Registration number: 11444589

Diamond Housing Management Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Diamond Housing Management Limited

Company Information

Directors

D Antoniou H Antoniou T Antoniou A Antoniou

Registered office

120 Cockfosters Road Barnet EN4 0DZ

Accountants

Thomas Alexander & Company Limited 590 Green Lanes Palmers Green London N13 5RY

Diamond Housing Management Limited

(Registration number: 11444589)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	53,509	78,495
Current assets
Debtors	5	1,077,555	130,581
Cash at bank and in hand		489,926	450,697
		1,567,481	581,278
Creditors: Amounts falling due within one year	6	(1,471,518)	(1,196,573)
Net current assets/(liabilities)		95,963	(615,295)
Net assets/(liabilities)		149,472	(536,800)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		149,372	(536,900)
Shareholders' funds/(deficit)		149,472	(536,800)

For the financial year ending 31 March 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 year 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 25 September 2025 and signed on its behalf by:
 

......................................... D Antoniou Director

Diamond Housing Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
120 Cockfosters Road
Barnet
EN4 0DZ

These financial statements were authorised for issue by the Board on 25 September 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 represents amounts derived from rents charged to tenants during the year and is recognised at the date the rental period occured as well as management fee income. This stated after trade discounts and other sales taxes.

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
Motor vehicles	20% reducing balance
Fixtures, fittings & equipment	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Diamond Housing Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from tenants in respect of rents charged for the occupation of land and property.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 year, was 12 (2024 - 13).

Diamond Housing Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	84,079	48,421	132,500
Additions	1,416	-	1,416
At 31 March 2025	85,495	48,421	133,916
Depreciation
At 1 April 2024	30,726	23,279	54,005
Charge for the year	21,373	5,029	26,402
At 31 March 2025	52,099	28,308	80,407
Carrying amount
At 31 March 2025	33,396	20,113	53,509
At 31 March 2024	53,353	25,142	78,495

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		124,862	117,366
Amounts owed by group undertakings	8	941,624	3,360
Prepayments		11,069	9,855
		1,077,555	130,581

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		82,123	45,400
Amounts owed to group undertakings	8	230,845	-
Social security and other taxes		7,445	7,167
Other payables		446,739	393,817
Accruals		704,366	750,189
		1,471,518	1,196,573

Diamond Housing Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Related party transactions

Included in debtors is an amount of £941,624 (2024: £3,360) owed from Diamond Corporation Ltd, the parent company. Included in creditors is an amount of £230,845 owed to Sapphire Corporation Ltd, a group company.

9	Parent and ultimate parent undertaking

The company is a wholly owned subsidiary of Diamond Corporation Ltd, a company incorporated in the UK.