Abbreviated Company Accounts - HILLDALE HOUSING ASSOCIATION LIMITED

HILLDALE HOUSING ASSOCIATION LIMITED - Company Information

06953867 HILLDALE HOUSING ASSOCIATION LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 06953867 2013-01-01 2013-12-31 06953867 2013-12-31 06953867 2012-12-31 06953867 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 06953867 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 iso4217:GBP shares

Registered Number 06953867

HILLDALE HOUSING ASSOCIATION LIMITED

Abbreviated Accounts

31 December 2013

HILLDALE HOUSING ASSOCIATION LIMITED Registered Number 06953867

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	3	229,054	167,476
		229,054	167,476
Current assets
Debtors		31,311	17,716
Cash at bank and in hand		1,843	181
		33,154	17,897
Creditors: amounts falling due within one year	4	(95,706)	(25,195)
Net current assets (liabilities)		(62,552)	(7,298)
Total assets less current liabilities		166,502	160,178
Creditors: amounts falling due after more than one year	4	(72,800)	(78,400)
Total net assets (liabilities)		93,702	81,778
Reserves
Revaluation reserve		29,641	29,641
Income and expenditure account		64,061	52,137
Members' funds		93,702	81,778

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 directors acknowledge their 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 Board on 29 September 2014

And signed on their behalf by:
Mr D Anders, Director

HILLDALE HOUSING ASSOCIATION LIMITED Registered Number 06953867

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements comply with the Statement of Recommended Practice for Accounting by Registered Social Housing Providers (Updated 2010).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of rent receivable during the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows :

Fixtures, fittings and improvements - 15% reducing balance

Valuation information and policy
In accordance with the provisions of the Statement of Recommended Practice, the company has taken the option of including housing properties at valuation rather than historical cost. Where valuations result in a surplus or deficit, these are taken to the statement of recognised gains and losses, except where are expected to be permanent, in which case they are taken to the profit and loss account. The company does not charge depreciation on revalued housing properties.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 January 2013	172,748
Additions	72,833
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	245,581
Depreciation
At 1 January 2013	5,272
Charge for the year	11,255
On disposals	-
At 31 December 2013	16,527
Net book values
At 31 December 2013	229,054
At 31 December 2012	167,476

4Creditors

	2013 £	2012 £
Secured Debts	78,400	84,000

5Transactions with directors

Name of director receiving advance or credit:	Mr D Anders
Description of the transaction:	Loans to director
Balance at 1 January 2013:	£ 8,756
Advances or credits made:	-
Advances or credits repaid:	£ 8,756
Balance at 31 December 2013:	£ 0

Loans to the director were provided on an interest free basis and were fully repaid during the year.

The company was also charged rent of £44,000 by Mr D Anders for the use of his rental properties.