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REGISTERED NUMBER: 10428907 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 July 2023

for

KASSOE HOUSING UK LIMITED

KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Contents of the Financial Statements
for the Period 1 April 2023 to 31 July 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KASSOE HOUSING UK LIMITED

Company Information
for the Period 1 April 2023 to 31 July 2023







DIRECTORS: M Beal
C Clark





REGISTERED OFFICE: 44 Hamilton House
Hamilton Terrace
Milford Haven
SA73 3JP





REGISTERED NUMBER: 10428907 (England and Wales)





ACCOUNTANTS: Macey Owen Limited
5, Willow Walk
Cowbridge
Vale of Glamorgan
CF71 7EE

KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Abridged Balance Sheet
31 July 2023

31/7/23 31/3/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 15,731 17,161
Tangible assets 5 3,580 12,042
Investments 6 15,980 15,980
35,291 45,183

CURRENT ASSETS
Debtors 101,154 174,805
Cash at bank 12,748 24,229
113,902 199,034
CREDITORS
Amounts falling due within one year (268,964 ) (207,269 )
NET CURRENT LIABILITIES (155,062 ) (8,235 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(119,771

)

36,948

CREDITORS
Amounts falling due after more than one year (36,816 ) (35,444 )
NET (LIABILITIES)/ASSETS (156,587 ) 1,504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (156,687 ) 1,404
(156,587 ) 1,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 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.

KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2025 and were signed on its behalf by:





M Beal - Director


KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 July 2023


1. STATUTORY INFORMATION

KASSOE HOUSING UK 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.

At the year end the company had net liabilities. The directors are confident that the company will be able to meet its liabilities as and when they fall due for a period of no less than 12 months from the date of the signing of these financial statements.

As a result these financial statements have been prepared on the basis that the company is a going concern.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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.


KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 July 2023 21,451
AMORTISATION
At 1 April 2023 4,290
Amortisation for period 1,430
At 31 July 2023 5,720
NET BOOK VALUE

At 31 July 2023 15,731
At 31 March 2023 17,161

KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 18,675
Disposals (9,413 )
At 31 July 2023 9,262
DEPRECIATION
At 1 April 2023 6,633
Charge for period 413
Eliminated on disposal (1,364 )
At 31 July 2023 5,682
NET BOOK VALUE
At 31 July 2023 3,580
At 31 March 2023 12,042

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 July 2023 15,980
NET BOOK VALUE
At 31 July 2023 15,980
At 31 March 2023 15,980

7. SECURED DEBTS

The following secured debts are included within creditors:

31/7/23 31/3/23
£    £   
Bank loans 39,391 41,287

The company took out a bounceback loan which is a government backed guaranteed loan.

8. POST BALANCE SHEET EVENTS

After the year end, some of the share capital was sold to Kassoe Housing Invest Aps which has a controlling interest.

KASSOE HOUSING UK LIMITED (Registered number: 10428907)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2023


9. ULTIMATE CONTROLLING PARTY

The controlling party is Kassoe Housing Invest APS.