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REGISTERED NUMBER: 05008207 (England and Wales)















Financial Statements

for the Year Ended 31 January 2024

for

THE HOUSING REVIEWS LIMITED

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HOUSING REVIEWS LIMITED

Company Information
for the year ended 31 January 2024







Director: Mr M Perdios





Secretary: Mrs L R Perdios





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 05008207 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 68,799 3,412

Current assets
Debtors 5 255,276 140,714
Cash at bank 26,666 69,877
281,942 210,591
Creditors
Amounts falling due within one year 6 90,714 53,985
Net current assets 191,228 156,606
Total assets less current liabilities 260,027 160,018

Creditors
Amounts falling due after more than one year 7 (23,933 ) (29,146 )

Provisions for liabilities (1,194 ) (853 )
Net assets 234,900 130,019

Capital and reserves
Called up share capital 8 100 100
Retained earnings 234,800 129,919
Shareholders' funds 234,900 130,019

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

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

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





Mr M Perdios - Director


THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

The Housing Reviews 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditor are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are integral part of the company’s cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 2 (2023 - 2 ) .

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
Cost
At 1 February 2023 - 3,534 4,651 8,185
Additions 64,023 - 1,935 65,958
At 31 January 2024 64,023 3,534 6,586 74,143
Depreciation
At 1 February 2023 - 3,400 1,373 4,773
Charge for year - 33 538 571
At 31 January 2024 - 3,433 1,911 5,344
Net book value
At 31 January 2024 64,023 101 4,675 68,799
At 31 January 2023 - 134 3,278 3,412

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 26,922 22,104
Other debtors 228,354 118,610
255,276 140,714

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 5,469 5,588
Trade creditors 1,429 1,170
Taxation and social security 82,313 45,727
Other creditors 1,503 1,500
90,714 53,985

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 23,933 29,146

Bank loan is secured via a floating charge over the companies assets.

THE HOUSING REVIEWS LIMITED (REGISTERED NUMBER: 05008207)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr M Perdios
Balance outstanding at start of year 88,066 54,269
Amounts advanced 131,366 81,297
Amounts repaid (48,193 ) (47,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 171,239 88,066