Company Registration No. 06996615 (England and Wales)
HOUSE OF LIGHTS
Unaudited accounts
for the year ended 31 August 2023
HOUSE OF LIGHTS
Unaudited accounts
Contents
HOUSE OF LIGHTS
Company Information
for the year ended 31 August 2023
Directors
Mr Eugene Ajayi
Mr Odeh Akatu
Company Number
06996615 (England and Wales)
Registered Office
15 Middle Road
Aylesbury
HP21 7AD
Accountants
Faxon Consulting Ltd
85 Great Portland Street
London
W1W 7LT
HOUSE OF LIGHTS
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
84
84
Creditors: amounts falling due within one year
(3,426)
(3,426)
Net current liabilities
(3,342)
(3,342)
Net liabilities
(3,290)
(3,290)
Profit and loss account
(3,290)
(3,290)
Members' funds
(3,290)
(3,290)
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 1 June 2024 and were signed on its behalf by
Mr Eugene Ajayi
Director
Company Registration No. 06996615
HOUSE OF LIGHTS
Notes to the Accounts
for the year ended 31 August 2023
HOUSE OF LIGHTS is a private company, limited by guarantee, registered in England and Wales, registration number 06996615. The registered office is 15 Middle Road , Aylesbury, HP21 7AD.
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.
a) Accounting Convention
The financial statements are prepared under the historic cost convention. In preparing the financial statements, the charity follows the best practice as laid down in the Statement of Recommended Practice ? Accounting and Reporting by Charities? (SORP 2000) issued in October 2000.
To comply fully with the statement of Recommended Practice, would require investments to be accounted for at valuation. The trustees are of the opinion that since the investments is held for the long term, it would be inappropriate to account for unrealised gains and losses for the period. Therefore investments have been accounted for at historical cost. This is the only exception to compliance with the Statement of Recommended Practice. The market value of the investments is disclosed.
b) Income from members is credited to the income in the year in which it is receivable by the association. All other income is credited to income in the year in which it is received on a cash basis.
c) Donations to other charities are charged in the year when the offer is conveyed to the recipients except in those cases where the offer is conditioning, such as donations or grants being recognised as expenditures when the conditions attached are fulfilled.
d) Unrestricted funds are general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the association and which have not been designated for other purposes.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
HOUSE OF LIGHTS
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings
5
Creditors: amounts falling due within one year
2023
2022
6
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).