for the Period Ended 31 March 2017
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 9 |
for the Period Ended 31 March 2017
Director: |
|
|
|
||
|
||
|
||
Registered office: |
|
|
Company Registration Number: |
|
|
The directors present their report with the financial statements of the company for the period ended 31 March 2017
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Directors
The directors shown below have held office during the whole of the period from 01 April 2016 to 31 March 2017
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 March 2017
Notes |
2017 £ |
2016 £ |
|
---|---|---|---|
Turnover |
|
|
|
Cost of sales |
( |
( |
|
Gross Profit or (Loss) |
|
|
|
Administrative Expenses |
( |
( |
|
Operating Profit or (Loss) |
|
|
|
Interest Receivable and Similar Income |
|
|
|
Profit or (Loss) Before Tax |
|
|
|
Tax on Profit |
( |
( |
|
Profit or (Loss) for Period |
|
|
The notes form part of these financial statements
As at
Notes |
2017 £ |
2016 £ |
|
---|---|---|---|
Fixed assets | |||
Tangible assets: | 2 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 3 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 4 |
( |
( |
Net current assets (liabilities): |
( |
( |
|
Total assets less current liabilities: |
|
|
|
Total net assets (liabilities): |
|
|
The notes form part of these financial statements
As at 31 March 2017
Notes |
2017 £ |
2016 £ |
|
---|---|---|---|
Capital and reserves | |||
Called up share capital: |
|
|
|
Profit and loss account: |
|
|
|
Shareholders funds: |
|
|
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2017
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Housing under construction is not depreciated.
Completed freehold buildings are depreciated on a straight line basis of the building’s components over their remaining expected useful economic lives from the year following the completion/acquisition date. The estimated useful life of the properties is 60 years. Full year depreciation is charged in the year of disposal. Depreciation is charged on historic cost.
Using component costing principles housing properties are divided into components which are depreciated using the following useful economic lives:
Main contract, roofing and drainage 60 years
Kitchens and bathrooms, electrical heating 15 years
& ventilation
Internal doors and flooring 15 years
Carpentry and internal finishing’s 30 years
Depreciation of £279,304 was charged to the Statement of comprehensive income for Lampton 78 completed housing stock. In line with the London Borough of Hounslow’s policy, no depreciation is charged in the year of asset recognition, and a full year’s depreciation is charged in the year of disposal
Intangible fixed assets amortisation policy
Other than L78-owned housing stock, the London Borough of Hounslow owns all buildings, plant, equipment, furniture & IT hardware. When the Company was first incorporated, an agreement stating this was made between the Company and the London Borough of Hounslow. The Company is not required to pay any rent, lease or hire charge for the use of these fixed assets. The London Borough of Hounslow is responsible for the calculation of depreciation on assets, and the replacement of assets when necessary.
Valuation information and policy
for the Period Ended 31 March 2017
Land & buildings | Total | |
---|---|---|
Cost | £ | £ |
At 01 April 2016 |
|
|
Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 March 2017 |
|
|
Depreciation | ||
At 01 April 2016 |
|
|
Charge for year |
|
|
On disposals | - | - |
Other adjustments | - | - |
At 31 March 2017 |
|
|
Net book value | ||
At 31 March 2017 |
|
|
At 31 March 2016 |
|
|
for the Period Ended 31 March 2017
2017 £ |
2016 £ |
|
---|---|---|
Trade debtors |
|
|
Other debtors |
|
|
Total |
|
|
Debtors due after more than one year: |
|
for the Period Ended 31 March 2017
2017 £ |
2016 £ |
|
---|---|---|
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
Total |
|
|