COMPANY REGISTRATION NUMBER:
07495636
Hasell Street Management Company Limited |
|
Company Limited by Guarantee |
|
Filleted Unaudited Financial Statements |
|
Hasell Street Management Company Limited |
|
Company Limited by Guarantee |
|
Statement of Financial Position |
|
31 January 2022
Current assets
Debtors |
5 |
232 |
|
2,033 |
Cash at bank and in hand |
2,316 |
|
2,542 |
|
------- |
|
------- |
|
2,548 |
|
4,575 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
2,647 |
|
6,396 |
|
------- |
|
------- |
Net current liabilities |
|
99 |
1,821 |
|
|
---- |
------- |
Total assets less current liabilities |
|
(
99) |
(
1,821) |
|
|
---- |
------- |
Net liabilities |
|
(
99) |
(
1,821) |
|
|
---- |
------- |
|
|
|
|
|
Capital and reserves
Profit and loss account |
|
(
99) |
(
1,821) |
|
|
---- |
------- |
Members deficit |
|
(
99) |
(
1,821) |
|
|
---- |
------- |
|
|
|
|
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 Section 1A of 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 statement of income and retained earnings has not been delivered.
For the year ending 31 January 2022 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
27 July 2022
, and are signed on behalf of the board by:
Company registration number:
07495636
Hasell Street Management Company Limited |
|
Company Limited by Guarantee |
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Notes to the Financial Statements |
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Year ended 31 January 2022
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is City View, Lowry Street, Carlisle, CA2 4SH, Cumbria.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The directors consider there were no significant judgements in preparing the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The directors consider there are no key sources of estimation uncertainty.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have any share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
5.
Debtors
|
2022 |
2021 |
|
£ |
£ |
Trade debtors |
122 |
1,910 |
Other debtors |
110 |
123 |
|
---- |
------- |
|
232 |
2,033 |
|
---- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
Trade creditors |
800 |
606 |
Other creditors |
1,847 |
5,790 |
|
------- |
------- |
|
2,647 |
6,396 |
|
------- |
------- |
|
|
|
7.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
Balance brought forward and outstanding |
|
2022 |
2021 |
|
£ |
£ |
Mr I E Simpson |
110 |
123 |
|
---- |
---- |
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|
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8.
Related party transactions
No transactions with related parties were undertaken, other than disclosed in the notes, such as are required to be disclosed under the FRS102 Section 1A.