Page 50 - Housing Solutions Annual Report
P. 50
Association Statement of Financial Position
For the year ended 31 March 2019
Note 2020 2019
£’000 £’000
Fixed Assets
Tangible Fixed Assets (housing properties) 12a 557,853 509,779
Tangible Fixed Assets (other) 12b 9,360 8,716
Intangible Fixed Assets 13 729 542
Investment properties 14 19,132 19,880
Investment – joint venture 16 2,477 2,477
589,551 541,394
Current Assets
Properties for sale 17 11,242 7,558
Debtors 18 5,278 4,591
Cash and cash equivalents 14,456 22,084
30,976 34,233
Creditors: amounts falling due within one year 19 (20,120) (17,334)
Net current assets 10,856 16,899
Total assets less current liabilities 600,407 558,293
Creditors: amounts falling due after more 21 (295,514) (283,239)
than one year
Pension Liability 27 (18,168) (20,093)
Total net assets 286,725 254,961
Capital and reserves
Called-up non-equity share capital 23 - -
Revaluation reserve 157,883 133,239
Revenue reserve 128,842 121,722
Total reserves 286,725 254,961
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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