Homely Residents Association Limited Filleted accounts for Companies House (small and micro)

HOMELY RESIDENTS ASSOCIATION LIMITED - Company Information

1 false false false false false false false false false true false false false false false false No description of principal activity 2020-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 02116035 2020-04-01 2021-03-31 02116035 2021-03-31 02116035 2020-03-31 02116035 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 02116035 bus:Director1 2020-04-01 2021-03-31 02116035 core:WithinOneYear 2021-03-31 02116035 core:WithinOneYear 2020-03-31 02116035 core:ShareCapital 2021-03-31 02116035 core:ShareCapital 2020-03-31 02116035 core:OtherReservesSubtotal 2021-03-31 02116035 core:OtherReservesSubtotal 2020-03-31 02116035 core:RetainedEarningsAccumulatedLosses 2021-03-31 02116035 core:RetainedEarningsAccumulatedLosses 2020-03-31 02116035 bus:SmallEntities 2020-04-01 2021-03-31 02116035 bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 02116035 bus:FullAccounts 2020-04-01 2021-03-31 02116035 bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 02116035 bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 02116035 bus:OrdinaryShareClass1 2021-03-31 02116035 bus:OrdinaryShareClass1 2020-03-31

COMPANY REGISTRATION NUMBER: 02116035

Homely Residents Association Limited

Filleted Unaudited Financial Statements

31 March 2021

Homely Residents Association Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	465	412
Cash at bank and in hand		25,093	20,741
		--------	--------
		25,558	21,153

Creditors: amounts falling due within one year	6	3,244		1,870
		--------		--------
Net current assets			22,314	19,283
			--------	--------
Total assets less current liabilities			22,314	19,283
			--------	--------
Net assets			22,314	19,283
			--------	--------

Capital and reserves

Called up share capital	7	9	9
Decorating sinking fund		14,485	14,485
Profit and loss account		7,820	4,789
		--------	--------
Shareholders funds		22,314	19,283
		--------	--------

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 income statement has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 October 2021 , and are signed on behalf of the board by:

N. J. Goessen
Director

Company registration number: 02116035

Homely Residents Association Limited

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goldlay House, Parkway, Chelmsford, Essex, CM2 7PR.

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

The turnover as shown in the income and expenditure account represents maintenance charges receivable from residents.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Average number of employees

The average number of employees for the year amounted to 1 (2020: 1) which consisted of the director only.

5. Debtors

	2021	2020
	£	£
Prepayments and accrued income	465	412
	----	----

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	1,684	382
Accruals and deferred income	1,560	1,488
	-------	-------
	3,244	1,870
	-------	-------

7. Called up share capital

Authorised share capital

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	9	9	9	9
	----	----	----	----