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REGISTERED NUMBER: 10888830 (England and Wales)










RIGHT HOUSING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

RIGHT HOUSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms N Kamal
C R Rogers
Mrs C Rogers





SECRETARY:





REGISTERED OFFICE: Shirley Road 720 Shirley Road
Hall Green
Birmingham
West Midlands
B28 9LF





REGISTERED NUMBER: 10888830 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,626 2,650
Investments 5 1,998,131 1,998,131
Investment property 6 665,395 352,667
2,686,152 2,353,448

CURRENT ASSETS
Debtors 7 300 146,471
Cash at bank 17,758 31,060
18,058 177,531
CREDITORS
Amounts falling due within one year 8 (918,724 ) (668,999 )
NET CURRENT LIABILITIES (900,666 ) (491,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,785,486

1,861,980

CREDITORS
Amounts falling due after more than one year 9 (1,531,205 ) (1,514,699 )
NET ASSETS 254,281 347,281

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 10 90,000 90,000
Retained earnings 154,281 247,281
254,281 347,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

BALANCE SHEET - continued
31 JULY 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 23 November 2024 and were signed on its behalf by:





C R Rogers - Director


RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Right Housing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 - 8,952 - 8,952
Additions 12,575 - 9,175 21,750
At 31 July 2024 12,575 8,952 9,175 30,702
DEPRECIATION
At 1 August 2023 - 6,302 - 6,302
Charge for year - 398 1,376 1,774
At 31 July 2024 - 6,700 1,376 8,076
NET BOOK VALUE
At 31 July 2024 12,575 2,252 7,799 22,626
At 31 July 2023 - 2,650 - 2,650

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 August 2023
and 31 July 2024 1,998,131
NET BOOK VALUE
At 31 July 2024 1,998,131
At 31 July 2023 1,998,131

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Shiraz Specialist Dental Services Limited
Registered office: Cash's Business Centre 1st Floor, 228 Widdrington Road, Coventry, West Midlands, United Kingdom, CV1 4PB
Nature of business: Dental practice activities
%
Class of shares: holding
Ordinary Shares 100.00

Parthian Ventures Limited
Registered office: 720 Shirley Road, Hall Green, Birmingham, England, B28 9LF
Nature of business: Letting owned or leased real estate.
%
Class of shares: holding
Ordinary 100.00

RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 352,667
Additions 312,728
At 31 July 2024 665,395
NET BOOK VALUE
At 31 July 2024 665,395
At 31 July 2023 352,667

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 90,000
Cost 575,395
665,395

Investment properties were revalued to reflect the market value by the Strutt & Parker Chartered Surveyor..

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 300 146,471

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 918,724 668,999

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 821,586 855,582
Other creditors 709,619 659,117
1,531,205 1,514,699

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 821,586 855,582

RIGHT HOUSING LTD (REGISTERED NUMBER: 10888830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 90,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors , the amount owed to directors is £462,433.The loans are interest free and with no fixed date of repayment.

12. RELATED PARTY DISCLOSURES

There are 3 inter company loan balances between Right Housing Limited and other ltd companies that are within the group or owned and controlled by same directors. The balances at the balancesheet date was;

Owed to Parthian Ventures Limited £ 23,123
Owed to Shiraz Specialist Dental Sevices Limited £686,496
Owed to CR Electronics Limited £384,226

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RIGHT HOUSING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Right Housing Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Right Housing Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Right Housing Ltd and state those matters that we have agreed to state to the Board of Directors of Right Housing Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Right Housing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Right Housing Ltd. You consider that Right Housing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Right Housing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB


23 November 2024