2020-11-30-accounts

Registered number 06314309

North London Community House Ltd

Report and Accounts

30 November 2020

North London Community House Ltd Report and accounts Contents

	Page
Company information	1
Director's report	2
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Statement of changes in equity	6
Notes to the accounts	7

North London Community House Ltd Company Information

Director

Orhan Dil Oktay Sahpaz

Accountants

Manes Partners Ltd Office 408 Screenwork 22 Highbury Grove London N5 2ER

Registered office

22 Moorefield Road Tottenham London N17 6PY

Registered number 06314309

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North London Community House Ltd Registered number: 06314309 Director's Report

The director presents his report and accounts for the year ended 30 November 2020.

Principal activities

The company's objective and principal activity is to assist in improving the quality of life of Turkish & Kurdish people in England. The main approach will to promote youth education and art work in North London and to assist residents of North London who are faced with social issues and social difficulties

Directors

The following persons served as directors during the year:

Orhan Dil

Oktay Sahpaz

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 18 August 2021 and signed on its behalf.

Orhan Dil Director

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North London Community House Ltd Accountants' Report

Accountants' report to the director of North London Community House Ltd

You consider that the company is exempt from an audit for the year ended 30 November 2020. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Manes Partners Ltd Chartered Public Finance Accountants

Office 408 Screenwork 22 Highbury Grove London N5 2ER

18 August 2021

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North London Community House Ltd Profit and Loss Account for the year ended 30 November 2020

Turnover Cost of sales Gross (loss)/profit Administrative expenses Other operating income Operating loss Loss before taxation Tax on loss Loss for the financial year	2020 £ 21,509 (23,699) (2,190) (75,086) 77,012 (264) (264) - (264)	2019 £ 75,993 (56,207) 19,786 (91,152) 69,924 (1,442) (1,442) - (1,442)

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North London Community House Ltd Registered number: 06314309 Balance Sheet as at 30 November 2020

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Capital and reserves Revaluation reserve 6 Profit and loss account Shareholder's funds	2020 £ 625 56,922 (3,693) 53,229 53,854 (50,000) 3,854 2,764 1,090 3,854	2019 £ 1,250 3,488 (620) 2,868 4,118 - 4,118 2,764 1,354 4,118

The director is 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 director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Orhan Dil Director Approved by the board on 18 August 2021

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North London Community House Ltd Statement of Changes in Equity for the year ended 30 November 2020

At 1 December 2018 Loss for the financial year At 30 November 2019 At 1 December 2019 Loss for the financial year At 30 November 2020	Share capital £ - - - -	Share premium £ - - - -	Re- valuation reserve £ 2,764 2,764 2,764 2,764	Profit and loss account £ 2,796 (1,442) 1,354 1,354 (264) 1,090	Total £ 5,560 (1,442) 4,118 4,118 (264) 3,854

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North London Community House Ltd Notes to the Accounts for the year ended 30 November 2020

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings	over 50 years
Leasehold land and buildings	over the lease term
Plant and machinery	over 5 years
Fixtures, fittings, tools and equipment	over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

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North London Community House Ltd Notes to the Accounts for the year ended 30 November 2020

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company	2020 Number 2	2019 Number 2

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North London Community House Ltd Notes to the Accounts for the year ended 30 November 2020

3 Tangible fixed assets Cost At 1 December 2019 At 30 November 2020 Depreciation At 1 December 2019 Charge for the year At 30 November 2020 Net book value At 30 November 2020 At 30 November 2019 4 Creditors: amounts falling due within one year Trade creditors Other creditors 5 Creditors: amounts falling due after one year Bank loans 6 Revaluation reserve At 1 December 2019 At 30 November 2020	Land and buildings £ 2,500 2,500 1,250 625 1,875 625 1,250	Plant and machinery etc £ 10,000 10,000 10,000 - 10,000 - - 2020 £ 3,692 1 3,693 2020 £ 50,000 2020 £ 2,764 2,764	Total £ 12,500 12,500 11,250 625 11,875 625 1,250 2019 £ 620 - 620 2019 £ - 2019 £ 2,764 2,764

7 Other information

North London Community House Ltd is a private company limited by shares and incorporated in England. Its registered office is:

22 Moorefield Road

Tottenham London N17 6PY

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North London Community House Ltd Detailed profit and loss account for the year ended 30 November 2020

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross (loss)/profit Administrative expenses Other operating income Operating loss Loss before tax	2020 £ 21,509 (23,699) (2,190) (75,086) 77,012 (264) (264)	2019 £ 75,993 (56,207) 19,786 (91,152) 69,924 (1,442) (1,442)

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North London Community House Ltd Detailed profit and loss account for the year ended 30 November 2020

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Purchases Other direct costs Administrative expenses Employee costs: Wages and salaries Premises costs: Rent Service charges Light and heat General administrative expenses: Telephone and fax Subscriptions Bank charges Insurance Equipment expensed Repairs and maintenance Depreciation Water Waste Services Sundry expenses Legal and professional costs: Other legal and professional Other operating income Other operating income	2020 £ 21,509 12,730 10,969 23,699 12,882 12,882 38,000 1,120 11,062 50,182 1,070 158 17 3,176 220 51 625 2,875 3,650 180 12,022 - - 75,086 77,012	2019 £ 75,993 47,975 8,232 56,207 10,254 10,254 45,600 1,338 15,023 61,961 1,062 155 67 2,742 1,784 3,516 3,125 2,367 3,665 180 18,663 274 274 91,152 69,924

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