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Registration number: 08889125

St Just Housing Limited

Unaudited Filleted Financial Statements

for the Period from 29 February 2024 to 28 February 2025

 

St Just Housing Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

St Just Housing Limited

Company Information

Directors

Mrs Joanna Standeven

Mr Adrian Richard Bayford

Registered office

5 High Green
Great Shelford
Cambridgeshire
CB22 5EG

Accountants

Tayabali & White 5 High Green
Great Shelford
Cambridge
CB22 5EG

 

St Just Housing Limited

(Registration number: 08889125)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

13,092,027

13,107,946

Current assets

 

Debtors

5

18,849

21,625

Cash at bank and in hand

 

440,411

547,569

 

459,260

569,194

Creditors: Amounts falling due within one year

6

(81,534)

(55,687)

Net current assets

 

377,726

513,507

Total assets less current liabilities

 

13,469,753

13,621,453

Creditors: Amounts falling due after more than one year

6

(10,415,511)

(10,627,674)

Provisions for liabilities

(593,557)

(354,929)

Net assets

 

2,460,685

2,638,850

Capital and reserves

 

Called up share capital

7

100

100

Other reserves

1,754,416

1,992,518

Retained earnings

706,169

646,232

Shareholders' funds

 

2,460,685

2,638,850

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:
 

 

St Just Housing Limited

(Registration number: 08889125)
Balance Sheet as at 28 February 2025

.........................................
Mrs Joanna Standeven
Director

.........................................
Mr Adrian Richard Bayford
Director

 

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company's registered number is 08889125.

The address of its registered office is:
5 High Green
Great Shelford
Cambridgeshire
CB22 5EG

These financial statements were authorised for issue by the Board on 15 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements

4% on cost

Plant and machinery

20% reducing balance

Motor vehicles

25% reducing balance

Fixtures and fittings

20% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2024 - 3).

 

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

4

Tangible assets

Land and buildings
£

Improvements to property
 £

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 29 February 2024

12,925,201

182,016

26,442

3,016

47,970

Additions

-

-

1,862

-

-

At 28 February 2025

12,925,201

182,016

28,304

3,016

47,970

Depreciation

At 29 February 2024

-

42,912

18,328

1,668

13,791

Charge for the period

-

7,281

1,685

270

8,545

At 28 February 2025

-

50,193

20,013

1,938

22,336

Carrying amount

At 28 February 2025

12,925,201

131,823

8,291

1,078

25,634

At 28 February 2024

12,925,201

139,104

8,114

1,348

34,179

Total
£

Cost or valuation

At 29 February 2024

13,184,645

Additions

1,862

At 28 February 2025

13,186,507

Depreciation

At 29 February 2024

76,699

Charge for the period

17,781

At 28 February 2025

94,480

Carrying amount

At 28 February 2025

13,092,027

At 28 February 2024

13,107,946

Included within the net book value of land and buildings above is £12,925,201 (2024 - £12,925,201) in respect of freehold land and buildings.
 

 

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

Revaluation

The fair value of the company's Land and buildings was revalued on 24 January 2022 by an independent valuer.
The revaluation of investment properties was undertaken on the basis of market value in accordance with RICS appraisal and valuation standards. It is the directors opinion that the market value of all properties owned by St Just Housing Limited will not have materially changed since this date as at 28th February 2025. All properties purchased by the company since January 2022 are included at cost on the same basis.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £10,585,980 (2024 - £10,585,980).

5

Debtors

Current

2025
£

2024
£

Trade debtors

11,999

12,720

Prepayments

6,850

2,905

Other debtors

-

6,000

 

18,849

21,625

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

14,655

2,295

Taxation and social security

28,842

22,228

Accruals and deferred income

12,940

16,595

Other creditors

25,097

14,569

81,534

55,687

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

10,415,511

10,627,674

 

St Just Housing Limited

Notes to the Unaudited Financial Statements for the Period from 29 February 2024 to 28 February 2025

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,570,000

3,570,000

Other borrowings

6,845,511

7,057,674

10,415,511

10,627,674