| Homeowners Alliance Limited |
| Registered number: |
07861605 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,581 |
|
|
1,257 |
|
| Current assets |
| Debtors |
|
|
72 |
|
|
- |
| Cash at bank and in hand |
|
|
23,273 |
|
|
16,706 |
|
|
|
23,345 |
|
|
16,706 |
|
| Creditors: amounts falling due within one year |
|
|
(102,146) |
|
|
(75,418) |
|
| Net current liabilities |
|
|
|
(78,801) |
|
|
(58,712) |
|
| Net liabilities |
|
|
|
(77,220) |
|
|
(57,455) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(77,320) |
|
|
(57,555) |
|
| Shareholder's funds |
|
|
|
(77,220) |
|
|
(57,455) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Paula Higgins |
| Director |
| Approved by the board on 16 March 2015 |
|
| Homeowners Alliance Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Going concern |
|
As at the balance sheet date the company had net liabilities of £77,220 which are financed by loans from the directors. The directors will continue to provide the necessary financial support for the company to meet its debts as and when they fall due and on this basis have prepared the accounts on a going concern basis. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
2,072 |
|
Additions |
923 |
|
At 31 December 2014 |
2,995 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
815 |
|
Charge for the year |
599 |
|
At 31 December 2014 |
1,414 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
1,581 |
|
At 31 December 2013 |
1,257 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
