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 2021

Houghton Homes Estate Agents Limited

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		152	190

Current assets

Debtors	6	15,637	10,713
Cash at bank and in hand		13,536	7,207
		--------	--------
		29,173	17,920

Creditors: amounts falling due within one year	7	12,967		11,905
		--------		--------
Net current assets			16,206	6,015
			--------	-------
Total assets less current liabilities			16,358	6,205
			--------	-------
Net assets			16,358	6,205
			--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	16,357	6,204
	--------	-------
Shareholder funds	16,358	6,205
	--------	-------

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 2021 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 2021

These financial statements were approved by the board of directors and authorised for issue on 21 December 2021 , 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 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 Alex House, 260/8 Chapel Street, Salford, Manchester, M3 5JZ.

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 (2020: 3 ).

5. Tangible assets

	Property improvements	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2020 and 31 March 2021	2,070	1,794	3,864
	-------	-------	-------
Depreciation
At 1 April 2020	1,997	1,677	3,674
Charge for the year	15	23	38
	-------	-------	-------
At 31 March 2021	2,012	1,700	3,712
	-------	-------	-------
Carrying amount
At 31 March 2021	58	94	152
	-------	-------	-------
At 31 March 2020	73	117	190
	-------	-------	-------

6. Debtors

	2021	2020
	£	£
Trade debtors	15,637	10,713
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	865	–
Social security and other taxes	6,957	4,433
Other creditors	5,145	7,472
	--------	--------
	12,967	11,905
	--------	--------

8. Related party transactions

At 31 March 2021 the company owed to its director £1,062 (2020: £4,614).