FOCUS HOMES NORTH EAST LIMITED

Company Registration Number:
12187640 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FOCUS HOMES NORTH EAST LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FOCUS HOMES NORTH EAST LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 235,000 235,000
Total fixed assets: 235,000 235,000
Current assets
Cash at bank and in hand: 2,573 3,955
Total current assets: 2,573 3,955
Creditors: amounts falling due within one year: 4 (13,572) (70,325)
Net current assets (liabilities): (10,999) (66,370)
Total assets less current liabilities: 224,001 168,630
Creditors: amounts falling due after more than one year: 5 (173,619) (121,837)
Provision for liabilities: (8,216) (8,216)
Total net assets (liabilities): 42,166 38,577
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 42,146 38,557
Shareholders funds: 42,166 38,577

The notes form part of these financial statements

FOCUS HOMES NORTH EAST LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 October 2024
and signed on behalf of the board by:

Name: Barry Butler
Status: Director

The notes form part of these financial statements

FOCUS HOMES NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents income from services rendered during the year.

Other accounting policies

The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. For non-depreciable assets measured using the revaluation model and investment properties measured at fair value (except investment property with a limited useful life held by the company to consume substantially all of its economic benefit), deferred tax is measured using the tax rates and allowances that apply to the sale of the asset or property.

FOCUS HOMES NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

FOCUS HOMES NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed investments

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which incluse the purchase cost and any directly attributable expenditure. Subsequently it is measure at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

FOCUS HOMES NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Trade creditors £756 (2023 - £660) Taxation and social security costs £130 (2023 - £NIL) Other creditors £12,686 (2023 - £69,665)

FOCUS HOMES NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Bank loans £173,619 (2023 - £121,837)