IRIS Accounts Production v24.2.0.383 03823053 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038230532023-03-31038230532024-03-31038230532023-04-012024-03-31038230532022-03-31038230532022-04-012023-03-31038230532023-03-3103823053ns15:EnglandWales2023-04-012024-03-3103823053ns14:PoundSterling2023-04-012024-03-3103823053ns10:Director12023-04-012024-03-3103823053ns10:Director22023-04-012024-03-3103823053ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103823053ns10:SmallEntities2023-04-012024-03-3103823053ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103823053ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103823053ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103823053ns10:FullAccounts2023-04-012024-03-3103823053ns5:CurrentFinancialInstruments2024-03-3103823053ns5:CurrentFinancialInstruments2023-03-3103823053ns5:ShareCapital2024-03-3103823053ns5:ShareCapital2023-03-3103823053ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3103823053ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3103823053ns5:RetainedEarningsAccumulatedLosses2024-03-3103823053ns5:RetainedEarningsAccumulatedLosses2023-03-3103823053ns10:RegisteredOffice2023-04-012024-03-3103823053ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103823053ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03823053 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

P.I.A. HOUSING LIMITED

P.I.A. HOUSING LIMITED (REGISTERED NUMBER: 03823053)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


P.I.A. HOUSING LIMITED (REGISTERED NUMBER: 03823053)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,034,907 1,034,907

CURRENT ASSETS
Debtors 5 671 142
Cash at bank 94,945 59,929
95,616 60,071
CREDITORS
Amounts falling due within one year 6 301,576 243,301
NET CURRENT LIABILITIES (205,960 ) (183,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,947

851,677

PROVISIONS FOR LIABILITIES 84,505 65,695
NET ASSETS 744,442 785,982

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 379,068 379,068
Retained earnings 365,274 406,814
744,442 785,982

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 directors acknowledge their 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.

P.I.A. HOUSING LIMITED (REGISTERED NUMBER: 03823053)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mr A D Woodhouse - Director



Mr I F J Woodhouse - Director


P.I.A. HOUSING LIMITED (REGISTERED NUMBER: 03823053)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P.I.A. Housing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03823053

Registered office: 7 Marconi Gate
Stafford
Staffordshire
ST18 0FZ

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.

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 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).

P.I.A. HOUSING LIMITED (REGISTERED NUMBER: 03823053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,034,907
NET BOOK VALUE
At 31 March 2024 1,034,907
At 31 March 2023 1,034,907

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 345,763
Valuation in 2023 99,000
Cost 590,144
1,034,907

It is the directors' opinion that the market value of the investment properties has increased during the year and this has been reflected in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 527 -
Other debtors 144 142
671 142

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 40
Taxation and social security 8,306 8,227
Other creditors 293,270 235,034
301,576 243,301