments 6 Current assets Inventories Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Net assets Reserves 9 Profit and loss account Members' funds |
2022 £ 7,075 77,500 84,575 1,443 1,734 16,489 19,666 (9,494) 10,172 94,747 94,747 94,747 |
2021 £ 7,902 77,500 |
|---|---|---|
| 85,402 1,187 6,659 13,760 |
||
| 21,606 (3,003) |
||
| 18,603 | ||
| 104,005 | ||
| 104,005 | ||
| 104,005 |
For the year ending 31 March 2022 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 2 July 2022 and were signed on its behalf by
E Woodhead Director
Company Registration No. 01517230
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
1 Statutory information
Littleborough Coach House Trust Limited is a private company, limited by guarantee, registered in England and Wales, registration number 01517230. The registered office is Octagon House, 25/27 Yorkshire Street, Rochdale, OL16 1RH.
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.
Presentation currency
The accounts are presented in sterling.
Turnover
Turnover comprises of income from fund raising events,shop sales,cafe rent,room hire and other sundry revenue.
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:
Land & buildings 2% straight line basis. Fixtures & fittings 20% reducing balance basis.
Stocks
Stocks have been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks Cost includes all direct costs.
| 4 | Operating loss | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| Loss is stated after charging: | |||
| Depreciation of tangible fixed assets | 827 | 846 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
| 5 Tangible fixed assets Cost or valuation At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 6 Investments Valuation at 1 April 2021 Valuation at 31 March 2022 |
Land & buildings £ At cost 37,640 37,640 30,110 753 30,863 6,777 7,530 |
Fixtures & fittings £ At cost 27,621 27,621 27,249 74 27,323 298 372 |
Total £ 65,261 |
|---|---|---|---|
| 65,261 | |||
| 57,359 827 |
|||
| 58,186 | |||
| 7,075 | |||
| 7,902 | |||
| Other investment s £ 77,500 |
|||
| 77,500 |
Investments are shown at cost as follows :� COIF Charity Fund Shares £500� Littleborough Coach House (Property) Limited Shares £77,000� The mid market value of the COIF Charity Fund Shares at 31 March 2022 was £5136 (2021 £5381).
| 7 Debtors Amounts falling due within one year Accrued income and prepayments Other debtors 8 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals |
2022 £ 225 1,509 1,734 2022 £ 1,635 7,859 9,494 |
2021 £ 6,659 - |
|---|---|---|
| 6,659 | ||
| 2021 £ 1,887 1,116 |
||
| 3,003 |
The bank loan is secured by a charge on freehold property owned by the lessor company, Littleborough Coach House (Property) Limited, and is repayable in monthly instalments including interest.
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
9 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.
10 Average number of employees
During the year the average number of employees was 0 (2021: 0).
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
This schedule does not form part of the statutory accounts.
| Turnover Sales Cost of sales Purchases (Increase)/decrease in stocks Gross profit Administrative expenses Rent Rates Light and heat Cleaning Telephone and fax Stationery and printing Insurance Repairs and maintenance Depreciation Donations Sundry expenses Accountancy fees Solicitors fees Operating (loss)/profit Interest payable Bank loans and overdrafts (Loss)/profit on ordinary activities before taxation |
2022 £ 37,782 2,495 (256) 2,239 35,543 240 193 19,525 4,613 505 224 2,571 7,783 827 6,046 581 1,500 120 44,728 (9,185) 73 (9,258) |
2021 £ 35,003 |
|---|---|---|
| 396 213 |
||
| 609 | ||
| 34,394 | ||
| 240 150 8,227 1,418 900 174 2,158 4,366 846 352 538 1,050 120 |
||
| 20,539 | ||
| 13,855 | ||
| 135 | ||
| 13,720 |
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