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REGISTERED NUMBER: 07416289 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Housing Lin Ltd

Housing Lin Ltd (Registered number: 07416289)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Housing Lin Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M J C Porteus
S Beech





REGISTERED OFFICE: 21 Summer Street
Stroud
Glos
GL5 1NX





REGISTERED NUMBER: 07416289 (England and Wales)





ACCOUNTANTS: Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Housing Lin Ltd


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 Housing Lin Ltd for the year ended 31 March 2024 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 Housing Lin Ltd, as a body, in accordance with the terms of our engagement letter dated 20 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Housing Lin Ltd and state those matters that we have agreed to state to the Board of Directors of Housing Lin Ltd, 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 Housing Lin Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Housing Lin Ltd 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 Housing Lin Ltd. You consider that Housing Lin Ltd 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 Housing Lin Ltd. 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.






Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS


25 July 2024

Housing Lin Ltd (Registered number: 07416289)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,876 73,387

CURRENT ASSETS
Debtors 5 16,471 31,829
Cash at bank 321,899 259,316
338,370 291,145
CREDITORS
Amounts falling due within one year 6 58,436 38,708
NET CURRENT ASSETS 279,934 252,437
TOTAL ASSETS LESS CURRENT LIABILITIES 341,810 325,824

CREDITORS
Amounts falling due after more than one
year

7

(935

)

(6,547

)

PROVISIONS FOR LIABILITIES (9,868 ) (9,687 )
NET ASSETS 331,007 309,590

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 330,007 308,590
SHAREHOLDERS' FUNDS 331,007 309,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Housing Lin Ltd (Registered number: 07416289)

Balance Sheet - continued
31 March 2024


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 25 July 2024 and were signed on its behalf by:




S Beech - Director



M J C Porteus - Director


Housing Lin Ltd (Registered number: 07416289)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Housing Lin Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Housing Lin Ltd (Registered number: 07416289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Office Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 22,404 14,395 73,415 110,214
Additions - 1,649 - 1,649
At 31 March 2024 22,404 16,044 73,415 111,863
DEPRECIATION
At 1 April 2023 - 9,969 26,858 36,827
Charge for year - 1,521 11,639 13,160
At 31 March 2024 - 11,490 38,497 49,987
NET BOOK VALUE
At 31 March 2024 22,404 4,554 34,918 61,876
At 31 March 2023 22,404 4,426 46,557 73,387

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 28,060
DEPRECIATION
At 1 April 2023 7,015
Charge for year 5,261
At 31 March 2024 12,276
NET BOOK VALUE
At 31 March 2024 15,784
At 31 March 2023 21,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,000 28,200
Other debtors 1,471 3,629
16,471 31,829

Housing Lin Ltd (Registered number: 07416289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,612 5,612
Trade creditors 563 1,218
Taxation and social security 42,289 23,189
Other creditors 9,972 8,689
58,436 38,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 935 6,547

8. RELATED PARTY DISCLOSURES

As at 31 March 2024, the company had a balance of £662 (31.3.23 - (£2579)) due to Housing Lin Enterprises Ltd, a company in which the directors own 100% of the share capital.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M J C Porteus and Mrs S Beech, by virtue of their holding 100% of the issued share capital.