Arhag Annual Report 2019/2020

The accounts were approved by the Board on 24th September 2020 and signed on their behalf by: Qadeer Kiani David Maitland Rachelle Beltran Arhag Board Chair Chair of the Audit and Risk Committee Company Secretary Balance sheet as at 31 March 2020 Notes 2020 (£’000) 2019 (£’000) Fixed assets: Tangible fixed assets – housing properties 6a 74,323 76,181 Tangible fixed assets – other 6b 5,110 3,725 79,433 79,906 Current assets: Properties for sale 8 - 966 Debtors 9 766 580 Cash and cash equivalents 10 3,063 3,723 3,829 5,269 Creditors: amounts falling due within one year 11 (2,472) (3,393) Net current assets 1,357 1,876 Total assets less current liabilities 80,790 81,782 Creditors: amounts falling due after more than one year 12 (60,887) (62,665) 19,903 19,117 Reserves: Called-up share capital 15 - - Revenue reserves 16 19,903 19,117 - 19,903 19,117 36 Arhag