Leap Housing Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08637323 (England and Wales)

LEAP HOUSING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs H Robertson

REGISTERED OFFICE:

35-37 Kingsway

Kirkby-in-Ashfield

Nottinghamshire

NG17 7DR

REGISTERED NUMBER:

08637323 (England and Wales)

ACCOUNTANTS:

Killicks Limited

35/37 Kingsway

Kirkby in Ashfield

Nottinghamshire

NG17 7DR

FIXED ASSETS

Tangible assets

4

9,683

10,957

CURRENT ASSETS

Debtors

5

5,769

11,160

Cash at bank

12,675

9,752

18,444

20,912

CREDITORS

Amounts falling due within one year

6

2,766

5,586

NET CURRENT ASSETS

15,678

15,326

TOTAL ASSETS LESS CURRENT LIABILITIES

25,361

26,283

PROVISIONS FOR LIABILITIES

1,800

2,050

NET ASSETS

23,561

24,233

RESERVES

Income and expenditure account

23,561

24,233

23,561

24,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2020 and were signed by:

Mrs H Robertson - Director

1.	STATUTORY INFORMATION

Leap Housing Ltd is a private company, limited by guarantee , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rents and ancillary services chargeable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

25,831

Additions

1,939

At 31 August 2019

27,770

DEPRECIATION

At 1 September 2018

14,874

Charge for year

3,213

At 31 August 2019

18,087

NET BOOK VALUE

At 31 August 2019

9,683

At 31 August 2018

10,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

4,100

3,585

Other debtors

1,669

7,575

5,769

11,160

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

1

Taxation and social security

1,566

1,705

Other creditors

1,200

3,880

2,766

5,586

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

2019

2018

£

£

Mrs H Robertson

Balance outstanding at start of year

3,304

4,491

Amounts repaid

(2,800

)

(1,187

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

504

3,304