E Home Association Ltd (formerly Endurance Rally Association Ltd) |
Notes to the Accounts |
for the year ended 31 March 2021 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Related party transactions |
|
|
The director, Jane Young, is also sole director and 33.33% shareholder of P Globe Ltd ( formerly Peking-Paris Rally Ltd ). The balance due by that company at 31.3.21 was £nil (31.3.19 £600), relating to overhead costs paid by one company on behalf of the other. |
|
|
4 |
Controlling party |
|
|
The company has no share capital and is limited by guarantee. |
|
|
5 |
Other information |
|
|
E Home Association Ltd (formerly Endurance Rally Association Ltd) is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
Pennyfarthing House |
|
560 Brighton Road |
|
South Croydon |
|
Surrey |
|
CR2 6AW |