ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

HALO HOUSING ASSOCIATION LIMITED - Company Information

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07601918 HALO HOUSING ASSOCIATION LIMITED 2013-04-01 2014-03-31 false true 2014-03-31 07601918 c:EntityAccountantsOrAuditors 2014-03-31 07601918 2013-04-01 2014-03-31 07601918 2014-03-31 07601918 2013-03-31 07601918 c:Director3 2013-04-01 2014-03-31 07601918 c:EntityAccountantsOrAuditors 2013-04-01 2014-03-31 iso4217:GBP

Registered number: 07601918










HALO HOUSING ASSOCIATION LIMITED

UNAUDITED
ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014























PM+M Solutions for Business LLP
Chartered Accountants
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
PAGE 1
 
HALO HOUSING ASSOCIATION LIMITED
(A company limited by guarantee)
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HALO HOUSING ASSOCIATION LIMITED
FOR THE YEAR ENDED 31 MARCH 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Halo Housing Association Limited for the year ended 31 March 2014 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the director of Halo Housing Association Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Halo Housing Association Limited and state those matters that we have agreed to state to the director of Halo Housing Association Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Halo Housing Association Limited and its director for our work or for this report.
 
 
It is your duty to ensure that Halo Housing Association Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Halo Housing Association Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Halo Housing Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





PM+M Solutions for Business LLP
 
Chartered Accountants
  
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB

12 December 2014

PAGE 2
 
HALO HOUSING ASSOCIATION LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 07601918

ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2014

2014
2013
Note
£
£
£
£
 
CURRENT ASSETS





 
Debtors
54,634
6,635

 
Cash at bank

11,662
8,628







 
66,296
15,263
 
CREDITORS: amounts falling due within one year
(61,962)
(13,699)
 
NET CURRENT ASSETS


4,334

1,564
 
TOTAL ASSETS LESS CURRENT LIABILITIES
4,334
1,564
 
CREDITORS: amounts falling due after more than one year
-

(27,885)

NET ASSETS/(LIABILITIES)




 4,334


 (26,321)
  
CAPITAL AND RESERVES

 
Profit and loss account
4,334
(26,321)
 
 

 4,334

 (26,321)


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 12 December 2014.




A Bax
Director

The notes on page 3 form part of these financial statements.


PAGE 3
 
HALO HOUSING ASSOCIATION LIMITED

(A company limited by guarantee)
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Going concern
The accounts have been prepared on the going concern basis which the director believes to be appropriate as the company continues to trade for the foreseeable future with the full support of the appointed director.

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.4
Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.


2.COMPANY STATUS

The company is a private company limited by guarantee. The liability of each member is restricted to £1 in the event of a winding up.