REGISTERED NUMBER: 09950920 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

HORGAN HOUSING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Horgan

SECRETARY:

REGISTERED OFFICE:

7A Alkmaar Way

Norwich International Business Park

Norwich

NR6 6BF

REGISTERED NUMBER:

09950920 (England and Wales)

ACCOUNTANTS:

Insight Accountancy Services Ltd

7A Alkmaar Way

Norwich Int Business Park

Norwich

Norfolk

NR6 6BF

FIXED ASSETS

Investment property

4

12,135,981

11,454,481

CURRENT ASSETS

Debtors

5

5,570

-

Cash at bank

776,978

764,759

782,548

764,759

CREDITORS

Amounts falling due within one year

6

427,919

748,158

NET CURRENT ASSETS

354,629

16,601

TOTAL ASSETS LESS CURRENT LIABILITIES

12,490,610

11,471,082

CREDITORS

Amounts falling due after more than one year

7

(6,196,692

)

(5,544,715

)

PROVISIONS FOR LIABILITIES

(205,437

)

(192,528

)

NET ASSETS

6,088,481

5,733,839

CAPITAL AND RESERVES

Called up share capital

202

202

Share premium

3,683,400

3,683,400

Fair value reserve

8

875,806

820,775

Retained earnings

1,529,073

1,229,462

6,088,481

5,733,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2025 and were signed by:

J Horgan - Director

1.	STATUTORY INFORMATION

Horgan Housing Ltd 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.

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.

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 balance sheet date.

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 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.

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 year was 1 (2024 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

11,454,481

Additions

613,560

Revaluations

67,940

At 31 January 2025

12,135,981

NET BOOK VALUE

At 31 January 2025

12,135,981

At 31 January 2024

11,454,481

Fair value at 31 January 2025 is represented by:

£

Valuation in 2023

11,128,386

Valuation in 2024

326,095

Valuation in 2025

681,500

12,135,981

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

5,570

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

1

-

Taxation and social security

118,559

81,347

Other creditors

309,359

666,811

427,919

748,158

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

6,196,692

5,426,970

Other creditors

-

117,745

6,196,692

5,544,715

31.1.25

31.1.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

117,745

8.

RESERVES

Fair

value

reserve

£

At 1 February 2024

820,775

Fair Value Reserve Movement

55,031

At 31 January 2025

875,806