Highlands Village Hall Management Association Limited Accounts

HIGHLANDS VILLAGE HALL MANAGEMENT ASSOCIATION LIMITED - Company Information






Highlands Village Hall Management Association Limited

	Company No. 06435955
		Information for Filing with The Registrar
		31 August 2022

The Directors present their report and the accounts for the year ended 31 August 2022.

Principal activities
The principal activity of the company during the year under review was management of local hall.




Directors

The Directors who served at any time during the year were as follows:

Julie Kenan
Stanley Rondeau






































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Julie Kenan
Director
09 May 2023

at	31 August 2022
Company No.		06435955	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	28,979	30,866


				28,979	30,866
Current assets



	Cash at bank and in hand			40,836	43,948
				40,836	43,948
Creditors: Amount falling due within one year			5	(8,971)	(25,923)
Net current assets				31,865	18,025
Total assets less current liabilities				60,844	48,891




Net assets				60,844	48,891

Reserves


	Income and expenditure account			60,844	48,891

Total equity				60,844	48,891



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 August 2022 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's income and expenditure account.

Approved by the board on 09 May 2023

And signed on its behalf by:

Julie Kenan
Director
09 May 2023

for the year ended 31 August 2022

General information

Its registered number is: 06435955

Its registered office is:

5 Florey Square

Winchmore Hill

London

N21 1UJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

18% Reducing balance

Furniture, fittings and equipment

18% Reducing balance

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	0	0

4	Tangible fixed assets
			Land and buildings	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 September 2021	26,471	40,699	67,170




		At 31 August 2022	26,471	40,699	67,170
		Depreciation
		At 1 September 2021	7,085	29,219	36,304
		Charge for the year	969	918	1,887



		At 31 August 2022	8,054	30,137	38,191
		Net book values
		At 31 August 2022	18,417	10,562	28,979
		At 31 August 2021	19,386	11,480	30,866

5	Creditors:
		amounts falling due within one year
			2022	2021
			£	£



		Trade creditors	8,023	25,023





		Accruals and deferred income	948	900
			8,971	25,923

Reserves

Income and expenditure account - includes all current and prior period retained surpluses and deficits.