Affordable Housing UK (Kernow) Limited - Period Ending 2013-12-31

AFFORDABLE HOUSING UK (KERNOW) LIMITED - Company Information

Registration number: 05405069

Affordable Housing UK (Kernow) Limited

(A company limited by guarantee)

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Affordable Housing UK (Kernow) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Affordable Housing UK (Kernow) Limited
for the Year Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Affordable Housing UK (Kernow) Limited for the year ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Affordable Housing UK (Kernow) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Affordable Housing UK (Kernow) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affordable Housing UK (Kernow) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Affordable Housing UK (Kernow) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Affordable Housing UK (Kernow) Limited. You consider that Affordable Housing UK (Kernow) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Affordable Housing UK (Kernow) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

3 July 2014

Page 1

Affordable Housing UK (Kernow) Limited
(Registration number: 05405069)
Abbreviated Balance Sheet at 31 December 2013

	Note	2013 £	2012 £
Fixed assets
Tangible fixed assets		209	246
Current assets
Debtors		9,415	9,166
Cash at bank and in hand		44,904	66,078
		54,319	75,244
Creditors: Amounts falling due within one year		(17,515)	(38,652)
Net current assets		36,804	36,592
Net assets		37,013	36,838
Capital and reserves
Profit and loss account		37,013	36,838
Shareholders' funds		37,013	36,838

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 3 July 2014

.........................................
Mr John Charles Cottingham
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Affordable Housing UK (Kernow) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold Property	Nil
Plant & Machinery	15% Reducing Balance Basis

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 January 2013	289	289
At 31 December 2013	289	289
Depreciation
At 1 January 2013	43	43
Charge for the year	37	37
At 31 December 2013	80	80
Net book value
At 31 December 2013	209	209
At 31 December 2012	246	246

3	Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.

Page 3