Registered Number 00902444
NUCHEM AND REISEL SCHLAFF MEMORIAL FUND LIMITED
Abbreviated Accounts
30 September 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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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 | |||
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
The company and its subsidiary undertaking comprise a small group. The company has taken advantage of the exemption provided by s398 of the Companies Act 2006 and the Charities Act not to prepare group accounts. The financial statements therefore present information about the company as an individual undertaking and not about the group.
Other accounting policies
Income from investments is included in the year in which it is received.
Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT. Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Investment properties are shown at open market value. In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.
Other investments are stated at market value.
2
Company limited by guarantee
£ | |
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Cost | |
At 1 October 2015 |
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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 30 September 2016 |
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Depreciation | |
At 1 October 2015 |
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Charge for the year |
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On disposals |
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At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 98,157 |
At 30 September 2015 | 76,498 |
4
Fixed assets Investments