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REGISTERED NUMBER: 11107850 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ETHOS HOMES LIMITED

ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETHOS HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Andreas Kyprianou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 11107850 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,757,646 1,789,232

CURRENT ASSETS
Debtors 5 2,219 1,317
Cash at bank 213,346 53,333
215,565 54,650
CREDITORS
Amounts falling due within one year 6 1,467,097 869,437
NET CURRENT LIABILITIES (1,251,532 ) (814,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,506,114

974,445

CREDITORS
Amounts falling due after more than one
year

7

1,511,779

973,481
NET (LIABILITIES)/ASSETS (5,665 ) 964

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (5,765 ) 864
SHAREHOLDERS' FUNDS (5,665 ) 964

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 director acknowledges his 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.

ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mr Andreas Kyprianou - Director


ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ethos Homes Limited 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 represents amounts derived from the provision of services to landlords and customers and from rents charged to tenants during the year, and is recognised at the date the service was provided or at the date the rental period occurred.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,789,232
Additions 968,414
At 31 March 2024 2,757,646
NET BOOK VALUE
At 31 March 2024 2,757,646
At 31 March 2023 1,789,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Prepayments 2,219 1,317

ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

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
£    £   
Bank loans and overdrafts (see note 8) 70,584 23,981
Trade creditors 6,800 3,144
Other creditors 24,425 7,250
Amounts due to related parties 1,363,848 833,622
Accrued expenses 1,440 1,440
1,467,097 869,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 1,511,779 973,481

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,228,274 877,558

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 70,584 23,981

Amounts falling due between one and two years:
Bank loans - 1-2 years 70,584 23,981

Amounts falling due between two and five years:
Bank loans - 2-5 years 212,921 71,942

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,228,274 877,558

ETHOS HOMES LIMITED (REGISTERED NUMBER: 11107850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary shares £1 100 100