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No description of principal activity
2019-04-01
Sage Accounts Production Advanced 2020 - FRS102_2019
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xbrli:shares
iso4217:GBP
01694054
2019-04-01
2020-03-31
01694054
2020-03-31
01694054
2017-10-01
2019-03-31
01694054
2019-03-31
01694054
core:LandBuildings
core:OwnedOrFreeholdAssets
2019-04-01
2020-03-31
01694054
core:FurnitureFittings
2019-04-01
2020-03-31
01694054
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2019-04-01
2020-03-31
01694054
bus:Director4
2019-04-01
2020-03-31
01694054
bus:Director5
2019-04-01
2020-03-31
01694054
core:LandBuildings
core:OwnedOrFreeholdAssets
2020-03-31
01694054
core:FurnitureFittings
2020-03-31
01694054
core:WithinOneYear
2020-03-31
01694054
core:WithinOneYear
2019-03-31
01694054
core:ShareCapital
2020-03-31
01694054
core:ShareCapital
2019-03-31
01694054
core:RetainedEarningsAccumulatedLosses
2020-03-31
01694054
core:RetainedEarningsAccumulatedLosses
2019-03-31
01694054
core:FurnitureFittings
2019-03-31
01694054
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2020-03-31
01694054
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2019-04-01
2020-03-31
01694054
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2019-04-01
2020-03-31
01694054
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2019-04-01
2020-03-31
01694054
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2019-04-01
2020-03-31
01694054
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2020-03-31
01694054
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2019-04-01
2020-03-31
COMPANY REGISTRATION NUMBER:
01694054
NORTHAMPTON CHRISTIAN CENTRES LIMITED
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS
|
|
NORTHAMPTON CHRISTIAN CENTRES LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
31 March 2020
Fixed assets
Current assets
Stocks
|
10,000
|
|
11,220
|
Debtors
|
7
|
158
|
|
3,500
|
Cash at bank and in hand
|
2,026
|
|
3,845
|
|
--------
|
|
--------
|
|
12,184
|
|
18,565
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
7,347
|
|
5,944
|
|
--------
|
|
--------
|
Net current assets
|
|
4,837
|
12,621
|
|
|
-------
|
--------
|
Total assets less current liabilities
|
|
4,838
|
12,622
|
|
|
-------
|
--------
|
Net assets
|
|
4,838
|
12,622
|
|
|
-------
|
--------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
9
|
|
35,000
|
35,000
|
Profit and loss account
|
|
(
30,162)
|
(
22,378)
|
|
|
--------
|
--------
|
Shareholders funds
|
|
4,838
|
12,622
|
|
|
--------
|
--------
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
NORTHAMPTON CHRISTIAN CENTRES LIMITED
|
|
STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 March 2020
These financial statements were approved by the
board of directors
and authorised for issue on
2 March 2021
, and are signed on behalf of the board by:
Mr M Brown
|
Mr A Solomon
|
Director
|
Director
|
|
|
Company registration number:
01694054
NORTHAMPTON CHRISTIAN CENTRES LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 MARCH 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Penfold Gardens, Great Billing, Northampton, NN3 9PG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Land and Buildings
|
-
|
10% straight line
|
|
Fixtures, Fittings and Equipment
|
-
|
33% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. /
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
14
).
5.
Matters affecting future taxation
The company has corporation tax losses to carry forward of £196,052 (2019: £185,501) for relief against future profits
6.
Tangible assets
|
Freehold property
|
Fixtures and fittings
|
Total
|
|
£
|
£
|
£
|
Cost
|
|
|
|
At 1 April 2019 and 31 March 2020
|
4,681
|
9,680
|
14,361
|
|
-------
|
-------
|
--------
|
Depreciation
|
|
|
|
At 1 April 2019 and 31 March 2020
|
4,681
|
9,679
|
14,360
|
|
-------
|
-------
|
--------
|
Carrying amount
|
|
|
|
At 31 March 2020
|
–
|
1
|
1
|
|
-------
|
-------
|
--------
|
At 31 March 2019
|
–
|
1
|
1
|
|
-------
|
-------
|
--------
|
|
|
|
|
7.
Debtors
|
2020
|
2019
|
|
£
|
£
|
Trade debtors
|
63
|
–
|
Other debtors
|
95
|
3,500
|
|
----
|
-------
|
|
158
|
3,500
|
|
----
|
-------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
2020
|
2019
|
|
£
|
£
|
Bank loans and overdrafts
|
45
|
–
|
Trade creditors
|
150
|
3,557
|
Social security and other taxes
|
562
|
287
|
Other creditors
|
6,590
|
2,100
|
|
-------
|
-------
|
|
7,347
|
5,944
|
|
-------
|
-------
|
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2020
|
2019
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
35,000
|
35,000
|
35,000
|
35,000
|
|
--------
|
--------
|
--------
|
--------
|
|
|
|
|
|
10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2020
|
2019
|
|
£
|
£
|
Not later than 1 year
|
5,400
|
–
|
|
-------
|
----
|
|
|
|
11.
Related party transactions
During the year under review the company ownership was transferred to the current Directors. Any liabilities outstanding from previous ownership have been settled by the previous owners.
12.
Controlling party
The company is owned fully by the Directors. The shares were transferred from The Manna House Trust to the current Directors on 21st May 2019.