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REGISTERED NUMBER: 08889125 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

ST JUST HOUSING LIMITED

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ST JUST HOUSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: A R Bayford
Mrs J Standeven





REGISTERED OFFICE: 5 High Green
Great Shelford
Cambridgeshire
CB22 5EG





REGISTERED NUMBER: 08889125 (England and Wales)





ACCOUNTANTS: Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,128,986 13,235,171

CURRENT ASSETS
Debtors 5 22,544 11,963
Cash at bank and in hand 4,451,720 1,309,693
4,474,264 1,321,656
CREDITORS
Amounts falling due within one year 6 64,220 766,830
NET CURRENT ASSETS 4,410,044 554,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,539,030

13,789,997

CREDITORS
Amounts falling due after more than one
year

7

(14,592,365

)

(11,032,051

)

PROVISIONS FOR LIABILITIES (358,369 ) (346,704 )
NET ASSETS 2,588,296 2,411,242

CAPITAL AND RESERVES
Called up share capital 8 100 1
Undistributable reserves 1,992,518 1,992,518
Retained earnings 595,678 418,723
SHAREHOLDERS' FUNDS 2,588,296 2,411,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

BALANCE SHEET - continued
28TH FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th October 2023 and were signed on its behalf by:




A R Bayford - Director



Mrs J Standeven - Director


ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

St Just Housing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced income from residential rental property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property- 4% on cost
Plant and machinery- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st March 2022 13,077,000 175,956 1,417
Additions - 6,060 1,599
Disposals (151,799 ) - -
At 28th February 2023 12,925,201 182,016 3,016
DEPRECIATION
At 1st March 2022 - 28,523 1,176
Charge for year - 7,108 155
At 28th February 2023 - 35,631 1,331
NET BOOK VALUE
At 28th February 2023 12,925,201 146,385 1,685
At 28th February 2022 13,077,000 147,433 241

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1st March 2022 24,556 - 13,278,929
Additions 1,886 47,970 57,515
Disposals - - (151,799 )
At 28th February 2023 26,442 47,970 13,184,645
DEPRECIATION
At 1st March 2022 14,059 - 43,758
Charge for year 2,240 2,398 11,901
At 28th February 2023 16,299 2,398 55,659
NET BOOK VALUE
At 28th February 2023 10,143 45,572 13,128,986
At 28th February 2022 10,497 - 13,235,171

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28th February 2023 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2017 597,320 - -
Valuation in 2022 1,741,901 - -
Cost 10,585,980 182,016 3,016
12,925,201 182,016 3,016

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2017 - - 597,320
Valuation in 2022 - - 1,741,901
Cost 26,442 47,970 10,845,424
26,442 47,970 13,184,645

The relevaluation of investment properties was undertaken by a professional valuer in January 2022 at £13,077,000 on the basis of market value in accordance with RICS appraisal and valuation standards. It is the directors opinion that the market value of all properties owned by St Just Housing Limited will not have materially changed since this date as at 28th February 2023. All properties purchased by the company since January 2022 are included at cost on the same basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,369 9,596
Other debtors 6,000 -
Prepayments and accrued income 4,175 2,367
22,544 11,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 664,890
Trade creditors 3,951 -
Social security and other taxes 35,040 83,259
Other creditors 1,372 929
Directors' loan accounts 10,000 10,000
Accrued expenses 13,857 7,752
64,220 766,830

ST JUST HOUSING LIMITED (REGISTERED NUMBER: 08889125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,570,000 2,000,000
Directors' loan accounts 11,022,365 9,032,051
14,592,365 11,032,051

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 1

99 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ST JUST HOUSING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of St Just Housing Limited for the year ended 28th February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of St Just Housing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of St Just Housing Limited and state those matters that we have agreed to state to the Board of Directors of St Just Housing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Just Housing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that St Just Housing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of St Just Housing Limited. You consider that St Just Housing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of St Just Housing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG


19th October 2023