Our Company

Balance Sheet

Balance Sheet as at 31 March 2010
      2010   2009
      £   £
  Note        
Tangible Fixed Assets          
Housing Properties          
Gross Cost less Depreciation 2a    33557853                33692724   
Less          
Housing Association Grant   (23058107)   (22854992)  
Other Public Grant   (51966)   ( 51966)  
           
       10447780     10785766 
           
Other Fixed Assets 2b        967076         640782 
           
Total Fixed Assets      11414856     11426548 
           
Current Assets          
Debtors & Prepayments 3        527420                  1343009   
Short Term Investments 4a             496                         494   
Bank & Cash Balances 4b        439341                   610149   
           
           967257                  1953652   
Current Liabilities          
Creditors(falling due within1 year) 5 (998408)   (1799855)  
Corporation Tax 6                -     (24796)  
           
    (998408)   (1824651)  
           
Net Current Assets      (31151)        129001 
           
Total Assets less
Current Liabilities
     11383705     11555549 
           
           
Creditors (falling due after more than 1 year) 7      9833604     10312189 
           
Provision for liabilities and charges          
Pension liability 8        453000                   134000   
Deferred Tax 8                -                             -    
           453000         134000 
           
Capital and Reserves          
Share Capital 9                 8                  9 
Capital Reserves 10               16                15 
Revenue Reserves 11&12      1097077       1109336 
           
       11383705     11555549 
           
Approved by the Board of Management on 23 June 2010          
Developed by Robert Fyffe.