COMPANY REGISTRATION NUMBER:
10573405
Baba Nand Singh Mission (UK) Limited
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Company Limited by Guarantee
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Unaudited Financial Statements
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Baba Nand Singh Mission (UK) Limited
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Company Limited by Guarantee
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Year Ended 31 March 2020
The director presents his report and the unaudited financial statements of the company for the year ended
31 March 2020
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The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Principal Activities
The principal activity of the company during the year was the raising of donations for the work of Baba Nand Singh charities.
Director
The director who served the company during the year was as follows:
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
11 June 2020
and signed on behalf of the board by:
Registered office:
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125 Main Street
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Garforth
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Leeds
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LS25 1AF
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Baba Nand Singh Mission (UK) Limited
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Company Limited by Guarantee
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Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Baba Nand Singh Mission (UK) Limited
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Year Ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baba Nand Singh Mission (UK) Limited for the year ended 31 March 2020, which comprise the statement of financial position and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Baba Nand Singh Mission (UK) Limited in accordance with the terms of our engagement letter dated 19 January 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Baba Nand Singh Mission (UK) Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baba Nand Singh Mission (UK) Limited and its director for our work or for this report.
It is your duty to ensure that Baba Nand Singh Mission (UK) Limited 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 profit of Baba Nand Singh Mission (UK) Limited. You consider that Baba Nand Singh Mission (UK) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Baba Nand Singh Mission (UK) Limited. 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.
Wyatt & Co
Chartered Accountants
125 Main Street
Garforth
Leeds
LS25 1AF
11 June 2020
Baba Nand Singh Mission (UK) Limited
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Company Limited by Guarantee
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Statement of Financial Position
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31 March 2020
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
11 June 2020
, and are signed on behalf of the board by:
Company registration number:
10573405
Baba Nand Singh Mission (UK) Limited
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Company Limited by Guarantee
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Notes to the Financial Statements
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Year Ended 31 March 2020
1.
General Information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 125 Main Street, Garforth, Leeds, LS25 1AF.
2.
Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income Statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior year.
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Company Limited by Guarantee
The company is limited by guarantee and not having a share capital. The limit of each member's liability is £1.