Hilldale Housing Association Limited - Accounts to registrar (filleted) - small 18.2
Hilldale Housing Association Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| FOR |
| HILLDALE HOUSING ASSOCIATION LIMITED |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| STATEMENT OF FINANCIAL POSITION |
| 31 DECEMBER 2017 |
| 31.12.17 | 31.12.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| The director acknowledges his 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 surplus or deficit 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. |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 DECEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the director on |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Hilldale Housing Association Limited is a |
| Wales. The company's registered number and registered office address are as below: |
| Registered number: | 06953867 |
| Registered office: | Suite 2B, 2nd Floor Blackburn House |
| North Quarry Business Park |
| Skull House Lane, Appley Bridge |
| Wigan |
| WN6 9DB |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover relates to rental income and is measured at the fair value of amounts received or receivable. |
| Tangible fixed assets |
| Property | - |
| Lease costs | - |
| Fixtures, fittings and equipment | - |
| Government grants |
| Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised |
| until there is reasonable assurance that the company will comply with the conditions attaching to them and the |
| grants will be received. |
| Government grants are recognised using the accrual model. |
| The company has received a grant relating to a property asset and this is being recognised in income on a |
| systematic basis over the expected useful life of the asset, which is estimated to be 50 years. |
| The grant is included within other creditors and is apportioned between amounts falling due within one year and |
| after more than one year according to the expected amortisation period. |
| Impairment |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets |
| have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
| affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the |
| carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
| immediately in the income statement. |
| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of |
| its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss |
| been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the |
| income statement. |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 3. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| fittings |
| Lease | and | Motor |
| Property | costs | equipment | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| HILLDALE HOUSING ASSOCIATION LIMITED (REGISTERED NUMBER: 06953867) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Finance leases |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Other creditors falling due within one year include the following : |
| - an amount of £55,488 in respect of loans for which the company has provided security |
| - an amount of £12,860 in respect of a government grant. Security has been provided in respect of the grant and |
| there is provision for it to be repaid should any of the conditions of the grant be breached. |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Finance leases |
| Other creditors |
| Other creditors falling due after more than one year include the following : |
| - an amount of £157,221 in respect of loans for which the company has provided security |
| - an amount of £604,420 in respect of a government grant. Security has been provided in respect of the grant and |
| there is provision for it to be repaid should any of the conditions of the grant be breached |
| 9. | LIMITED BY GUARANTEE |
| The company is limited by guarantee of members and does not have a share capital. The liability of members is |
| limited to £1. On winding up of the company, any surplus assets that exist must be transferred to another body or |
| bodies having objects similar to those of the company. |