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 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

9,172

9,683

CURRENT ASSETS

Debtors

5

9,490

5,769

Cash at bank

26,100

12,675

35,590

18,444

CREDITORS

Amounts falling due within one year

6

10,845

2,766

NET CURRENT ASSETS

24,745

15,678

TOTAL ASSETS LESS CURRENT LIABILITIES

33,917

25,361

PROVISIONS FOR LIABILITIES

1,750

1,800

NET ASSETS

32,167

23,561

RESERVES

Income and expenditure account

32,167

23,561

32,167

23,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 8 December 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

Government grants

Grants are credited to the income n the period to which they relate.

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 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

27,770

Additions

2,364

Disposals

(2,252

)

At 31 August 2020

27,882

DEPRECIATION

At 1 September 2019

18,087

Charge for year

2,727

Eliminated on disposal

(2,104

)

At 31 August 2020

18,710

NET BOOK VALUE

At 31 August 2020

9,172

At 31 August 2019

9,683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

7,500

4,100

Other debtors

1,990

1,669

9,490

5,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

4,001

-

Taxation and social security

3,644

1,566

Other creditors

3,200

1,200

10,845

2,766

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2020 and 31 August 2019:

2020

2019

£

£

Mrs H Robertson

Balance outstanding at start of year

504

3,304

Amounts advanced

320

-

Amounts repaid

-

(2,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

824

504