MY SPACE HOUSING SOLUTIONS

Company limited by guarantee

Company Registration Number:
08257055 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

MY SPACE HOUSING SOLUTIONS

Contents of the Financial Statements

for the Period Ended 31 October 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MY SPACE HOUSING SOLUTIONS

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

Principal activity is as a provider of high-quality supported housing and specialised supported housing to vulnerable adults.

Additional information

Chairmans introductory statement



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Dale Milne
Garry Lee
Stuart Fitzgerald
Simon Millington
John Simms
Stephen McDermott


The director shown below has held office during the period of
1 November 2022 to 24 April 2023

John Manning


The director shown below has held office during the period of
1 November 2022 to 27 January 2023

Peter Lynch


The director shown below has held office during the period of
1 November 2022 to 18 January 2023

Kimberley Beswick


The director shown below has held office during the period of
1 November 2022 to 11 November 2022

Carl McCready


The director shown below has held office during the period of
2 March 2023 to 9 August 2023

Mark Grant


The director shown below has held office during the period of
16 November 2022 to 5 September 2023

Joy Wong


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2024

And signed on behalf of the board by:
Name: Stuart Fitzgerald
Status: Director

MY SPACE HOUSING SOLUTIONS

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 27,490,529 32,771,598
Cost of sales: ( 27,120,155 ) ( 29,203,510 )
Gross profit(or loss): 370,374 3,568,088
Administrative expenses: ( 7,560,286 ) ( 18,416,589 )
Operating profit(or loss): (7,189,912) (14,848,501)
Interest payable and similar charges: ( 1,651,223 ) ( 1,326,308 )
Profit(or loss) before tax: (8,841,135) (16,174,809)
Profit(or loss) for the financial year: (8,841,135) (16,174,809)

MY SPACE HOUSING SOLUTIONS

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 24,891,244 25,356,910
Total fixed assets: 24,891,244 25,356,910
Current assets
Stocks: 4 0 1,000
Debtors: 5 3,426,137 4,164,052
Cash at bank and in hand: 1,308,617 1,489,369
Total current assets: 4,734,754 5,654,421
Creditors: amounts falling due within one year: 6 ( 27,202,676 ) ( 21,084,586 )
Net current assets (liabilities): (22,467,922) (15,430,165)
Total assets less current liabilities: 2,423,322 9,926,745
Creditors: amounts falling due after more than one year: 7 ( 28,648,478 ) ( 27,443,577 )
Provision for liabilities: ( 609,187 ) ( 476,376 )
Total net assets (liabilities): (26,834,343) (17,993,208)
Members' funds
Profit and loss account: (26,834,343) ( 17,993,208)
Total members' funds: ( 26,834,343) (17,993,208)

The notes form part of these financial statements

MY SPACE HOUSING SOLUTIONS

Balance sheet statements

For the year ending 31 October 2023 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.

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

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Stuart Fitzgerald
Status: Director

The notes form part of these financial statements

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    F&F - 50% SL Office furniture and equipment - 20% SL IT Equipment - 33% SL Leasehold Improvements - over the of the lease length SL Housing Properties - 2.5% SL

    Other accounting policies

    Dilapidations Impairment of debtors Income and Endowments Donations and legacies Other trading activities Raising Funds Charitable activities Expenditure Governance costs Grant provisions Irrecoverable VAT Taxation Tangible fixed assets Depreciation and amortisation Investment developments Stock Trade Debtors Cash and cash equivalents Trade creditors Borrowings Provisions Fund structure HP and finance lease Pensions and post retirement obligations Financial Instruments

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 195 258

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 24,936,960 6,277,545 19,249 80,027 31,313,781
Additions 42,768 217,942 0 1,591 262,301
Disposals
Revaluations
Transfers
At 31 October 2023 24,979,728 6,495,487 19,249 81,618 31,576,082
Depreciation
At 1 November 2022 229,074 5,638,256 17,642 71,899 5,956,871
Charge for year 232,451 485,648 1,607 8,261 727,967
On disposals
Other adjustments
At 31 October 2023 461,525 6,123,904 19,249 80,160 6,684,838
Net book value
At 31 October 2023 24,518,203 371,583 0 1,458 24,891,244
At 31 October 2022 24,707,886 639,289 1,607 8,128 25,356,910

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Stocks

2023 2022
£ £
Stocks 0 1,000
Total 0 1,000

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,641,274 3,382,266
Prepayments and accrued income 651,857 494,265
Other debtors 133,006 287,521
Total 3,426,137 4,164,052

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 475,264 3,928,619
Amounts due under finance leases and hire purchase contracts 609,052 1,195,198
Trade creditors 24,447,762 14,169,022
Taxation and social security 80,098 1,246,596
Accruals and deferred income 1,590,500 545,151
Total 27,202,676 21,084,586

MY SPACE HOUSING SOLUTIONS

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 25,081,934 24,353,147
Other creditors 3,566,544 3,090,430
Total 28,648,478 27,443,577