Dorking Town Partnership Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09936170 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

Dorking Town Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Fuller

N W Boot

K M Parish

C J Wellman

B T Doha

Mrs T Weller

A J Magnani

R Jones

N J R Wright

SECRETARY:

N W Boot

REGISTERED OFFICE:

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

REGISTERED NUMBER:

09936170 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

CURRENT ASSETS

Debtors

5

8,663

10,361

Cash at bank

126,895

147,895

135,558

158,256

CREDITORS

Amounts falling due within one year

6

29,854

36,932

NET CURRENT ASSETS

105,704

121,324

TOTAL ASSETS LESS CURRENT LIABILITIES

105,704

121,324

RESERVES

Trust for prior period

7

106,833

-

Income and expenditure account

7

(1,129

)

121,324

105,704

121,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2023 and were signed on its behalf by:

A J Fuller - Director

N W Boot - Director

1.	STATUTORY INFORMATION

Dorking Town Partnership Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised on confirmation of receipt of levy payments from the collection agents, Mole Valley District Council. Voluntary levy contributions are recorded when invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company contributes to NEST for its employees. Contributions are charged in the period to which they relate.

Development and ballot costs

The company incurred development and ballot costs. The costs have been recognised in the period that they were incurred, though the financing of the costs is repaid over the 5 year term of the Business Improvement District and disclosed in creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

16,008

1,400

17,408

DEPRECIATION

At 1 April 2022

and 31 March 2023

16,008

1,400

17,408

NET BOOK VALUE

At 31 March 2023

-

-

-

At 31 March 2022

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

192

-

VAT

1,159

10,361

Prepayments

7,312

-

8,663

10,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other loans < 1 year

25,000

6,280

Other creditors

-

10,966

Accrued expenses

4,854

19,686

29,854

36,932

7.

RESERVES

Income

and

Trust for

expenditure

prior

account

period

Totals

£

£

£

At 1 April 2022

121,324

-

121,324

Deficit for the year

(15,620

)

(15,620

)

Held on trust for first BID period

(106,833

)

106,833

-

At 31 March 2023

(1,129

)

106,833

105,704

8.	POST BALANCE SHEET EVENTS

The company held unspent levy funds from the first term of the BID on trust for the levy payers. These funds were transferred after the year end to Mole Valley District Council, the statutory body responsible for the distribution to the levy payers.

9.	REPORTING OF ACTIVITIES

The company reports all of its activities in the income statement and presents the balance sheet as a single entity.