First Step The Housing Partners Ltd - Period Ending 2021-03-31

First Step The Housing Partners Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 5

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)
Abridged Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	76,328	45,227
Current assets
Debtors		68,038	116,120
Cash at bank and in hand		226,337	(867)
		294,375	115,253
Creditors: Amounts falling due within one year		(128,949)	(91,618)
Net current assets		165,426	23,635
Total assets less current liabilities		241,754	68,862
Creditors: Amounts falling due after more than one year		(102,884)	-
Net assets		138,870	68,862
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		138,770	68,762
Shareholders' funds		138,870	68,862

First Step The Housing Partners Ltd

(Registration number: 07140080)
Abridged Balance Sheet as at 31 March 2021

For the financial year ending 31 March 2021 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 December 2021 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 Abridged Financial Statements for the Year Ended 31 March 2021

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 30 December 2021.

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 abridged 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 abridged 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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.

First Step The Housing Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2021

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2020 - 12).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2020	46,321	42,981	89,302
Additions	597	59,471	60,068
At 31 March 2021	46,918	102,452	149,370
Depreciation
At 1 April 2020	29,144	14,931	44,075
Charge for the year	11,396	17,571	28,967
At 31 March 2021	40,540	32,502	73,042
Carrying amount
At 31 March 2021	6,378	69,950	76,328
At 31 March 2020	17,177	28,050	45,227

5	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

6

Dividends

		2021		2020
		£		£
Final dividends paid		90,000		112,000