Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312022-11-01falsefalse2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2 13712564 2022-11-01 2024-01-31 13712564 2021-10-29 2022-10-31 13712564 2024-01-31 13712564 2022-10-31 13712564 c:Director2 2022-11-01 2024-01-31 13712564 d:FreeholdInvestmentProperty 2022-11-01 2024-01-31 13712564 d:FreeholdInvestmentProperty 2024-01-31 13712564 d:FreeholdInvestmentProperty 2022-10-31 13712564 d:CurrentFinancialInstruments 2024-01-31 13712564 d:CurrentFinancialInstruments 2022-10-31 13712564 d:Non-currentFinancialInstruments 2024-01-31 13712564 d:Non-currentFinancialInstruments 2022-10-31 13712564 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13712564 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13712564 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13712564 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 13712564 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 13712564 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 13712564 d:ShareCapital 2024-01-31 13712564 d:ShareCapital 2022-10-31 13712564 d:RetainedEarningsAccumulatedLosses 2024-01-31 13712564 d:RetainedEarningsAccumulatedLosses 2022-10-31 13712564 c:FRS102 2022-11-01 2024-01-31 13712564 c:AuditExempt-NoAccountantsReport 2022-11-01 2024-01-31 13712564 c:FullAccounts 2022-11-01 2024-01-31 13712564 c:PrivateLimitedCompanyLtd 2022-11-01 2024-01-31 13712564 e:PoundSterling 2022-11-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13712564









NATIONAL HOUSING GROUP 1 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
NATIONAL HOUSING GROUP 1 LIMITED
REGISTERED NUMBER: 13712564

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

31 January
31 October
2024
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,690,032
1,666,556

  
1,690,032
1,666,556

  

Creditors: amounts falling due within one year
 5 
(726,016)
(765,919)

Net current liabilities
  
 
 
(726,016)
 
 
(765,919)

Total assets less current liabilities
  
964,016
900,637

Creditors: amounts falling due after more than one year
 6 
(949,219)
(949,219)

  

Net assets/(liabilities)
  
14,797
(48,582)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
14,697
(48,682)

  
14,797
(48,582)


Page 1

 
NATIONAL HOUSING GROUP 1 LIMITED
REGISTERED NUMBER: 13712564
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 November 2024.




S B Wasserman
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
NATIONAL HOUSING GROUP 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

National Housing Group 1 Limited is a private company limited limited by shares and incorporated in England & Wales (registered number 13712564). The registered office is 2nd Floor, Gadd House, Arcadia Avenue, London, United Kingdom, N3 2JU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
NATIONAL HOUSING GROUP 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Investment property





Freehold investment property

£



Valuation


At 1 November 2022
1,666,556


Additions at cost
23,476



At 31 January 2024
1,690,032

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

31 January
31 October
2024
2022
£
£


Historic cost
1,690,032
1,670,647

1,690,032
1,670,647

Page 4

 
NATIONAL HOUSING GROUP 1 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

5.


Creditors: Amounts falling due within one year

31 January
31 October
2024
2022
£
£

Amounts owed to group undertakings
713,720
765,169

Corporation tax
10,506
-

Other creditors
940
-

Accruals and deferred income
850
750

726,016
765,919



6.


Creditors: Amounts falling due after more than one year

31 January
31 October
2024
2022
£
£

Other loans
949,219
949,219

949,219
949,219



7.


Loans


Analysis of the maturity of loans is given below:


31 January
31 October
2024
2022
£
£



Amounts falling due 2-5 years

Other loans
949,219
949,219


949,219
949,219


949,219
949,219



8.


Related party transactions

At the year end the company owed £333,551 (2023: £378,100) to a company under the common control of the directors.

 
Page 5