Registered Number 02448092
THE GUHYALOKA TRUST
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Current assets | |||
Cash at bank and in hand |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Reserves | |||
Revaluation reserve |
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Other reserves |
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Income and expenditure account |
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Members' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
2
Company limited by guarantee
£ | |
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 21,429 |
At 31 December 2013 | 21,429 |
2. Value of 1 Euro on 31st December 2001 = 0.623600 GBP, and value of 1 Euro on same date = 166.386 Pesatas as supplied by Europa, the portal site of the European Union, at: http://europa.eu.int/comm/budget/inforeuro. The EU provides an accounting rate of the euro and conversion rate for information purposes only, which they define as ‘market rates of the penultimate working day of the previous month quoted by the European Central Bank’ or other reliable sources. Fuller details of how this rate was calculated can be accessed at the InforEuro page. The directors consider this an appropriate date on which to value the land in a sterling equivalent.
3. Depreciation policy: The Trust is a dormant company. And at the present time the Trust has no other tangible assets apart from approximately 220 acres of mountainous land, and a cash deposit; it is therefore considered by the directors not to own assets requiring depreciation. The directors view the current valuation of the property as an effectively realistic one. If there is need for a revaluation, such can be obtained professionally in the future.