For the period ending 31 July 2023 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
Directors Comments
We have decided to change the accounting period year end as we made a strategic decision to completely change the direction of the company and move away from property sourcing and become a property investment firm.
July 2023 was the last month that we acted as a property sourcing company, so it was fitting that we close the year off early to reflect the change in business. Since then we have developed the business into a multi-tier investment firm centred around government funded housing providers for assisted living within the UK. We buy, lease and develop properties in the UK for the long term use by the housing providers and as such offer our invested clients healthy returns.
The rate of growth has been significant and we are forecasting a turnover in excess of £12 million by the end of the next financial period, whilst increasing our asset base.
We have raised in excess of £7 million to date and have over 500 satisfied investor clients. Important to note that as an unregulated investment business we adhere to and follow all FCA requirements and guidelines in order to operate correctly in the UK.
The financial statements were approved by the board of directors on 3 October 2024 and were signed on its behalf by:
Christian Woollard