Registered number: 09440409 (England and Wales) |
Report of the Directors and |
Filleted Accounts for the period 1 July 2016 to 31 December 2017 |
for |
NMTF Ltd |
|
|||||||
Registered number: |
|
||||||
Balance Sheet | |||||||
as at |
|||||||
Notes | 2017 | ||||||
£ | |||||||
Fixed assets | |||||||
Tangible assets | 7 |
|
|||||
Investments | 8 |
|
|||||
|
|||||||
Current assets | |||||||
Stocks |
|
||||||
Debtors | 9 |
|
|||||
Cash at bank and in hand |
|
||||||
|
|||||||
Creditors: amounts falling due within one year | 10 | ( |
|||||
Net current assets |
|
||||||
Net assets |
|
||||||
Reserves | |||||||
Profit and loss account |
|
||||||
Members funds |
|
||||||
|
|||||||
Mr J Dyson (President) | |||||||
Director | |||||||
Mr M Nicholson (President-Elect) | |||||||
Director | |||||||
Approved by the board on |
|||||||
|
||||||||
Notes to the Accounts | ||||||||
for the period from 1 July 2016 to |
||||||||
1 | Statutory information | |||||||
NMTF Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. The presentation and functional currency of the financial statements is Pounds Sterling (£). |
||||||||
2 | Accounting policies | |||||||
Basis of preparation | ||||||||
|
||||||||
Turnover | ||||||||
|
||||||||
Intangible fixed assets | ||||||||
|
||||||||
Tangible fixed assets | ||||||||
|
||||||||
Freehold buildings | over 50 years | |||||||
Website and membership database | over 5 years | |||||||
Motor vehicles | over 3 years | |||||||
Fixtures, fittings, tools and equipment | over 5 years | |||||||
Assets transferred from the previous entity inherit the reduced expected useful life based on their age at transfer. | ||||||||
Investments | ||||||||
|
||||||||
Stocks | ||||||||
|
||||||||
Taxation | ||||||||
|
||||||||
Provisions | ||||||||
|
||||||||
Foreign currency translation | ||||||||
|
||||||||
Leased assets | ||||||||
|
||||||||
Pensions | ||||||||
|
||||||||
3 | Statement of compliance | |||||||
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. | ||||||||
4 | Audit information | |||||||
|
||||||||
Senior statutory auditor: |
|
|||||||
Firm: |
|
|||||||
Date of audit report: |
|
|||||||
5 | Exceptional items | 2017 | ||||||
The company was formed to take over from a membership organisation, the National Market Traders Federation, that has run for over a hundred years. This entity ceased trading on the 30 June 2016 and gifted all of its assets and liabilities to NMTF Limited at their net book values. The breakdown of these assets and liabilities are as follows: |
||||||||
£ | ||||||||
Land and Buildings | 555,780 | |||||||
Other tangible assets | 82,018 | |||||||
Investments | 750,002 | |||||||
Stocks | 31,697 | |||||||
Debtors | 515,413 | |||||||
Cash at Bank and in Hand | 457,887 | |||||||
1,004,997 | ||||||||
Current liabilities | (371,167) | |||||||
633,830 | ||||||||
Net gift recognised in the revenue account | 2,021,630 | |||||||
6 | Employees | 2017 | ||||||
Number | ||||||||
Average number of persons employed by the company |
|
|||||||
7 | Tangible fixed assets | |||||||
Land and buildings | Fixtures, equipment and website | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
Additions |
|
|
|
|
||||
Disposals | - | ( |
( |
( |
||||
At 31 December 2017 |
|
|
|
|
||||
Depreciation | ||||||||
Charge for the period |
|
|
|
|
||||
At 31 December 2017 |
|
|
|
|
||||
Net book value | ||||||||
At 31 December 2017 |
|
|
|
|
||||
8 | Investments | |||||||
Investments in | ||||||||
subsidiary | Other | |||||||
undertakings | investments | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
Additions |
|
|
750,002 | |||||
Disposals | - | ( |
(750,000) | |||||
At 31 December 2017 |
|
- |
|
|||||
9 | Debtors | 2017 | ||||||
£ | ||||||||
Trade debtors |
|
|||||||
Other debtors |
|
|||||||
|
||||||||
10 | Creditors: amounts falling due within one year | 2017 | ||||||
£ | ||||||||
Trade creditors |
|
|||||||
Taxation and social security costs |
|
|||||||
Other creditors |
|
|||||||
|
||||||||
11 | Other financial commitments | 2017 | ||||||
£ | ||||||||
Less than one year | One to five years | |||||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | 19,260 | 59,784 |
|
|||||
12 | Limited by guarantee | |||||||
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. |