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Financial Statements for the Year Ended 30 April 2020 |
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Formartine Partnership Limited |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 April 2020 |
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Formartine Partnership Limited |
Formartine Partnership Limited (Registered number: SC301273) |
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Contents of the Financial Statements |
for the Year Ended 30 April 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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Formartine Partnership Limited |
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Company Information |
for the Year Ended 30 April 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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7 Ythan Terrace |
Ellon |
Aberdeenshire |
AB41 9LJ |
Formartine Partnership Limited (Registered number: SC301273) |
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Balance Sheet |
30 April 2020 |
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30/4/20 | 30/4/19 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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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 surplus or deficit 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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Formartine Partnership Limited (Registered number: SC301273) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2020 |
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1. | STATUTORY INFORMATION |
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Formartine Partnership Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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Fixed asset investments |
Fixed Assets Investments have been measured at cost. |
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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. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 May 2019 |
and 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/20 | 30/4/19 |
£ | £ |
Other debtors |
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Formartine Partnership Limited (Registered number: SC301273) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/20 | 30/4/19 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Formartine Partnership Limited holds a 20% share in Formartine Renewable Energy LLP. |
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During the year Formartine Partnership Limited received dividends of £23,000 (2019 - £6,000 and 2018 - £2,000). |
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The board has agreed that this money will be donated to Formartine Rural Partnership which was set up in September 2019. |
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At 30th April 2020 £29,000 had been transferred to Formartine Rural Partnership with a balance of £2,000 still to be donated. |
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8. | BREAKDOWN OF DIRECT EXPENSES |
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30/04/20 | 30/04/19 |
£ | £ |
Ythan Trail | 0 | 288 |
Rural Youth Transport Scheme | 0 | 200 |
Town & Village Enhancement | 4,941 | 1,333 |
Formartine In Bloom | 1,376 | 1,630 |
Formartine Beginning To Bloom | 99 | 172 |
Planning For Real | 480 | 0 |
Invasive Species | 0 | 0 |
Miscellaneous | 0 | 2,580 |
6,896 | 6,203 |