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REGISTERED NUMBER: 09331026 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Choice Housing Limited

Choice Housing Limited (Registered number: 09331026)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Choice Housing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R W Mellors
Miss A E Mellors





REGISTERED OFFICE: Turbine Business Centre
Coach Close
Shireoaks
Worksop
Nottinghamshire
S81 8AP





REGISTERED NUMBER: 09331026 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Choice 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 Statement of Financial Position. 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 Choice Housing Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Choice 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 Choice Housing Limited and state those matters that we have agreed to state to the Board of Directors of Choice 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 Choice Housing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Choice 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 Choice Housing Limited. You consider that Choice 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 Choice 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


8 November 2023

Choice Housing Limited (Registered number: 09331026)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,274 1,213
Investment property 5 175,765 110,000
177,039 111,213

CURRENT ASSETS
Debtors 6 83,339 78,937
Cash at bank 6,290 35,649
89,629 114,586
CREDITORS
Amounts falling due within one year 7 63,950 67,564
NET CURRENT ASSETS 25,679 47,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,718

158,235

CREDITORS
Amounts falling due after more than one
year

8

(22,435

)

(32,387

)

PROVISIONS FOR LIABILITIES (6,492 ) (4,030 )
NET ASSETS 173,791 121,818

RESERVES
Fair value reserve 9 18,750 16,200
Income and expenditure account 155,041 105,618
173,791 121,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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.

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 8 November 2023 and were signed on its behalf by:




R W Mellors - Director


Choice Housing Limited (Registered number: 09331026)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Choice Housing Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

Choice Housing Limited (Registered number: 09331026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,316 1,778 1,739 9,833
Additions - - 380 380
At 31 March 2023 6,316 1,778 2,119 10,213
DEPRECIATION
At 1 April 2022 6,316 1,643 661 8,620
Charge for year - 34 285 319
At 31 March 2023 6,316 1,677 946 8,939
NET BOOK VALUE
At 31 March 2023 - 101 1,173 1,274
At 31 March 2022 - 135 1,078 1,213

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 110,000
Additions 60,765
Revaluations 5,000
At 31 March 2023 175,765
NET BOOK VALUE
At 31 March 2023 175,765
At 31 March 2022 110,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 20,000
Valuation in 2023 5,000
Cost 150,765
175,765

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 150,765 90,000

Investment property was valued on an open market basis on 31 March 2023 by the director. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,323 69,656
Other debtors 12,016 9,281
83,339 78,937

Choice Housing Limited (Registered number: 09331026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,952 9,707
Trade creditors 23,069 13,631
Taxation and social security 11,601 9,068
Other creditors 19,328 35,158
63,950 67,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 22,435 32,387

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 16,200
Property revaluation 5,000
Deferred tax movement (2,450 )

At 31 March 2023 18,750