Martlet Homes Limited - Hyde Housing Association

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MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 17. CASH AT BANK AND IN HAND 2010 2009 £’000 £’000 Cash at Bank 4,286 80 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2010 2009 £’000 £’000 Rent in advance 363 645 Amounts due to contractors 533 - Trade creditors 1,273 225 Other taxes and social security costs - 1,563 Amounts due to Group undertakings 41 133 Other creditors and accruals 2,726 786 4,936 3,352 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2010 2009 £’000 £’000 Loans 126,853 126,887 Other long term creditors - 6 Estate Improvement Sinking Fund 28 28 126,881 126,921 Loan repayments are analysed as follows: 2010 2009 £’000 £’000 Between two and five years 5,236 - More than five years 121,617 126,887 126,853 126,887 Less than one year 28 34 126,881 126,921 The loans are secured against 4,045 housing property units. The loan interest is payable at an average rate of 4.81%. 31
MARTLET HOMES LIMITED NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2010 20. CAPITAL GRANT RECYCLING FUND 2010 2009 £’000 £’000 Grants Recycled 15 - At end of year 15 - 21. CALLED UP NON-EQUITY SHARE CAPITAL 2010 2009 £ £ Issued during the year 12 - Cancelled (1) - At end of year 11 - Only Board members of the Association can be shareholders . These shares carry no dividend rights and are cancelled on cessation of membership of the Association. Each member has the right to vote at members meetings. All shares are fully paid up. 22. RESERVES Revenue Restricted Reserve Reserve Total £’000 £’000 £’000 At 1 April 2009 (5,811) 882 (4,929) Retained surplus for the year 7,907 - 7,907 Actuarial loss (6,609) - (6,609) Transfers (144) 144 - At 31 March 2010 (4,657) 1,026 (3,631) The Restricted Reserve is set up to provide a fund created from the net sales proceeds of parcels of land or buildings of which, under the transfer agreement, a proportion would normally be transferred to Chichester District Council. By setting up this Restricted Reserve Martlet Homes Limited is able to invest this fund in further social housing in the Chichester District. 2010 2009 £’000 £’000 Revenue reserve excluding defined benefit pension schemes 3,916 (3,553) Pension reserve (8,573) (2,258) Revenue reserve (4,657) (5,811) 32
Page 1 and 2: Martlet Homes Limited Report & Fina
Page 3 and 4: MARTLET HOMES LIMITED CONTENTS BOAR
Page 5 and 6: MARTLET HOMES LIMITED REPORT OF THE
Page 13 and 14: MARTLET HOMES LIMITED STATEMENT OF
Page 15 and 16: MARTLET HOMES LIMITED INDEPENDENT A
Page 17 and 18: MARTLET HOMES LIMITED BALANCE SHEET
Page 19 and 20: MARTLET HOMES LIMITED NOTES TO THE
Page 31: MARTLET HOMES LIMITED NOTES TO THE
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Martlet Homes Limited - Hyde Housing Association

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