Company registration number 08988984 (England and Wales)
Reflections Housing Association Ltd
Annual Report and
Unaudited Financial Statements
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Reflections Housing Association Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Reflections Housing Association Ltd
Statement Of Financial Position
as at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,506
78,449
Current assets
Debtors
15,752
15,530
Cash at bank and in hand
37,990
25,301
53,742
40,831
Creditors: amounts falling due within one year
(54,570)
(50,099)
Net current liabilities
(828)
(9,268)
Total assets less current liabilities
57,678
69,181
Creditors: amounts falling due after more than one year
(35,871)
(46,454)
Provisions for liabilities
(14,036)
(18,993)
Net assets
7,771
3,734
Capital and reserves
Profit and loss reserves
7,771
3,734
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 director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his 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.
Reflections Housing Association Ltd
Statement Of Financial Position (continued)
as at 30 April 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
JP Wright
Director
Company Registration No. 08988984
Reflections Housing Association Ltd
Notes to the Financial Statements
for the year ended 30 April 2024
- 3 -
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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Over 5 Years
Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Reflections Housing Association Ltd
Notes to the Financial Statements (continued)
for the year ended 30 April 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
28,836
20,896
45,738
17,097
84,256
196,823
Depreciation and impairment
At 1 May 2023
28,545
8,914
31,805
12,350
36,760
118,374
Depreciation charged in the year
291
3,008
3,551
1,219
11,874
19,943
At 30 April 2024
28,836
11,922
35,356
13,569
48,634
138,317
Carrying amount
At 30 April 2024
8,974
10,382
3,528
35,622
58,506
At 30 April 2023
291
11,982
13,933
4,747
47,496
78,449
4
Company information
Reflections Housing Association Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Station Road, Castleford, WF10 1DL.