Registration number:
(A company limited by guarantee)
Unaudited Abbreviated Accounts
for the Year Ended
Affordable Housing UK (Kernow) Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Affordable Housing UK (Kernow) Limited
for the Year Ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Affordable Housing UK (Kernow) Limited for the year ended 31 December 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Affordable Housing UK (Kernow) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Affordable Housing UK (Kernow) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Affordable Housing UK (Kernow) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Affordable Housing UK (Kernow) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Affordable Housing UK (Kernow) Limited. You consider that Affordable Housing UK (Kernow) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Affordable Housing UK (Kernow) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS
28 July 2015
Affordable Housing UK (Kernow) Limited
(Registration number: 05405069)
Abbreviated Balance Sheet at 31 December 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr John Charles Cottingham
Director
2
Affordable Housing UK (Kernow) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold Property |
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Plant & Machinery |
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Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2014 |
289 |
289 |
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At 31 December 2014 |
289 |
289 |
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Depreciation |
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At 1 January 2014 |
80 |
80 |
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Charge for the year |
31 |
31 |
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At 31 December 2014 |
111 |
111 |
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Net book value |
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At 31 December 2014 |
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At 31 December 2013 |
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Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation.