HAVEN EAST LIMITED
|
Notes to the Accounts |
for the year ended 30 June 2017
|
|
|
|
|
|
1 |
Accounting policies |
|
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
|
Income |
|
Income represents the value received / receivable as service charges from the residents .
|
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, as follows:
|
|
|
Fix, fittings & equipment |
18% reducing balance method. |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
|
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price).
|
|
|
2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Fix, fittings & equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2016 |
1,207 |
|
23,345 |
|
24,552 |
|
At 30 June 2017 |
1,207 |
|
23,345 |
|
24,552 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2016 |
- |
|
13,272 |
|
13,272 |
|
Charge for the year |
- |
|
1,813 |
|
1,813 |
|
At 30 June 2017 |
- |
|
15,085 |
|
15,085 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2017 |
1,207 |
|
8,260 |
|
9,467 |
|
At 30 June 2016 |
1,207 |
|
10,073 |
|
11,280 |
|
|
3 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
1,109 |
|
1,025 |
|
Other debtors |
385 |
|
148 |
|
|
|
|
|
|
1,494 |
|
1,173 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Advance payment received |
80 |
|
- |
|
Other taxes and social security costs |
971 |
|
806 |
|
Other creditors |
1,883 |
|
1,883 |
|
|
|
|
|
|
2,934 |
|
2,689 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
HAVEN EAST LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Haven East |
|
146 Dalston Lane |
|
London |
|
E8 1NL |