Company Registration No. 10320247 (England and Wales)
The House Share Company (Yorkshire) Limited
Unaudited accounts
for the year ended 31 August 2023
The House Share Company (Yorkshire) Limited
Unaudited accounts
Contents
The House Share Company (Yorkshire) Limited
Company Information
for the year ended 31 August 2023
Directors
Diane Greenwood
Zena Bentley
Company Number
10320247 (England and Wales)
Registered Office
409 Street 7
Thorpe Arch Estate
Wetherby
LS23 7FG
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
The House Share Company (Yorkshire) Limited
Accountants' report
Accountants' report to the board of directors of The House Share Company (Yorkshire) Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
The House Share Company (Yorkshire) Limited for the year ended
31 August 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The House Share Company (Yorkshire) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of The House Share Company (Yorkshire) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The House Share Company (Yorkshire) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The House Share Company (Yorkshire) 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 loss of The House Share Company (Yorkshire) Limited. You consider that The House Share Company (Yorkshire) 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 The House Share Company (Yorkshire) 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
8 April 2024
The House Share Company (Yorkshire) Limited
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
1,172
1,067
Creditors: amounts falling due within one year
(5,949)
(6,096)
Net current assets
3,645
7,621
Total assets less current liabilities
3,645
7,621
Creditors: amounts falling due after more than one year
(12,179)
(12,648)
Net liabilities
(8,534)
(5,027)
Called up share capital
40
40
Profit and loss account
(8,574)
(5,067)
Shareholders' funds
(8,534)
(5,027)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
Diane Greenwood
Director
Company Registration No. 10320247
The House Share Company (Yorkshire) Limited
Notes to the Accounts
for the year ended 31 August 2023
The House Share Company (Yorkshire) Limited is a private company, limited by shares, registered in England and Wales, registration number 10320247. The registered office is 409 Street 7, Thorpe Arch Estate, Wetherby, LS23 7FG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
1,584
1,832
3,416
At 31 August 2023
1,584
1,832
3,416
At 1 September 2022
1,584
1,832
3,416
At 31 August 2023
1,584
1,832
3,416
Amounts falling due within one year
Other debtors
8,422
12,650
The House Share Company (Yorkshire) Limited
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
457
495
Other creditors
2,871
2,977
Loans from directors
2,621
2,624
7
Creditors: amounts falling due after more than one year
2023
2022
In May 2020, the company received a Bounce Back Loan of £14,500, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Transactions with related parties
Included in current liabilities is a loan of £10.008 (2022 - £13,000) to House Share Studios, a related company. The loan is interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).