Page 49 - Housing Solutions Annual Report
P. 49
Consolidated Statements of Financial Position
For the year ended 31 March 2019
Note 2020 2019
£’000 £’000
Fixed Assets
Tangible Fixed Assets (housing properties) 12a 557,724 509,650
Tangible Fixed Assets (other) 12b 10,671 10,109
Intangible Fixed Assets 13 729 542
Investment properties 14 19,132 19,880
Investment – joint venture 16 2,519 2,427
590,775 542,608
Current Assets
Properties for sale 17 11,242 9,716
Debtors 18 4,014 3,353
Cash and cash equivalents 14,902 22,588
30,158 35,657
Creditors: amounts falling due within one year 19 (20,348) (19,824)
Net current assets 9,810 15,833
Total assets less current liabilities 600,585 558,441
Creditors: amounts falling due after more 21 (295,514) (283,239)
than one year
Pension Liability 27 (18,168) (20,093)
Total net assets 286,903 255,109
Capital and reserves
Called-up non-equity share capital 23 - -
Revaluation reserve 157,883 133,239
Revenue reserve 129,020 121,870
Total reserves 286,903 255,109
The accompanying accounting policies and notes on pages 52 - 85 form an integral part of the financial
statements
The financial statements were approved and authorised for issue by the Board of Management on
23 September 2020 and are signed on its behalf by:
Chairman Chief Executive Company Secretary
Elizabeth Padmore Orla Gallagher Shazia Nazir
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