Together Homes Limited - Period Ending 2021-09-30

Together Homes Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 9

Together Homes Limited

Company Information

Directors

Mr Sam Scanlon Mr Nathan Wilson

Registered office

75 Urmston Lane Stretford Manchester M32 9BG

Accountants

The Moffatts Partnership LLP Progress House 396 Wilmslow Road Withington Manchester M20 3BN

Together Homes Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Together Homes Limited

(Registration number: 12234893)
Balance Sheet as at 30 September 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	332,163	315,946
Current assets
Cash at bank and in hand		46,644	1,799
Creditors: Amounts falling due within one year	5	(176,839)	(101,615)
Net current liabilities		(130,195)	(99,816)
Total assets less current liabilities		201,968	216,130
Creditors: Amounts falling due after more than one year	5	(225,581)	(225,581)
Net liabilities		(23,613)	(9,451)
Capital and reserves
Called up share capital	6	1	1
Profit and loss account		(23,614)	(9,452)
Shareholders' deficit		(23,613)	(9,451)

Together Homes Limited

(Registration number: 12234893)
Balance Sheet as at 30 September 2021

For the financial year ending 30 September 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.

Approved and authorised by the Board on 23 March 2022 and signed on its behalf by:
 

.........................................

Mr Sam Scanlon
Director

.........................................

Mr Nathan Wilson
Director

Together Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

1	General information

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

The address of its registered office is:
75 Urmston Lane
Stretford
Manchester
M32 9BG

These financial statements were authorised for issue by the Board on 23 March 2022.

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.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

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.

Investment property

No fair value adjustments have been made to the investment properties in the current period.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Together Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 1 (2020 - 1).

Together Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 October 2020	315,946	315,946
Additions	16,217	16,217
At 30 September 2021	332,163	332,163
Depreciation
Carrying amount
At 30 September 2021	332,163	332,163
At 30 September 2020	315,946	315,946

Included within the net book value of land and buildings above is £332,163 (2020 - £315,946) in respect of freehold land and buildings.
 

Together Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Accruals and deferred income	600	600
Other creditors	176,239	101,015
	176,839	101,615

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	7	225,581	225,581

	2021 £	2020 £
Non-current loans and borrowings
Other borrowings	225,581	225,581

6	Share capital

Allotted, called up and fully paid shares

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

7	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Other borrowings	225,581	225,581

Together Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021