Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30false2023-07-01false55900 - Other accommodation2019truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09592520 2023-07-01 2024-06-30 09592520 2022-07-01 2023-06-30 09592520 2024-06-30 09592520 2023-06-30 09592520 c:Director1 2023-07-01 2024-06-30 09592520 d:MotorVehicles 2023-07-01 2024-06-30 09592520 d:MotorVehicles 2024-06-30 09592520 d:MotorVehicles 2023-06-30 09592520 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09592520 d:FurnitureFittings 2023-07-01 2024-06-30 09592520 d:FurnitureFittings 2024-06-30 09592520 d:FurnitureFittings 2023-06-30 09592520 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09592520 d:OfficeEquipment 2023-07-01 2024-06-30 09592520 d:OfficeEquipment 2024-06-30 09592520 d:OfficeEquipment 2023-06-30 09592520 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09592520 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09592520 d:CurrentFinancialInstruments 2024-06-30 09592520 d:CurrentFinancialInstruments 2023-06-30 09592520 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09592520 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09592520 d:ShareCapital 2024-06-30 09592520 d:ShareCapital 2023-06-30 09592520 d:RetainedEarningsAccumulatedLosses 2024-06-30 09592520 d:RetainedEarningsAccumulatedLosses 2023-06-30 09592520 c:FRS102 2023-07-01 2024-06-30 09592520 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09592520 c:FullAccounts 2023-07-01 2024-06-30 09592520 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09592520 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09592520









GUARDIAN HOUSING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
GUARDIAN HOUSING LIMITED
REGISTERED NUMBER: 09592520

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
114,875
106,567

  
114,875
106,567

Current assets
  

Debtors: amounts falling due within one year
 5 
1,150,589
1,069,471

Cash at bank and in hand
 6 
679,785
384,270

  
1,830,374
1,453,741

Creditors: amounts falling due within one year
 7 
(1,719,830)
(1,341,395)

Net current assets
  
 
 
110,544
 
 
112,346

Total assets less current liabilities
  
225,419
218,913

  

Net assets
  
225,419
218,913


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
225,319
218,813

  
225,419
218,913


Page 1

 
GUARDIAN HOUSING LIMITED
REGISTERED NUMBER: 09592520
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 28 March 2025.




Mohammed Hanif Khan
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

 
1.3

Revenue recognition

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
1.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies (continued)

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

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.

Page 5

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.


General information

Guardian Housing Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 09592520. The registered office for Guardian Housing is 77 Francis Road, Edgbaston, Birmingham, West Midlands, B16 8SP, England. The principal activity of the company in the year under review was that of proving other accomodation serivces. 
The financial statements are presented in sterling, which is the functional currency of the company, and is rounded to the nearset whole £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 19).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
70,858
98,154
4,512
173,524


Additions
14,094
22,931
-
37,025



At 30 June 2024

84,952
121,085
4,512
210,549



Depreciation


At 1 July 2023
23,230
41,033
2,694
66,957


Charge for the year on owned assets
12,344
16,010
363
28,717



At 30 June 2024

35,574
57,043
3,057
95,674



Net book value



At 30 June 2024
49,378
64,042
1,455
114,875



At 30 June 2023
47,628
57,121
1,818
106,567


5.


Debtors

2024
2023
£
£

Page 6

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.Debtors (continued)


Other debtors
885,589
669,471

Prepayments and accrued income
265,000
400,000

1,150,589
1,069,471



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
679,785
384,270

679,785
384,270



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
279

Other creditors
1,719,830
1,341,116

1,719,830
1,341,395


Page 7

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Related party transactions

Mohammed Hanif Khan is a director and shareholder of Guardian Housing Limited. 
During the period, the director provided loans of £376,779 to the company. As at the balance sheet date, the company owed the director £1,717,895 (2023: £1,341,116) which is shown in Other creditors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Mohammed Hanif Khan is also a director of Awaan Trading Limited. 
During the period, the company provided loans of £nil to Awaan Trading Limited. As at the balance sheet date, Awaan Trading Limited owed the company £96,013 (2023: £96,013) which is shown in Other debtors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Mohammed Hanif Khan is also a director of Awaan Investments Limited. 
During the period, the company provided loans of £nil to Awaan Investments Limited. As at the balance sheet date, Awaan Investments Limited owed the company £345,174 (2023: £345,174) which is shown in Other debtors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Mohammed Hanif Khan is also a director of Inspire Supported Accommodation Limited. 
During the period, the company received loans of £nil from Inspire Supported Accommodation Limited. As at the balance sheet date, Inspire Supported Accommodation Limited owed the company £54,934 (2023: £54,934) which is shown in Other debtors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Mohammed Hanif Khan is also a director of Exceed Housing Association Limited. 
During the period, the company provided loans of £nil to the Exceed Housing Association Limited. As at the balance sheet date, the company owed Exceed Housing Association Limited £nil (2023: £nil) which is shown in Other creditors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Page 8

 
GUARDIAN HOUSING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Contributions to a remuneration trust

The company made a contribution in the accounting period to a Remuneration Trust in the amount of £600,000 (2023: £700,000). The terms of the trust are set out in a trust deed executed by the company and the original trustees.






 
Page 9