Houghton Homes Estate Agents Limited Filleted accounts for Companies House (small and micro)

Houghton Homes Estate Agents Limited Filleted accounts for Companies House (small and micro)

HOUGHTON HOMES ESTATE AGENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05391008
Houghton Homes Estate Agents Limited
Filleted Unaudited Financial Statements
31 March 2022
Houghton Homes Estate Agents Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
121
152
Current assets
Debtors
6
15,109
15,637
Cash at bank and in hand
6,008
13,536
--------
--------
21,117
29,173
Creditors: amounts falling due within one year
7
7,990
12,967
--------
--------
Net current assets
13,127
16,206
--------
--------
Total assets less current liabilities
13,248
16,358
--------
--------
Net assets
13,248
16,358
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
13,247
16,357
--------
--------
Shareholder funds
13,248
16,358
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Houghton Homes Estate Agents Limited
Statement of Financial Position (continued)
31 March 2022
These financial statements were approved by the board of directors and authorised for issue on 21 December 2022 , and are signed on behalf of the board by:
Mrs V A Houghton
Director
Company registration number: 05391008
Houghton Homes Estate Agents Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Church Street, Atherton, Manchester, M46 9DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation .
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2021: 3 ).
5. Tangible assets
Property improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2021 and 31 March 2022
2,070
1,794
3,864
-------
-------
-------
Depreciation
At 1 April 2021
2,012
1,700
3,712
Charge for the year
12
19
31
-------
-------
-------
At 31 March 2022
2,024
1,719
3,743
-------
-------
-------
Carrying amount
At 31 March 2022
46
75
121
-------
-------
-------
At 31 March 2021
58
94
152
-------
-------
-------
6. Debtors
2022
2021
£
£
Trade debtors
15,109
15,637
--------
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
882
865
Social security and other taxes
3,950
6,957
Other creditors
3,158
5,145
-------
--------
7,990
12,967
-------
--------
8. Related party transactions
At 31 March 2022 the company owed to its director £1,177 (2021: £1,062).