Company Registration No. 01517230 (England and Wales)
LITTLEBOROUGH COACH HOUSE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
LITTLEBOROUGH COACH HOUSE TRUST LIMITED ANNUAL REPORT AND ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 6 |
| Statement of income and retained earnings | 7 |
| Statement of financial position | 8 |
| Notes to the accounts | 9 |
| Detailed profit and loss account | 12 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024
Directors
J Collier JF Kay T Rowell E Woodhead A Stott H Gudgeon D Lloyd A Woodhead JR Kay S Moss J Butterworth J Cannell R Willis
Company Number 01517230 (England and Wales) Registered Office Octagon House 25/27 Yorkshire Street Rochdale OL16 1RH Accountants 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 2024.
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 T Rowell E Woodhead A Stott H Gudgeon D Lloyd A Woodhead JR Kay S Moss J Butterworth
The following directors were appointed during the period:
J Cannell was appointed on 4 November 2023. R Willis was appointed on 4 November 2023.
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.
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Signed on behalf of the board of directors
............................................................................
JF Kay Director
Approved by the board on: 1 July 2024
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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 2024
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 2024 as set out on pages 7 - 11 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
2 July 2024
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 MARCH 2024
| Turnover Cost of sales Gross surplus Administrative expenses Operating surplus/(loss) 4 Interest payable and similar charges Surplus/(loss) on ordinary activities before taxation Tax on surplus/(loss) on ordinary activities Surplus/(loss) for the financial year Retained earnings at the start of the year Surplus/(loss) for the financial year Dividends Retained earnings at the end of the year |
2024 £ 47,806 (3,898) 43,908 (42,147) 1,761 (116) 1,645 - 1,645 88,178 1,645 - 89,823 |
2023 £ 40,185 (4,876) |
|---|---|---|
| 35,309 (41,798) |
||
| (6,489) (80) |
||
| (6,569) - |
||
| (6,569) | ||
| 94,747 (6,569) - |
||
| 88,178 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024
| 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 |
2024 £ 5,461 77,500 82,961 666 712 11,358 12,736 (5,874) 6,862 89,823 89,823 89,823 |
2023 £ 6,262 77,500 |
|---|---|---|
| 83,762 406 974 8,322 |
||
| 9,702 (5,286) |
||
| 4,416 | ||
| 88,178 | ||
| 88,178 | ||
| 88,178 |
For the year ending 31 March 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 1 July 2024 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 2024
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 profit | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Profit before tax is stated after charging: | |||
| Depreciation of tangible fixed assets | 801 | 813 |
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
| 5 Tangible fixed assets Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 6 Investments Valuation at 1 April 2023 Valuation at 31 March 2024 |
Land & buildings £ At cost 37,640 37,640 31,616 753 32,369 5,271 6,024 |
Fixtures & fittings £ At cost 27,621 27,621 27,383 48 27,431 190 238 |
Total £ 65,261 |
|---|---|---|---|
| 65,261 | |||
| 58,999 801 |
|||
| 59,800 | |||
| 5,461 | |||
| 6,262 | |||
| 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 2024 was £5,300 (2023 £4,683).
| 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 |
2024 £ 292 420 712 2024 £ 1,299 4,575 5,874 |
2023 £ 614 360 |
|---|---|---|
| 974 | ||
| 2023 £ 1,399 3,887 |
||
| 5,286 |
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 2024
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 (2023: 0).
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LITTLEBOROUGH COACH HOUSE TRUST LIMITED DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
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 profit/(loss) Interest payable Bank loans and overdrafts Profit/(loss) on ordinary activities before taxation |
2024 £ 47,806 4,158 (260) 3,898 43,908 240 112 21,678 5,217 421 - 3,453 6,264 801 1,008 758 2,075 120 42,147 1,761 116 1,645 |
2023 £ 40,185 |
|---|---|---|
| 3,839 1,037 |
||
| 4,876 | ||
| 35,309 | ||
| 240 379 23,016 4,868 624 266 3,022 6,089 813 - 861 1,500 120 |
||
| 41,798 | ||
| (6,489) | ||
| 80 | ||
| (6,569) |
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