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Unaudited Financial Statements |
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for the Year Ended 30th April 2022 |
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Churchmarketplace Limited |
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Unaudited Financial Statements |
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for the Year Ended 30th April 2022 |
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for |
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Churchmarketplace Limited |
Churchmarketplace Limited (Registered number: 08030748) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2022 |
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Page |
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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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Churchmarketplace Limited |
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Company Information |
for the Year Ended 30th April 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
14a Market Place |
Uttoxeter |
Staffordshire |
ST14 8HP |
Churchmarketplace Limited (Registered number: 08030748) |
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Balance Sheet |
30th April 2022 |
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2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Retained earnings |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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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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Churchmarketplace Limited (Registered number: 08030748) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2022 |
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1. | STATUTORY INFORMATION |
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Churchmarketplace Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised in the financial period in which commissions are earned, resulting in the company obtaining the right to consideration. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Donation of profits to its parent charity |
The company donates its entire profits on an annual basis to its parent charity in the year following the financial year in which the profits were earned. As there is no contractual obligation to make the donation, the company recognises these payments as distributions to owners in equity and retained earnings in the financial year that the payments are made. |
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Taxation |
The company would normally recognise a taxation charge on its profits for the year. However as the entire profits generated in the financial year will be donated to its parent charity within nine months of the reporting date, the application of the exception under paragraph 29.14A of FRS 102 provides relief in respect of accounting for the tax charge.This results in an overall nil charge for tax in the income statement. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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Churchmarketplace Limited (Registered number: 08030748) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2022 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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During the year ended 30th April 2022 the profit of the company for the financial year ended 30th April 2021 were paid to its parent charity under gift aid. The donation amounted to £37,074 (2021 - £36,879). The profits of the company for the year ended 30th April 2022 will be donated to the charity during the year ended 30th April 2023. |
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Included in creditors due within one year is £nil (2021- £9,514) owing to the parent charity. |