Morning Rise Supported Housing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07106678 (England and Wales)

MORNING RISE SUPPORTED HOUSING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Connor

Miss S Connor

Miss C M F Bevan

REGISTERED OFFICE:

16 Jubilee Parkway

Jubilee Business Park

Derby

Derbyshire

DE21 4BJ

BUSINESS ADDRESS:

142 Morley Road

Oakwood

Derby

DE21 4QY

REGISTERED NUMBER:

07106678 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

44,356

49,287

44,356

49,287

CURRENT ASSETS

Stocks

1,880

1,795

Debtors

6

6,168

7,296

Cash at bank

80,255

82,488

88,303

91,579

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

119,880

123,776

NET CURRENT LIABILITIES

(31,577

)

(32,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,779

17,090

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(5,462

)

(8,673

)

PROVISIONS FOR LIABILITIES

9

(6,870

)

(7,858

)

NET ASSETS

447

559

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

445

557

SHAREHOLDERS' FUNDS

447

559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 July 2018 and were signed on its behalf by:

Miss S Connor - Director

1.	STATUTORY INFORMATION

Morning Rise Supported Housing Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards

(United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except

otherwise stated).

Turnover

Turnover represents amounts receivable for services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

15% on reducing balance and 10% on reducing balance

Motor vehicles

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the

employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that

service.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2016 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

20,000

AMORTISATION

At 1 January 2017

and 31 December 2017

20,000

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2017

2,608

48,805

17,589

69,002

Additions

249

1,803

-

2,052

At 31 December 2017

2,857

50,608

17,589

71,054

DEPRECIATION

At 1 January 2017

1,772

14,484

3,459

19,715

Charge for year

163

5,061

1,759

6,983

At 31 December 2017

1,935

19,545

5,218

26,698

NET BOOK VALUE

At 31 December 2017

922

31,063

12,371

44,356

At 31 December 2016

836

34,321

14,130

49,287

The net book value of tangible fixed assets include £12,371 in respect of assets held under finance leases or

hire purchase contracts. The depreciation charge in respect of such assets amounted to £1,759 for the year.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

6,168

6,936

Other debtors

-

360

6,168

7,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

3,211

3,211

Taxation and social security

3,283

891

Other creditors

113,386

119,674

119,880

123,776

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

5,462

8,673

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

6,870

7,858

Deferred

tax

£

Balance at 1 January 2017

7,858

Provided during year

(988

)

Balance at 31 December 2017

6,870

10.	RELATED PARTY DISCLOSURES

Mrs J Connor

Included in other creditors are the following amounts owing to the directors, the amounts are interest free and

repayable on demand.

2017

2016

£

£

Amount due to related party at the balance sheet date

42,021

51,828

Miss S Connor

2017

2016

£

£

Amount due to related party at the balance sheet date

46,136

56,363

Miss C M F Bevan

2017

2016

£

£

Amount due to related party at the balance sheet date

4,542

-

Mrs & Miss Connor

The Directors

The property used by the business is owned by the Directors personally. Rent of £12,000 (2016: £12,000)

was paid during the year.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Miss S Connor & Miss CMF Bevan.