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REGISTERED NUMBER: 10945827 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

DROITWICH HOUSING LIMITED

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DROITWICH HOUSING LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Kidar Joshi
Mehrdad Solimanifar





REGISTERED OFFICE: Rosehill House
Rosehill
Worcester
Worcestershire
WR5 1EY





REGISTERED NUMBER: 10945827 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,564 6,545
Investment property 5 280,720 280,720
286,284 287,265

CURRENT ASSETS
Stocks 6 1,395,480 1,395,480
Debtors 7 143,076 504,642
Cash at bank 6,057 14,022
1,544,613 1,914,144
CREDITORS
Amounts falling due within one year 8 758,884 1,117,116
NET CURRENT ASSETS 785,729 797,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,072,013

1,084,293

CREDITORS
Amounts falling due after more than one year 9 (7,291 ) (17,769 )

PROVISIONS FOR LIABILITIES 11 (18,727 ) (19,177 )
NET ASSETS 1,045,995 1,047,347

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 1,045,895 1,047,247
SHAREHOLDERS' FUNDS 1,045,995 1,047,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Statement of Financial Position - continued
30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





Mehrdad Solimanifar - Director


DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Droitwich Housing Limited 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 13,968
DEPRECIATION
At 1 October 2023 7,423
Charge for year 981
At 30 September 2024 8,404
NET BOOK VALUE
At 30 September 2024 5,564
At 30 September 2023 6,545

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 280,720
NET BOOK VALUE
At 30 September 2024 280,720
At 30 September 2023 280,720

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2020 125,292
Valuation in 2022 (55,129 )
Cost 210,557
280,720

6. STOCKS
2024 2023
£    £   
Stocks 1,395,480 1,395,480

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,000 19,000
Other debtors 122,529 484,070
Prepayments 1,547 1,572
143,076 504,642

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 165,757 165,309
Trade creditors 4,486 1,075
Tax 108,291 153,031
Other creditors 457,672 770,937
Directors' current accounts 19,680 19,305
Accrued expenses 2,998 7,459
758,884 1,117,116

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 7,291 17,769

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 165,757 165,309

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,291 9,678

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,091

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,727 19,177

DROITWICH HOUSING LIMITED (REGISTERED NUMBER: 10945827)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 19,177
Provided during year (450 )
Balance at 30 September 2024 18,727

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 A Ordinary 1 51 51
49 B Ordinary 1 49 49
100 100

13. RESERVES
Retained
earnings
£   

At 1 October 2023 1,047,247
Deficit for the year (1,352 )
At 30 September 2024 1,045,895