IRIS Accounts Production v25.2.0.378 15527761 Board of Directors 28.2.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh155277612024-02-27155277612024-12-31155277612024-02-282024-12-31155277612024-02-2715527761ns15:EnglandWales2024-02-282024-12-3115527761ns14:PoundSterling2024-02-282024-12-3115527761ns10:Director12024-02-282024-12-3115527761ns10:PrivateLimitedCompanyLtd2024-02-282024-12-3115527761ns10:SmallEntities2024-02-282024-12-3115527761ns10:AuditExempt-NoAccountantsReport2024-02-282024-12-3115527761ns10:SmallCompaniesRegimeForDirectorsReport2024-02-282024-12-3115527761ns10:SmallCompaniesRegimeForAccounts2024-02-282024-12-3115527761ns10:FullAccounts2024-02-282024-12-3115527761ns10:Director42024-02-282024-12-3115527761ns10:RegisteredOffice2024-02-282024-12-3115527761ns5:CurrentFinancialInstruments2024-12-3115527761ns5:ShareCapital2024-12-3115527761ns5:RetainedEarningsAccumulatedLosses2024-12-3115527761ns5:FurnitureFittings2024-02-282024-12-3115527761ns5:ComputerEquipment2024-02-282024-12-3115527761ns5:FurnitureFittings2024-12-3115527761ns5:ComputerEquipment2024-12-3115527761ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31
REGISTERED NUMBER: 15527761 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

EMPATHY HOUSING MANAGEMENT LIMITED
EMPATHY HOUSING MANAGEMENT LIMITED (REGISTERED NUMBER: 15527761)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2024 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EMPATHY HOUSING MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 28 FEBRUARY 2024 TO 31 DECEMBER 2024







DIRECTORS: Mrs R K Virdee
Mrs K M Patel





REGISTERED OFFICE: 7 St. Johns Road
Harrow
HA1 2EY





REGISTERED NUMBER: 15527761 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY
Page 1
EMPATHY HOUSING MANAGEMENT LIMITED (REGISTERED NUMBER: 15527761)

BALANCE SHEET
31 DECEMBER 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 84,040

CURRENT ASSETS
Debtors 5 1,278,649
Cash at bank 24,778
1,303,427
CREDITORS
Amounts falling due within one year 6 917,757
NET CURRENT ASSETS 385,670
TOTAL ASSETS LESS CURRENT
LIABILITIES
469,710

PROVISIONS FOR LIABILITIES 21,010
NET ASSETS 448,700

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 448,600
448,700

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 29 September 2025 and were signed on its behalf by:





Mrs K M Patel - Director


The notes form part of these financial statements

Page 2
EMPATHY HOUSING MANAGEMENT LIMITED (REGISTERED NUMBER: 15527761)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 28 FEBRUARY 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Empathy Housing Management Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance
Computer equipment - 20% reducing balance

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.

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 period was 3 .

Page 3 continued...
EMPATHY HOUSING MANAGEMENT LIMITED (REGISTERED NUMBER: 15527761)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 28 FEBRUARY 2024 TO 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 97,948 980 98,928
At 31 December 2024 97,948 980 98,928
DEPRECIATION
Charge for period 14,692 196 14,888
At 31 December 2024 14,692 196 14,888
NET BOOK VALUE
At 31 December 2024 83,256 784 84,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 650,945
Amounts owed by connected companies 621,246
Other debtors 6,458
1,278,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to connected companies 768,512
Taxation and social security 134,510
Other creditors 14,735
917,757

7. RELATED PARTY DISCLOSURES

Included within creditors as at period end is £28,831, 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.

Included within debtors as at period end is £621,246, an amount owed by Empathy Housing Lease One 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 £739,681, an amount owed to Empathy Housing 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 other creditors as at period end is £401, an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

Page 4