Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12462864 Mr Stephen Johnathan James Mr Navid Sobhani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12462864 2023-02-28 12462864 2024-02-29 12462864 2023-03-01 2024-02-29 12462864 frs-core:CurrentFinancialInstruments 2024-02-29 12462864 frs-core:Non-currentFinancialInstruments 2024-02-29 12462864 frs-core:BetweenOneFiveYears 2024-02-29 12462864 frs-core:FurnitureFittings 2024-02-29 12462864 frs-core:FurnitureFittings 2023-03-01 2024-02-29 12462864 frs-core:FurnitureFittings 2023-02-28 12462864 frs-core:MotorVehicles 2024-02-29 12462864 frs-core:MotorVehicles 2023-03-01 2024-02-29 12462864 frs-core:MotorVehicles 2023-02-28 12462864 frs-core:ShareCapital 2024-02-29 12462864 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12462864 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12462864 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12462864 frs-bus:SmallEntities 2023-03-01 2024-02-29 12462864 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12462864 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12462864 frs-bus:Director1 2023-03-01 2024-02-29 12462864 frs-bus:Director2 2023-03-01 2024-02-29 12462864 frs-countries:EnglandWales 2023-03-01 2024-02-29 12462864 2022-02-28 12462864 2023-02-28 12462864 2022-03-01 2023-02-28 12462864 frs-core:CurrentFinancialInstruments 2023-02-28 12462864 frs-core:Non-currentFinancialInstruments 2023-02-28 12462864 frs-core:BetweenOneFiveYears 2023-02-28 12462864 frs-core:ShareCapital 2023-02-28 12462864 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 12462864
My Housing Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
DRP Partners Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12462864
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,489 102,722
79,489 102,722
CURRENT ASSETS
Debtors 5 316,835 363,729
Cash at bank and in hand 54,288 1,579
371,123 365,308
Creditors: Amounts Falling Due Within One Year 6 (88,563 ) (65,086 )
NET CURRENT ASSETS (LIABILITIES) 282,560 300,222
TOTAL ASSETS LESS CURRENT LIABILITIES 362,049 402,944
Creditors: Amounts Falling Due After More Than One Year 7 (129,551 ) (150,191 )
NET ASSETS 232,498 252,753
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 232,398 252,653
SHAREHOLDERS' FUNDS 232,498 252,753
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For the year ending 29 February 2024 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.
On behalf of the board
Mr Stephen Johnathan James
Director
23/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
My Housing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12462864 . The registered office is Dukes Court, 91 Wellington Street, Luton, LU1 5AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover represents rents receivable.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on Reducing Balance
Fixtures & Fittings 25% on Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 128,280 10,175 138,455
Additions - 2,448 2,448
As at 29 February 2024 128,280 12,623 140,903
Depreciation
As at 1 March 2023 32,070 3,663 35,733
Provided during the period 24,053 1,628 25,681
As at 29 February 2024 56,123 5,291 61,414
Net Book Value
As at 29 February 2024 72,157 7,332 79,489
As at 1 March 2023 96,210 6,512 102,722
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 211,530 298,651
Other debtors 105,305 65,078
316,835 363,729
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,162 4,070
Other creditors 7,456 22,684
Taxation and social security 76,945 38,332
88,563 65,086
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 93,650 109,048
Bank loans 35,901 41,143
129,551 150,191
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 93,650 109,048
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in other creditors is an amount of £208 (2023: £17,024) owed to the directors. The amount is interest free and repayable on demand.
Included in other debtors is an amount of £92,690 owed to related companies with common directors. The amount is interest free and repayable on demand.
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