Abbreviated Company Accounts - PALATINE TRUST-THE

Abbreviated Company Accounts - PALATINE TRUST-THE

PALATINE TRUST-THE - Company Information

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Registered Number NI033261

PALATINE TRUST-THE

Abbreviated Accounts

31 December 2014

PALATINE TRUST-THE Registered Number NI033261

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 2,444 2,721
2,444 2,721
Current assets
Stocks 131,584 119,505
Cash at bank and in hand 39,624 52,930
171,208 172,435
Creditors: amounts falling due within one year (745) (730)
Net current assets (liabilities) 170,463 171,705
Total assets less current liabilities 172,907 174,426
Total net assets (liabilities) 172,907 174,426
Reserves
Other reserves 172,907 174,426
Members' funds 172,907 174,426
  • For the year ending 31 December 2014 the company was entitled to exemption 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.

Approved by the Board on 28 September 2015

And signed on their behalf by:
Finbar McCormick, Director

PALATINE TRUST-THE Registered Number NI033261

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the statement of recommended Practice "Accounting and Reporting by Charities" (revised 2005) and the Companies (Northern Ireland) Order 2006.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 January 2014 24,659
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 24,659
Depreciation
At 1 January 2014 21,938
Charge for the year 277
On disposals -
At 31 December 2014 22,215
Net book values
At 31 December 2014 2,444
At 31 December 2013 2,721