2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,635 1,348 71 1,419 216 287 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 10154135 2023-05-01 2024-04-30 10154135 2024-04-30 10154135 2023-04-30 10154135 2022-05-01 2023-04-30 10154135 2023-04-30 10154135 2022-04-30 10154135 core:FurnitureFittings 2023-05-01 2024-04-30 10154135 bus:Director2 2023-05-01 2024-04-30 10154135 core:FurnitureFittings 2023-04-30 10154135 core:FurnitureFittings 2024-04-30 10154135 core:WithinOneYear 2024-04-30 10154135 core:WithinOneYear 2023-04-30 10154135 core:AfterOneYear 2024-04-30 10154135 core:AfterOneYear 2023-04-30 10154135 core:ShareCapital 2024-04-30 10154135 core:ShareCapital 2023-04-30 10154135 core:RetainedEarningsAccumulatedLosses 2024-04-30 10154135 core:RetainedEarningsAccumulatedLosses 2023-04-30 10154135 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 10154135 core:Non-currentFinancialInstruments 2024-04-30 10154135 core:Non-currentFinancialInstruments 2023-04-30 10154135 core:FurnitureFittings 2023-04-30 10154135 bus:SmallEntities 2023-05-01 2024-04-30 10154135 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10154135 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10154135 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10154135 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 10154135
OPEN CHOICE HOUSING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
OPEN CHOICE HOUSING LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
216
287
Investments
6
100
100
----
----
316
387
CURRENT ASSETS
Debtors
7
14,191
16,073
Cash at bank and in hand
78,703
11,113
--------
--------
92,894
27,186
CREDITORS: amounts falling due within one year
8
80,429
15,416
--------
--------
NET CURRENT ASSETS
12,465
11,770
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
12,781
12,157
CREDITORS: amounts falling due after more than one year
9
8,167
15,167
--------
--------
NET ASSETS/(LIABILITIES)
4,614
( 3,010)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
4,613
( 3,011)
-------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
4,614
( 3,010)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
OPEN CHOICE HOUSING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
R Kousar
Director
Company registration number: 10154135
OPEN CHOICE HOUSING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carries at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
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 and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 May 2023 and 30 April 2024
1,635
-------
Depreciation
At 1 May 2023
1,348
Charge for the year
71
-------
At 30 April 2024
1,419
-------
Carrying amount
At 30 April 2024
216
-------
At 30 April 2023
287
-------
6. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 May 2023 and 30 April 2024
100
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
100
----
At 30 April 2023
100
----
7. DEBTORS
2024
2023
£
£
Trade debtors
7,198
8,583
Other debtors
6,993
7,490
--------
--------
14,191
16,073
--------
--------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,000
7,000
Trade creditors
3,722
Corporation tax
2,654
Social security and other taxes
248
967
Other creditors
70,527
3,727
--------
--------
80,429
15,416
--------
--------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,167
15,167
-------
--------