Company Registration No. 01540923 (England and Wales)
Halifax Borough Market
Tenants Association Limited
Company limited by guarantee
Financial Statements
for the year ended 31 December 2023
Halifax Borough Market Tenants Association Limited
Company Information
Directors
S. Ali
M. Bryson
M Mahmood
S Sutcliffe
Secretary
S Sutcliffe
Company number
01540923
Registered office
C/o Toffee Smiths
Borough Market
Halifax
HX1 1DZ
Accountants
B M Howarth Ltd
West House
King Cross Road
Halifax
West Yorkshire
HX1 1EB
Halifax Borough Market Tenants Association Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Halifax Borough Market Tenants Association Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1
1
Current assets
Debtors
11,679
5,527
Cash at bank and in hand
67,899
69,700
79,578
75,227
Creditors: amounts falling due within one year
(2,421)
(1,673)
Net current assets
77,157
73,554
Total assets less current liabilities
77,158
73,555
Reserves
Income and expenditure account
77,158
73,555
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 September 2024 and are signed on its behalf by:
S. Ali
S Sutcliffe
Director
Director
Company Registration No. 01540923
Halifax Borough Market Tenants Association Limited
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover
The whole of the turnover and profit before taxation is attributable to the one activity of the company. Turnover is recognised when the subscriptions and levies become due for payment.
Tangible fixed assets
Tangible fixed assets have been written down to a nominal value of £1. No provision for depreciation is required.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Halifax Borough Market Tenants Association Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
4
Tangible fixed assets
Total
£
Cost
At 1 January 2023 and 31 December 2023
2,398
Depreciation and impairment
At 1 January 2023 and 31 December 2023
2,397
Carrying amount
At 31 December 2023
1
At 31 December 2022
1
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
6
Company information
Halifax Borough Market Tenants Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is C/o Toffee Smiths, Borough market, Halifax, HX1 1DZ.