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Company Registration No. 11521033 (England and Wales)
Utopia Housing Holdings Ltd Unaudited accounts for the year ended 31 August 2024
Utopia Housing Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Utopia Housing Holdings Ltd Company Information for the year ended 31 August 2024
Director
Lauren Michelle Mercurius-taylor
Company Number
11521033 (England and Wales)
Registered Office
English Room The Old Free School George Street Watford WD18 0BX England
Accountants
PSUCHI ASSOCIATES LTD Unit 8 East Lane Business Estate Osram Road Wembley HA9 7NG
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Utopia Housing Holdings Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,275,000 
3,275,000 
Current assets
Debtors
5
1,543,458 
1,302,780 
Cash at bank and in hand
2,945 
53,389 
1,546,403 
1,356,169 
Creditors: amounts falling due within one year
6
(388,616)
(337,521)
Net current assets
1,157,787 
1,018,648 
Total assets less current liabilities
4,432,787 
4,293,648 
Creditors: amounts falling due after more than one year
7
(2,479,364)
(2,509,182)
Provisions for liabilities
Deferred tax
(188,956)
(188,956)
Net assets
1,764,467 
1,595,510 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,764,466 
1,595,509 
Shareholders' funds
1,764,467 
1,595,510 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2025 and were signed on its behalf by
Lauren Michelle Mercurius-taylor Director Company Registration No. 11521033
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Utopia Housing Holdings Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Utopia Housing Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11521033. The registered office is English Room The Old Free School, George Street, Watford, WD18 0BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2023
3,275,000 
At 31 August 2024
3,275,000 
Depreciation
At 31 August 2024
- 
Net book value
At 31 August 2024
3,275,000 
At 31 August 2023
3,275,000 
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Utopia Housing Holdings Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
75,742 
5,154 
Amounts due from group undertakings etc.
690,663 
520,573 
Accrued income and prepayments
16,153 
16,153 
Other debtors
30,201 
30,201 
812,759 
572,081 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
730,699 
730,699 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
89,444 
65,707 
Taxes and social security
166,100 
141,957 
Loans from directors
124,873 
125,258 
Accruals
8,199 
4,599 
388,616 
337,521 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,035,680 
2,065,498 
Other creditors
443,684 
443,684 
2,479,364 
2,509,182 
8
Transactions with related parties
The company has lend money to the company in Barbados £730,699, where the directors are common. There is outstanding balance of £470,572 (£275,793 - 2022) from a sister company Utopia Supported Housing Ltd where director and share holder are same.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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