Highlands Village Hall Management Association Limited Accounts

HIGHLANDS VILLAGE HALL MANAGEMENT ASSOCIATION LIMITED - Company Information






Highlands Village Hall Management Association Limited

	Company No. 06435955
		Information for Filing with The Registrar
		31 August 2019

The Directors present their report and the accounts for the year ended 31 August 2019.

Principal activities
The principal activity of the company during the year under review was management of local hall.




Directors

The Directors who served at any time during the year were as follows:

Julie Kenan
Stanley Rondeau


































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Julie Kenan
Director
31 August 2019

at	31 August 2019
Company No.		06435955	Notes	2019	2018
				£	£
Fixed assets

	Tangible assets		3	34,511	31,206


				34,511	31,206
Current assets

	Debtors		4	(82)	1,027

	Cash at bank and in hand			75,589	71,806
				75,507	72,833
Creditors: Amount falling due within one year			5	(51,280)	(47,547)
Net current assets				24,227	25,286
Total assets less current liabilities				58,738	56,492




Net assets				58,738	56,492

Reserves


	Income and expenditure account			58,738	56,492

Total equity				58,738	56,492



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.

Approved by the board on 31 August 2019

And signed on its behalf by:

Julie Kenan
Director
31 August 2019

for the year ended 31 August 2019

General information

Its registered number is: 06435955

Its registered office is:

5 Florey Square

Winchmore Hill

London

N21 1UJ

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these accounts as a result of early adopting these amendments.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

18% Reducing balance

Furniture, fittings and equipment

18% Reducing balance

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 September 2018	26,471	34,680	61,151
		Additions	-	5,569	5,569



		At 31 August 2019	26,471	40,249	66,720
		Depreciation
		At 1 September 2018	3,860	26,085	29,945
		Charge for the year	1,131	1,133	2,264



		At 31 August 2019	4,991	27,218	32,209
		Net book values
		At 31 August 2019	21,480	13,031	34,511
		At 31 August 2018	22,611	8,595	31,206

4	Debtors
			2019	2018
			£	£






		Other debtors	(82)	1,027

			(82)	1,027

5	Creditors:
		amounts falling due within one year
			2019	2018
			£	£



		Trade creditors	45,042	36,544





		Accruals and deferred income	6,238	11,003
			51,280	47,547

Reserves

Income and expenditure account - includes all current and prior period retained surpluses and deficits.