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Kush Housing Service Ltd |
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Registered number: |
13875847 |
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Abridged Balance Sheet |
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as at 30 June 2023 |
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Notes |
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2023 |
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£ |
£ |
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Fixed assets |
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Tangible assets |
3 |
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760,531 |
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Current assets |
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Debtors |
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561 |
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Cash at bank and in hand |
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8,453 |
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9,014 |
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Creditors: amounts falling due within one year |
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(7,592) |
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Net current assets |
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1,422 |
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Total assets less current liabilities |
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761,953 |
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Creditors: amounts falling due after more than one year |
4 & 5 |
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(775,359) |
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Net liabilities |
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(13,406) |
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Capital and reserves |
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Called up share capital |
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10 |
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Profit and loss account |
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(13,416) |
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Shareholders' funds |
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(13,406) |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
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Sangita Pandya |
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Director |
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Approved by the board on 24 October 2023 |
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Kush Housing Service Ltd |
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Notes to the Abridged Accounts |
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for the period from 27 January 2022 to 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover consists of rental income and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings at rates calculated to write off the cost, less estimated residual value of each asset evenly over its expected useful life as follows: |
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Freehold land & buildings |
- |
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Furniture & equipment |
over 3 years |
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The nature of the Company's business requires that freehold property is maintained in good order throughout its life . The Company's policy is to meet the related costs as they arise and on this basis, it is the Company's policy not to charge deprecation for such assets. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Tangible fixed assets |
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Total |
£ |
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Cost |
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Additions |
761,062 |
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At 30 June 2023 |
761,062 |
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Depreciation |
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Charge for the period |
531 |
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At 30 June 2023 |
531 |
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Net book value |
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At 30 June 2023 |
760,531 |
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4 |
Loans |
2023 |
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£ |
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Creditors include: |
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Mortgage loan |
481,416 |
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The mortgage is secured on freehold property of the Company. |
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5 |
Related party transactions |
2023 |
£ |
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The Company has received loans from Ashrey Care Ltd, a company which is controlled by the Director. There are no specific terms of repayment and interest is not charged. The balance at the year/period end was: |
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290,467 |
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6 |
Controlling party |
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The Company is controlled by the Director who holds all shares in the Company. |
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7 |
Other information |
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Kush Housing Service Ltd is a private company limited by shares and incorporated in England. Its registered office is: 96 Carmelite Road Harrow Middx HA3 5LS. |