REGISTERED NUMBER: 14885299 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HOUSING 35 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A de Savary

H J de Savary

M A Quantock Shuldham

REGISTERED OFFICE:

55 Loudoun Road

London

NW8 0DL

REGISTERED NUMBER:

14885299 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Investment property

4

1,254,588

1,158,223

CURRENT ASSETS

Debtors

5

42,673

1

Cash at bank

7,877

2,223

50,550

2,224

CREDITORS

Amounts falling due within one year

6

(1,368,216

)

(1,168,113

)

NET CURRENT LIABILITIES

(1,317,666

)

(1,165,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(63,078

)

(7,666

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(63,079

)

(7,667

)

SHAREHOLDERS' FUNDS

(63,078

)

(7,666

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 July 2025 and were signed on its behalf by:

P A de Savary - Director

1.	COMPANY INFORMATION

Housing 35 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

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.

Going concern

During the year ended 31 March 2025, the company made a loss after tax of £55,412 (2024: £7,667) and had net liabilities of £63,078 (2024: £7,666).

The company continues to meet its day to day working capital requirements through loans from related parties of £1,361,837 (2024: £1,165,113). Accordingly, the director's considers it appropriate to prepare the financial statements on the going concern basis and he does not include any adjustment that would result from withdrawal of support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,158,223

Additions

96,365

At 31 March 2025

1,254,588

NET BOOK VALUE

At 31 March 2025

1,254,588

At 31 March 2024

1,158,223

The investment properties are stated at the director's estimate of market value at the balance sheet date.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

32,167

-

Amounts owed by group undertakings

10,101

1

Other debtors

405

-

42,673

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

1,368,216

1,168,113

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

8.	PARENT COMPANY

Project Thirty Five Limited is the parent company, whose registered office address is 55 Loudon Road, St Johns Wood, London, NWT 0DL.

9.	RELATED PARTIES

At the year end the company owed £1,361,837 (2024: £1,165,113) to companies owned by directors.