Homely Residents Association Limited Filleted accounts for Companies House (small and micro)

Homely Residents Association Limited Filleted accounts for Companies House (small and micro)

HOMELY RESIDENTS ASSOCIATION LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02116035
Homely Residents Association Limited
Filleted Unaudited Financial Statements
31 March 2018
Homely Residents Association Limited
Statement of Financial Position
31 March 2018
2018
2017
Note
£
£
£
Current assets
Debtors
4
369
338
Cash at bank and in hand
22,889
24,095
--------
--------
23,258
24,433
Creditors: amounts falling due within one year
5
1,533
1,981
--------
--------
Net current assets
21,725
22,452
--------
--------
Total assets less current liabilities
21,725
22,452
--------
--------
Net assets
21,725
22,452
--------
--------
Capital and reserves
Called up share capital
6
9
9
Decorating sinking fund
14,485
14,485
Profit and loss account
7,231
7,958
--------
--------
Shareholders funds
21,725
22,452
--------
--------
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 members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 October 2018 , and are signed on behalf of the board by:
S. O'Donoghue
Director
Company registration number: 02116035
Homely Residents Association 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 Goldlay House, Parkway, Chelmsford, Essex, CM2 7PR.
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
The turnover as shown in the income and expenditure account represents maintenance charges receivable from residents.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2018
2017
£
£
Prepayments and accrued income
369
338
----
----
5. Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
105
375
Accruals and deferred income
1,428
1,606
-------
-------
1,533
1,981
-------
-------
6. Called up share capital
Authorised share capital
2018
2017
No.
£
No.
£
Ordinary shares of £ 1 each
100
100.00
100
100.00
----
--------
----
--------
Issued, called up and fully paid
2018
2017
No.
£
No.
£
Ordinary shares of £ 1 each
9
9.00
9
9.00
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