REGISTERED NUMBER: 15356211 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 DECEMBER 2023 TO 31 DECEMBER 2024

FOR

EMPATHY HOUSING LEASE ONE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H M Patel

Mrs K M Patel

REGISTERED OFFICE:

22 Hill Top Avenue

Wilmslow

Cheshire

SK9 2JE

REGISTERED NUMBER:

15356211 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

CURRENT ASSETS

Debtors

4

744,556

Cash at bank

5,446

750,002

CREDITORS

Amounts falling due within one year

5

752,565

NET CURRENT LIABILITIES

(2,563

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,563

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(2,564

)

(2,563

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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.

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mrs K M Patel - Director

1.	STATUTORY INFORMATION

Empathy Housing Lease One 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the period end. The directors of the company and the connected companies have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover

Turnover represents the total income generated by the company from its leasehold activities, primarily derived from the rental income.

Revenue Recognition

Revenue is recognised when company receives the rent and is recorded to the balance sheet date.

Financial instruments

Financial assets and financial liabilities are recognised in the company’s balance sheet when the company becomes a party to the contractual provisions of the instrument.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by connected company

693,416

Other debtors

51,140

744,556

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

12,272

Amounts owed to connected company

638,125

Other creditors

102,168

752,565

6.	RELATED PARTY DISCLOSURES

Included within debtors as at period end is £693,416, an amount owed from Empathy Housing Management Leasing Two Limited, a company where K M Patel is director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within creditors as at period end is £621,246, an amount owed to Empathy Housing Management Limited, a company where K M Patel is director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Included within creditors as at period end is £16,879, an amount owed to Empathy Housing Limited, a company where K M Patel is director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.