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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
Page
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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
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Utopia Housing Holdings Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,275,000 
2,519,174 
Current assets
Debtors
1,302,780 
1,051,068 
Cash at bank and in hand
53,389 
38 
1,356,169 
1,051,106 
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
Deferred tax
(188,956)
- 
Net assets
1,595,510 
776,738 
Capital and reserves
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
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Utopia Housing Holdings Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At valuation 
At 1 September 2022
2,519,174 
Revaluations
755,826 
At 31 August 2023
3,275,000 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
3,275,000 
At 31 August 2022
2,519,174 
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Utopia Housing Holdings Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
572,081 
1,051,068 
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 
- 
Trade creditors
- 
32,550 
Taxes and social security
141,957 
139,380 
Other creditors
- 
5,260 
Loans from directors
125,258 
238,923 
Accruals
4,599 
- 
337,521 
416,113 
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 
2,509,182 
2,377,429 
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of land and buildings
188,956 
- 
2023 
2022 
£ 
£ 
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.
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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).
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