Somerset Community Housing Social Enterprises Limited (08252850): administration
- Status
- Administration ended
- Administration began
- 2018-05-15
- Administrators
- Adrian David Allen, Diana Frangou
- Administrators' firm
- RSM
- Incorporated
- 2012-10-15
- Location
- Nottingham
- Industry
- 68201 Renting and operating of Housing Association real estate
From the administrators' statement
No management accounts are available and the only set of final accounts that have been produced are for Somerset and Wilberforce. Copies of the balance sheets available at Companies House are summarised at below:
31/10/2015 31/10/2014 31/102013 Fixed assets Intangible assets 116,122 122,234 - Tangible assets 4,158,745 2,333,677 1,848,626 tavestments 4,000 - - 4,278,867 2,455,911 1,848,626 Current assets Stocks 420,200 43,466 - Debtors 42,891 6,697 47,553 Cash at bank 177,716 410,781 81,539 340,807 160,944 129,092 Creditors: amounts failing due within one year (720,393) (125,930) (197,963) Net current (liabilities /assets (379,586) 35,014 (68,871) Total assets less current liabilities 3,899,281 2,490,925 1,779,755 Creditors: amounts failing due after more than one year (2,102,097) (4.420,360) (970,000) Net assets/(liabilities) 1,797,184 1,070,565 809,755 Capital and reserves Called up share capital 10,000 10,000 10,000 Revaluation reserve 1,731,154 969,375 698,131 Profit and loss account §6,030 91,190 101,624 41,797,184 1,070,565 809,755 Wilberforce Club Limited 30/04/2015 Fixed assets Intangible assets - Tangible assets 566,773 Investments - 566,773 Current assets Stocks 15,430 Debtors 3,201 Investments 10,000 Cash at bank 156,879 185,510 Prepayments and accrued income 2,500 Creditors: amounts falling due within one year (5,277) Net current assets/(liabilities) 182,733 Net …
The directors have not yet lodged a Statements of Affairs with the Joint Administrators for any of the Companies. Accordingly, pursuant to the relevant legislation, we attach Estimated Statements of the Financial Position of the Companies as at 15 May 2018 as Appendix B. This records the assets and liabilities at their estimated book value at the date of our appointment together with details of the names, addresses and the estimated amounts due to the Companies’ creditors and any security held at the date of our appointment. As the realisable values are commercial sensitive the estimated values have been excluded. It should be noted that the financial records of each of the Companies are limited and as such the attached estimates may well exclude both assets and liabitities of the Companies.
Administrators' statement of proposals (2018-07-20) · Companies House register