Registered number
15042762
The Housing Specialist Ltd
Filleted Accounts
31 August 2024
The Housing Specialist Ltd
Registered number: 15042762
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Tangible assets 3 480
Current assets
Cash at bank and in hand 5,319
Creditors: amounts falling due within one year 4 (13,527)
Net current liabilities (8,208)
Net liabilities (7,728)
Capital and reserves
Called up share capital 1
Profit and loss account (7,729)
Shareholders' funds (7,728)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sohail Raza
Director
Approved by the board on 29 May 2025
The Housing Specialist Ltd
Notes to the Accounts
for the period from 1 August 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 600
At 31 August 2024 600
Depreciation
Charge for the period 120
At 31 August 2024 120
Net book value
At 31 August 2024 480
4 Creditors: amounts falling due within one year 2024
£
Director's account 13,027
Other creditors 500
13,527
5 Other information
The Housing Specialist Ltd is a private company limited by shares and incorporated in England. Its registered office is:
213 Yardley Fields Road
Birmingham
B33 8RN
6 Comparatives
There are no comparatives as this is first year of business of the company
7 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company
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