First Step The Housing Partners Ltd - Period Ending 2020-03-31

First Step The Housing Partners Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

First Step The Housing Partners Ltd

Company Information

Directors

Mr David N Taylor Mrs Julie Harwood

Registered office

Abacus House 93 High Street Huntingdon Cambridgeshire PE29 3DP

Accountants

Rothmere institute of certified practising accountants Abacus House 93 High Street Huntingdon Cambridgeshire PE29 3DP

First Step The Housing Partners Ltd

(Registration number: 07140080)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	45,227	19,793
Current assets
Debtors	5	116,120	228,140
Cash at bank and in hand		(867)	13,226
		115,253	241,366
Creditors: Amounts falling due within one year	6	(91,618)	(146,486)
Net current assets		23,635	94,880
Total assets less current liabilities		68,862	114,673
Creditors: Amounts falling due after more than one year	6	-	(13,012)
Net assets		68,862	101,661
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		68,762	101,561
Shareholders' funds		68,862	101,661

First Step The Housing Partners Ltd

(Registration number: 07140080)
Balance Sheet as at 31 March 2020

For the financial year ending 31 March 2020 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 November 2020 and signed on its behalf by:
 

......................................... Mr David N Taylor Director

......................................... Mrs Julie Harwood Director

First Step The Housing Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Abacus House
93 High Street
Huntingdon
Cambridgeshire
PE29 3DP

These financial statements were authorised for issue by the Board on 20 November 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vehicles	25% Straight line
Office equipment	50 % Straight line
Furniture and fittings	50% Straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2019 - 10).

First Step The Housing Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2019	24,972	21,990	46,962
Additions	22,309	20,991	43,300
Disposals	(960)	-	(960)
At 31 March 2020	46,321	42,981	89,302
Depreciation
At 1 April 2019	21,671	5,498	27,169
Charge for the year	8,433	9,433	17,866
Eliminated on disposal	(960)	-	(960)
At 31 March 2020	29,144	14,931	44,075
Carrying amount
At 31 March 2020	17,177	28,050	45,227
At 31 March 2019	3,301	16,492	19,793

5

Debtors

	2020 £	2019 £
Trade debtors	3,655	226,061
Other debtors	112,465	2,079
	116,120	228,140

First Step The Housing Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

6

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings		44,577	5,130
Trade creditors		9,112	74,776
Taxation and social security		36,144	64,322
Other creditors		1,785	2,258
		91,618	146,486

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings		-	13,012

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100