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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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OLD AMERSHAM BUSINESS ASSOCIATION |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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OLD AMERSHAM BUSINESS ASSOCIATION |
OLD AMERSHAM BUSINESS ASSOCIATION (REGISTERED NUMBER: 05066094) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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OLD AMERSHAM BUSINESS ASSOCIATION |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
Registered Auditors |
The Red House |
10 Market Square |
Old Amersham |
Buckinghamshire |
HP7 0DQ |
OLD AMERSHAM BUSINESS ASSOCIATION (REGISTERED NUMBER: 05066094) |
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BALANCE SHEET |
31 MARCH 2020 |
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2020 | 2019 |
£ | £ |
CURRENT ASSETS |
Cash at bank |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Other reserves |
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Income and expenditure account |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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OLD AMERSHAM BUSINESS ASSOCIATION (REGISTERED NUMBER: 05066094) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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Old Amersham Business Association is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Income |
Income represents monies received in the year. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | OTHER RESERVES |
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Other reserves represent the value of assets transferred from the former unincorporated Association. |
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6. | COMPANY STATUS |
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The Association is constituted as a company limited by guarantee. |
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The members shall be liable to contribute a sum not exceeding £1 each. |