The Housing Enterprise Fund Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05363029 (England and Wales)

The Housing Enterprise Fund Limited

Abbreviated Accounts

for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R S Drummond-Hay

Mr R M Gamble

Mr D A Young BSC HONS AMICE

REGISTERED OFFICE:

Sandal Business Centre

Asdale Road

Wakefield

West Yorkshire

WF2 7JE

REGISTERED NUMBER:

05363029 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Lloyds TSB Bank Plc

8th Floor

6/7 Park Row

Leeds

LS1 1NX

FIXED ASSETS

Investment property

2

395,000

395,000

CURRENT ASSETS

Debtors

632

5,512

Cash at bank and in hand

32,986

9,477

33,618

14,989

CREDITORS

Amounts falling due within one year

19,922

16,305

NET CURRENT ASSETS/(LIABILITIES)

13,696

(1,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

408,696

393,684

CREDITORS

Amounts falling due after more than one year

3

349,411

349,320

NET ASSETS

59,285

44,364

CAPITAL AND RESERVES

Called up share capital

4

100

100

Investment property revaluation reserve

40,310

40,310

Profit and loss account

18,875

3,954

SHAREHOLDERS' FUNDS

59,285

44,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 September 2014 and were signed on its behalf by:

Mr D A Young BSC HONS AMICE - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2013

and 31 December 2013

395,000

NET BOOK VALUE

At 31 December 2013

395,000

At 31 December 2012

395,000

3.

CREDITORS

Creditors include an amount of £ 349,411 (2012 - £ 349,320 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100