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REGISTERED NUMBER:
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COMMUNITY ACCOMMODATION SERVICES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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REGISTERED NUMBER:
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COMMUNITY ACCOMMODATION SERVICES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2018 |
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COMMUNITY ACCOMMODATION SERVICES LIMITED (REGISTERED NUMBER: 09467022) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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COMMUNITY ACCOMMODATION SERVICES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
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Director: |
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Registered office: |
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Registered number: |
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Accountants: |
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69-85 Tabernacle Street |
London |
EC2A 4RR |
COMMUNITY ACCOMMODATION SERVICES LIMITED (REGISTERED NUMBER: 09467022) |
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BALANCE SHEET |
31 MAY 2018 |
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2018 | 2017 |
Notes | £ | £ |
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Creditors |
Amounts falling due within one year | 4 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Reserves |
Income and expenditure account | ( |
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( |
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The director acknowledges her 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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COMMUNITY ACCOMMODATION SERVICES LIMITED (REGISTERED NUMBER: 09467022) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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1. | Statutory information |
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Community Accommodation Services Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Set out below is a summary of the principal accounting policies, all of which have been applied consistently |
(except as otherwise stated). The financial statements are presented in Sterling (£). |
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Critical accounting judgements and key sources of estimation uncertainty |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, |
including expectations of future events that are believed to be reasonable under the circumstances. |
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(a) Critical judgements in applying the company's accounting policies |
The company makes a number of assessments which require judgement in preparing the accounts and can |
have a significant effect upon the financial statements. However due to the straight forward nature of the |
company's business, management does not believe that there are any judgements that have a significant risk of |
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
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(b) Key accounting estimates and assumptions |
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, |
by definition, seldom equal the related actual results. However due to the straight forward nature of the |
company's business, management does not believe that there are any estimates and assumptions that have a |
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next |
financial year. |
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Financial instruments |
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of |
the financial instrument. The company holds basic financial instruments which comprise trade and other |
receivables and trade and other payables. The company has chosen to apply the provisions of Section 11 Basic |
Financial Instruments in full. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
COMMUNITY ACCOMMODATION SERVICES LIMITED (REGISTERED NUMBER: 09467022) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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2. | Accounting policies - continued |
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Going concern |
These financial statements have been prepared on a going concern basis. |
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The current economic conditions present increased risks for all businesses. In response to such conditions, the |
director has carefully considered these risks including an assessment on uncertainty on future trading projection |
for a period of at least 12 months from the date of signing the financial statements, and the extent to which they |
might affect the preparation of the financial statements on a going concern basis. |
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Based on assessment, the director considers that the company maintains an appropriate level of liquidity, |
sufficient to meet the demands of the business including any capital and servicing obligations and external debt |
liabilities. |
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In addition, the company's assets are assessed for recoverability on a regular basis, and the director considers |
that the company is not exposed to losses on these assets which would affect their decision to adopt the going |
concern basis. |
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The director has a reasonable expectation that the company has adequate resources to continue in operational |
existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts |
upon the company's ability to continue as a going concern. Thus the director has continued to adopt the going |
concern basis of accounting in preparing these financial statements. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2017 - NIL). |
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4. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Other creditors |
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5. | Ultimate controlling party |
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The controlling party is Edward Coombes. |