Abbreviated Company Accounts - HOLLY LODGE CENTRE

Abbreviated Company Accounts - HOLLY LODGE CENTRE

HOLLY LODGE CENTRE - Company Information

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Registered Number 03663780

HOLLY LODGE CENTRE

Abbreviated Accounts

31 March 2016

HOLLY LODGE CENTRE Registered Number 03663780

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets - -
Tangible assets 3 13,513 14,113
Investments - -
13,513 14,113
Current assets
Stocks - -
Debtors 4,121 2,103
Investments - -
Cash at bank and in hand 93,058 80,710
97,179 82,813
Prepayments and accrued income - -
Creditors: amounts falling due within one year (5,633) (7,785)
Net current assets (liabilities) 91,546 75,028
Total assets less current liabilities 105,059 89,141
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 105,059 89,141
Reserves
Revaluation reserve 0 0
Other reserves 26,209 0
Income and expenditure account 78,850 89,141
Members' funds 105,059 89,141
  • For the year ending 31 March 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 18 October 2016

And signed on their behalf by:
M.Smythe OBE, Director

HOLLY LODGE CENTRE Registered Number 03663780

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Companies Act 2006 and the recommendations in the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2015).

Turnover policy
All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income, there is certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred as necessary when the donor specifies that the income must only be used in future accounting periods or when the donor has imposed conditions which must be met before the Charity has unconditional entitlement.

Tangible assets depreciation policy
Tangible fixed assets are capitalised where the purchase price is £2,500 or more. Such assets are depreciated on a straightline basis to write off the cost of each asset over its estimated useful economic life. The rates currently in use are:
• Motor vehicles five years
• Garden furniture five years
• Office equipment three years
• Other assets three years

Intangible assets amortisation policy
Not applicable

Valuation information and policy
Not applicable

Other accounting policies
Resources expended are accounted for on the accruals basis and are allocated to the particular activity to which they directly relate. Expenditure which does not directly relate to a specific activity is allocated to activities on a basis consistent with the use of resources.

Gift Aid is recognised in the accounting period in which the claim is made and funds have been received from HMRC.

The Charity has restricted and unrestricted funds. Restricted funds can be used only for specific purposes within the objects of the Charity, as defined by donors or when funds are raised for a specific purpose. Unrestricted funds can be used in accordance with charitable objectives at the discretion of the Trustees. Part of the unrestricted funds has been designated by the Trustees for the purposes of specifically identified projects (see funds and reserves policy on page 5).

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

3Tangible fixed assets
£
Cost
At 1 April 2015 52,571
Additions 8,920
Disposals (32,250)
Revaluations 0
Transfers 0
At 31 March 2016 29,241
Depreciation
At 1 April 2015 38,458
Charge for the year 8,037
On disposals (30,767)
At 31 March 2016 15,728
Net book values
At 31 March 2016 13,513
At 31 March 2015 14,113