HARMONY HOMES DEVELOPMENT SERVICES LIMITED Filleted accounts for Companies House (small and micro)

HARMONY HOMES DEVELOPMENT SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08532391

HARMONY HOMES DEVELOPMENT SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2018

HARMONY HOMES DEVELOPMENT SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2018

CONTENTS	PAGES

Statement of financial position	1

Notes to the financial statements	2 to 3

HARMONY HOMES DEVELOPMENT SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2018

	2018	2017
Note	£	£

Current assets

Debtors	4	12	1,824
Cash at bank and in hand		3,984	6,833
		-------	-------
		3,996	8,657

Creditors: amounts falling due within one year	5	( 11,031)	( 9,931)
		--------	-------
Net current liabilities		( 7,035)	( 1,274)
		-------	-------
Total assets less current liabilities		( 7,035)	( 1,274)
		-------	-------
Net liabilities		( 7,035)	( 1,274)
		-------	-------

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 7,039)	( 1,278)
	-------	-------
Shareholders deficit	( 7,035)	( 1,274)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 April 2019 , and are signed on behalf of the board by:

SW Compton

Director

Company registration number: 08532391

HARMONY HOMES DEVELOPMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O DPC Accountants, Vernon Road, Stoke on Trent, ST4 2QY. The principal activity of the company is that of a project finance provider.

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 are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Going concern

The accounts have been prepared on the going concern basis, see note 6 of the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (i) Estimated useful lives and residual values of fixed assets Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

Revenue recognition

Turnover represents income receivable for services provided and is shown net of any Value Added Tax.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. 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.

4. Debtors

	2018	2017
	£	£
Other debtors	12	1,824
	----	-------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Accruals and deferred income	1,100	–
Amounts due to connected companies	9,931	9,931
	--------	-------
	11,031	9,931
	--------	-------

6. Going concern

The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business for the foreseeable future.

7. Events after the end of the reporting period

There were no significant events up to the date of approval of the financial statements by the Board.