Contents of the Financial Statements

for the Period Ended 31 December 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Directors

The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019

Mr P G Chapman
Mr C F S Yarnold

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 November 2020

And signed on behalf of the board by:
Name: Mr C F S Yarnold
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2019

	2019	2018
	£	£
Turnover:	23,030	19,440
Cost of sales:	( 13,165 )	( 8,649 )
Gross profit(or loss):	9,865	10,791
Administrative expenses:	( 13,458 )	( 11,781 )
Operating profit(or loss):	(3,593)	(990)
Profit(or loss) before tax:	(3,593)	(990)
Profit(or loss) for the financial year:	(3,593)	(990)

Balance sheet

As at 31 December 2019

	Notes	2019	2018
		£	£
Current assets
Debtors:	3	43	82
Cash at bank and in hand:		10,505	13,809
Total current assets:		10,548	13,891
Creditors: amounts falling due within one year:	4	( 1,843 )	( 1,593 )
Net current assets (liabilities):		8,705	12,298
Total assets less current liabilities:		8,705	12,298
Total net assets (liabilities):		8,705	12,298
Members' funds
Profit and loss account:		8,705	12,298
Total members' funds:		8,705	12,298

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  The company was established to promote quality private sector housing. The income is generated from training courses and shall be applied solely towards this end and not to its members.Revenue is measured at the fair value of the consideration receivable and is recognised in the accounting period in which the courses are run.

Notes to the Financial Statements

for the Period Ended 31 December 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	2	2