Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-30 2024-03-30 true 1 false 2023-03-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity false 1 true 09444948 2023-03-31 2024-03-30 09444948 2022-03-31 2023-03-30 09444948 2024-03-30 09444948 2023-03-30 09444948 c:Director1 2023-03-31 2024-03-30 09444948 d:CurrentFinancialInstruments 2024-03-30 09444948 d:CurrentFinancialInstruments 2023-03-30 09444948 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 09444948 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 09444948 d:RetainedEarningsAccumulatedLosses 2024-03-30 09444948 d:RetainedEarningsAccumulatedLosses 2023-03-30 09444948 c:FRS102 2023-03-31 2024-03-30 09444948 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 09444948 c:FullAccounts 2023-03-31 2024-03-30 09444948 c:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 09444948 e:PoundSterling 2023-03-31 2024-03-30 iso4217:GBP xbrli:pure

Registered number: 09444948 OMEGA HOUSING ASSOCIATION UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 MARCH 2024
OMEGA HOUSING ASSOCIATION REGISTERED NUMBER: 09444948 BALANCE SHEET AS AT 30 MARCH 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 80,164 |  | 105,517 |
Cash at bank and in hand | 5 | 43,767 |  | 26,033 |
|  | 123,931 |  | 131,550 |
Creditors: amounts falling due within one year | 6 | (9,441) |  | (20,803) |
Net current assets |  |  | 114,490 |  | 110,747
Total assets less current liabilities |  |  | 114,490 |  | 110,747
Net assets |  |  | 114,490 |  | 110,747
Capital and reserves |  |  |  |  |
Profit and loss account |  |  | 114,490 |  | 110,747
|  |  | 114,490 |  | 110,747
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by on
Gabriellyn Laryea-Adu
Director
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OMEGA HOUSING ASSOCIATION REGISTERED NUMBER: 09444948 BALANCE SHEET (CONTINUED) AS AT 30 MARCH 2024
Date: 21 October 2025
The notes on pages 3 to 5 form part of these financial statements. Page 2
OMEGA HOUSING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024
1. | General information
Omega Housing Association is a company limited by guarantee incorporated in England and Wales. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Page 3
OMEGA HOUSING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024 2.Accounting policies (continued)
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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OMEGA HOUSING ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2024
4. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 2,511 | -
| Amounts owed by connect company | 76,603 | 104,467
| Other debtors | 1,050 | 1,050
|  | 80,164 | 105,517
5. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 43,767 | 26,033
|  | 43,767 | 26,033
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to connected company | - | 9,535
| Corporation tax | 3,222 | 4,701
| Other creditors | 1,627 | 1,627
| Accruals and deferred income | 4,592 | 4,940
|  | 9,441 | 20,803
7. | Related party transactions
| During the year the company paid rent to director amounting to £11,026 (2023: £9,535) and rents to connected parties totalling £32,000 (2023: £43,800).
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