Company Registration No. 11521033 (England and Wales)
Utopia Housing Holdings Ltd
Unaudited accounts
for the year ended 31 August 2023
Utopia Housing Holdings Ltd
Unaudited accounts
Contents
Utopia Housing Holdings Ltd
Company Information
for the year ended 31 August 2023
Director
Lauren Michelle Mercurius-taylor
Company Number
11521033 (England and Wales)
Registered Office
English Room The Old Free School
George Street
Watford
WD18 0BX
England
Accountants
PSUCHI ASSOCIATES LTD
Unit 8 East Lane Business Estate
Osram Road
Wembley
HA9 7NG
Utopia Housing Holdings Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
3,275,000
2,519,174
Debtors
1,302,780
1,051,068
Cash at bank and in hand
53,389
38
Creditors: amounts falling due within one year
(337,521)
(416,113)
Net current assets
1,018,648
634,993
Total assets less current liabilities
4,293,648
3,154,167
Creditors: amounts falling due after more than one year
(2,509,182)
(2,377,429)
Provisions for liabilities
Net assets
1,595,510
776,738
Called up share capital
1
1
Profit and loss account
1,595,509
776,737
Shareholders' funds
1,595,510
776,738
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Lauren Michelle Mercurius-taylor
Director
Company Registration No. 11521033
Utopia Housing Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2023
Utopia Housing Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11521033. The registered office is English Room The Old Free School, George Street, Watford, WD18 0BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 1 September 2022
2,519,174
At 31 August 2023
3,275,000
At 31 August 2023
3,275,000
At 31 August 2022
2,519,174
Utopia Housing Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
5,154
275,884
Amounts due from group undertakings etc.
520,573
730,699
Accrued income and prepayments
16,153
16,153
Other debtors
30,201
28,332
Amounts falling due after more than one year
Amounts due from group undertakings etc.
730,699
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
65,707
-
Taxes and social security
141,957
139,380
Loans from directors
125,258
238,923
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,065,498
1,933,745
Other creditors
443,684
443,684
8
Deferred taxation
2023
2022
Revaluation of land and buildings
188,956
-
Charged to the profit and loss account
188,956
-
Provision at end of year
188,956
-
9
Transactions with related parties
The company has lend money to the company in Barbados £730,699, where the directors are common.
There is outstanding balance of £470,572 (£275,793 - 2022) from a sister company Utopia Supported Housing Ltd where director and share holder are same.
Utopia Housing Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2023
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).