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 2017

The Directors present their report and the accounts for the year ended 31 August 2017.

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
30 April 2018

at	31 August 2017

Company No.		06435955	Notes	2017	2016
				£	£
Fixed assets

	Tangible assets		2	16,422	17,361


				16,422	17,361
Current assets

	Debtors		3	1,245	1,118

	Cash at bank and in hand			81,889	82,472
				83,134	83,590
Creditors: Amount falling due within one year			4	(36,385)	(27,834)
Net current assets				46,749	55,756
Total assets less current liabilities				63,171	73,117




Net assets				63,171	73,117

Reserves


	Income and expenditure account			63,171	73,117

Total equity				63,171	73,117


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 2017 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 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 30 April 2018

And signed on its behalf by:

Julie Kenan
Director
30 April 2018

for the year ended 31 August 2017

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

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:

Plant and machinery

18% Reducing balance

Furniture, fittings and equipment

18%% Reducing balance

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.

2	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 September 2016	7,741	33,683	41,424
		Additions	-	282	282



		At 31 August 2017	7,741	33,965	41,706
		Depreciation
		At 1 September 2016	975	23,088	24,063
		Charge for the year	373	848	1,221



		At 31 August 2017	1,348	23,936	25,284
		Net book values
		At 31 August 2017	6,393	10,029	16,422
		At 31 August 2016	6,766	10,595	17,361

3	Debtors
			2017	2016
			£	£







		Prepayments and accrued income	1,245	1,118
			1,245	1,118

4	Creditors:
		amounts falling due within one year
			2017	2016
			£	£



		Trade creditors	26,812	18,506





		Accruals and deferred income	9,573	9,328
			36,385	27,834

Reserves

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

Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Additional information

Its registered number is:

06435955

Its registered office is:

5 Florey Square

Winchmore Hill

London

N21 1UJ