**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:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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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