Abbreviated Company Accounts - DUNCOMBE STREET COMMUNITY HOUSE LIMITED

DUNCOMBE STREET COMMUNITY HOUSE LIMITED - Company Information

Registered Number 07372842

DUNCOMBE STREET COMMUNITY HOUSE LIMITED

Abbreviated Accounts

30 April 2016

DUNCOMBE STREET COMMUNITY HOUSE LIMITED Registered Number 07372842

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	150,633	-
		150,633	-
Current assets
Debtors		472	378
Cash at bank and in hand		5,464	20,134
		5,936	20,512
Creditors: amounts falling due within one year		(500)	(12,325)
Net current assets (liabilities)		5,436	8,187
Total assets less current liabilities		156,069	8,187
Total net assets (liabilities)		156,069	8,187
Reserves
Income and expenditure account		156,069	8,187
Members' funds		156,069	8,187

For the year ending 30 April 2016 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 21 June 2016

And signed on their behalf by:
David Thomas, Director

DUNCOMBE STREET COMMUNITY HOUSE LIMITED Registered Number 07372842

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015), and applicable UK Accounting Standards and the Charities Act 2011.

(b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal.

(c) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

(e) Tangible fixed assets and depreciation
All assets costing more than £1,000 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. The freehold property is valued at historic cost and it is not depreciated, as the properties are considered to have a useful life as a building of greater than 50 years and so any depreciation charge is considered immaterial.

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

3Tangible fixed assets

	£
Cost
At 1 May 2015	0
Additions	150,633
Disposals	0
Revaluations	0
Transfers	0
At 30 April 2016	150,633
Depreciation
At 1 May 2015	0
Charge for the year	0
On disposals	0
At 30 April 2016	0
Net book values
At 30 April 2016	150,633
At 30 April 2015	0