North Staffordshire Landlords Association Limited

North Staffordshire Landlords Association Limited

NORTH STAFFORDSHIRE LANDLORDS ASSOCIATION LIMITED - Company Information

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1 April 2020 false Taxfiler 2021.5 04451831business:CompanyLimitedByGuarantee2020-04-012021-03-31 044518312020-03-31 044518312020-04-012021-03-31 04451831business:AuditExemptWithAccountantsReport2020-04-012021-03-31 04451831business:FullAccounts2020-04-012021-03-31 044518312021-03-31 04451831business:Director12020-04-012021-03-31 04451831business:RegisteredOffice2020-04-012021-03-31 044518312020-03-31 04451831core:WithinOneYear2021-03-31 04451831core:WithinOneYear2020-03-31 04451831core:RetainedEarningsAccumulatedLosses2021-03-31 04451831core:RetainedEarningsAccumulatedLosses2020-03-31 04451831business:SmallEntities2020-04-012021-03-31 04451831countries:EnglandWales2020-04-012021-03-31 044518312019-04-012020-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04451831 (England and Wales)
North Staffordshire Landlords Association Limited Unaudited accounts for the year ended 31 March 2021
North Staffordshire Landlords Association Limited Unaudited accounts Contents
Page
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North Staffordshire Landlords Association Limited Company Information for the year ended 31 March 2021
Director
E J Palmer
Company Number
04451831 (England and Wales)
Registered Office
Regent Chambers 3 Pall Mall Hanley Stoke-on-Trent ST1 1HP
Accountants
AP Accountancy Ltd 34 Birch Valley Road Kidsgrove Stoke-on-Trent ST7 4GN
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North Staffordshire Landlords Association Limited Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
4
360 
1,552 
Cash at bank and in hand
28,158 
26,392 
28,518 
27,944 
Creditors: amounts falling due within one year
5
(1,092)
(2,213)
Net current assets
27,426 
25,731 
Net assets
27,426 
25,731 
Reserves
6
Profit and loss account
27,426 
25,731 
Members' funds
27,426 
25,731 
For the year ending 31 March 2021 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 director acknowledges his 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 and authorised for issue on 20 May 2021 and were signed on its behalf by
E J Palmer Director Company Registration No. 04451831
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North Staffordshire Landlords Association Limited Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
North Staffordshire Landlords Association Limited is a private company, limited by guarantee, registered in England and Wales, registration number 04451831. The registered office is Regent Chambers, 3 Pall Mall, Hanley, Stoke-on-Trent, ST1 1HP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of membership fees and commissions received from member landlords
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Taxation
The company is "not for profit" and at present HM Revenue & Customs have agreed that it is not required to pay corporation tax on any surplus generated from its members.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
360 
1,552 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
360 
1,613 
Other creditors
732 
600 
1,092 
2,213 
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North Staffordshire Landlords Association Limited Notes to the Accounts for the year ended 31 March 2021
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
Transactions with related parties
All directors were reimbursed for costs incurred on behalf of the company. These costs are included in the appropriate headings in the accounts.
8
Controlling party
The ultimate controlling party are the members of the company.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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