Houghton Homes Estate Agents Limited Filleted accounts for Companies House (small and micro)

Houghton Homes Estate Agents Limited Filleted accounts for Companies House (small and micro)

HOUGHTON HOMES ESTATE AGENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05391008
Houghton Homes Estate Agents Limited
Filleted Unaudited Financial Statements
31 March 2018
Houghton Homes Estate Agents Limited
Statement of Financial Position
31 March 2018
2018
2017
Note
£
£
£
Fixed assets
Tangible assets
5
299
372
Current assets
Debtors
6
8,821
7,699
Cash at bank and in hand
11,765
7,085
--------
--------
20,586
14,784
Creditors: amounts falling due within one year
7
24,061
30,010
--------
--------
Net current liabilities
3,475
15,226
-------
--------
Total assets less current liabilities
( 3,176)
( 14,854)
-------
--------
Net liabilities
( 3,176)
( 14,854)
-------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 3,177)
( 14,855)
-------
--------
Shareholder deficit
( 3,176)
( 14,854)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Houghton Homes Estate Agents Limited
Statement of Financial Position (continued)
31 March 2018
These financial statements were approved by the board of directors and authorised for issue on 19 September 2018 , and are signed on behalf of the board by:
Mrs V A Houghton
Director
Company registration number: 05391008
Houghton Homes Estate Agents Limited
Notes to the Financial Statements
Year ended 31 March 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/8 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation .
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2017: 3 ).
5. Tangible assets
Property improvements
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2017 and 31 March 2018
2,070
1,794
3,864
-------
-------
-------
Depreciation
At 1 April 2017
1,927
1,565
3,492
Charge for the year
28
45
73
-------
-------
-------
At 31 March 2018
1,955
1,610
3,565
-------
-------
-------
Carrying amount
At 31 March 2018
115
184
299
-------
-------
-------
At 31 March 2017
143
229
372
-------
-------
-------
6. Debtors
2018
2017
£
£
Trade debtors
8,821
7,699
-------
-------
7. Creditors: amounts falling due within one year
2018
2017
£
£
Social security and other taxes
8,180
7,568
Other creditors
15,881
22,442
--------
--------
24,061
30,010
--------
--------
8. Related party transactions
At 31 March 2018 the company owed to its director £14,144 (2017: £21,382).