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REGISTERED NUMBER: 13243138 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MS COMMUNITY HOUSING LTD

MS COMMUNITY HOUSING LTD (REGISTERED NUMBER: 13243138)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MS COMMUNITY HOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M V Santhiapillai





REGISTERED OFFICE: First Floor Leegate House
Burnt Ash Road
London
London
SE12 8RG





REGISTERED NUMBER: 13243138 (England and Wales)





AUDITORS: Edwards Chartered Accountants
Statutory Auditor
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

MS COMMUNITY HOUSING LTD (REGISTERED NUMBER: 13243138)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,742,686 1,480,401

CURRENT ASSETS
Debtors 5 1 1

CREDITORS
Amounts falling due within one year 6 1,527,704 1,526,727
NET CURRENT LIABILITIES (1,527,703 ) (1,526,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,214,983

(46,325

)

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 1,292,743 -
Retained earnings (77,761 ) (46,326 )
1,214,983 (46,325 )

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2024 and were signed by:





M V Santhiapillai - Director


MS COMMUNITY HOUSING LTD (REGISTERED NUMBER: 13243138)

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

1. STATUTORY INFORMATION

MS Community Housing Ltd 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

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

3. EMPLOYEES AND DIRECTORS

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

MS COMMUNITY HOUSING LTD (REGISTERED NUMBER: 13243138)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2023 1,522,971
Revaluations 1,292,743
At 31 March 2024 2,815,714
DEPRECIATION
At 1 April 2023 42,570
Charge for year 30,458
At 31 March 2024 73,028
NET BOOK VALUE
At 31 March 2024 2,742,686
At 31 March 2023 1,480,401

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2024 1,292,743
Cost 1,522,971
2,815,714

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,522,971 -
Aggregate depreciation (73,028 ) -

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1 1

MS COMMUNITY HOUSING LTD (REGISTERED NUMBER: 13243138)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,526,924 1,525,947
Other creditors 780 780
1,527,704 1,526,727

7. RESERVES
Revaluation
reserve
£   
Arising in the year 1,292,743

At 31 March 2024 1,292,743

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Duggan (Senior Statutory Auditor)
for and on behalf of Edwards Chartered Accountants

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M V Santhiapillai.