Company Registration No. 09858798 (England and Wales)
BELLINGCAT
LIMITED BY GUARANTEE
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
BELLINGCAT
LIMITED BY GUARANTEE
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
BELLINGCAT
LIMITED BY GUARANTEE
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BELLINGCAT FOR THE PERIOD ENDED 31 DECEMBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bellingcat for the period ended 31 December 2016 set out on pages 3 to 6 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Bellingcat, as a body, in accordance with the terms of our engagement letter dated 12 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Bellingcat and state those matters that we have agreed to state to the Board of Directors of Bellingcat, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bellingcat and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Bellingcat has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bellingcat. You consider that Bellingcat is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Bellingcat. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Clear & Lane Limited
Chartered Accountants
340 Melton Road
Leicester
LE4 7SL
22 June 2017
BELLINGCAT
LIMITED BY GUARANTEE
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 2 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
344
Current assets
Debtors
17,909
Cash at bank and in hand
18,635
36,544
Creditors: amounts falling due within one year
(65,922)
Net current liabilities
(29,378)
Total assets less current liabilities
(29,034)
Capital and reserves
Profit and loss account
(29,034)
Shareholders' funds
(29,034)
For the financial period ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 June 2017
Mr E W Higgins
Director
Company Registration No. 09858798
BELLINGCAT
LIMITED BY GUARANTEE
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable from donors in relation to the upkeep of bellingcat.com.
from donors in relation to the upkeep of bellingcat.com.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 5 November 2015 & at 31 December 2016
459
Depreciation
At 5 November 2015
Charge for the period
115
At 31 December 2016
115
Net book value
At 31 December 2016
344