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Registered number: 11160848 HOUSE COLLECTIVE LIMITED UNAUDITED PAGES FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JANUARY 2025
HOUSE COLLECTIVE LIMITED REGISTERED NUMBER:11160848
BALANCE SHEET AS AT 31 JANUARY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 33,399 |  | 33,416
|  |  | 33,399 |  | 33,416
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | 185,388 |  | 94,500 |
Debtors: amounts falling due within one year | 5 | 97,506 |  | 133,858 |
Cash at bank and in hand | 6 | 34,826 |  | 59,110 |
|  | 317,720 |  | 287,468 |
Creditors: amounts falling due within one year | 7 | (110,136) |  | (140,430) |
Net current assets |  |  | 207,584 |  | 147,038
Total assets less current liabilities |  |  | 240,983 |  | 180,454
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 |  | (8,139) |  | (8,056)
Net assets |  |  | 232,844 |  | 172,398
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 232,843 |  | 172,397
|  |  | 232,844 |  | 172,398
1
HOUSE COLLECTIVE LIMITED REGISTERED NUMBER:11160848
BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2025 The directors consider 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 directors acknowledge their 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 profit and loss account 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 on 3 November 2025.
J P Brandling-Harris
Director
The notes on pages 3 to 8 form part of these financial statements. 2
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
1. | General information
The company is a private company limited by shares and is registered in England and Wales, the company registration number is 11160848. The address of its registered office is 31 Oval Road, House Collective, London, England, NW1 7EA. The principal activity of the company continued to be that of a real estate agency and management of real estate on a fee or contract basis. 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 company's functional and presentational currency is pound sterling. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover from commissions and other relvent fees is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover from commissions and other relvent fees 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 turnover is recognised: Rendering of services Turnover from commissions and other relvent fees 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 turnover 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 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | 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. 3
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.6 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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 corporation 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 4
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% | straight line
|  |  |  | Office equipment | - | 20% | straight line
|  |  |  | Computer equipment | - | 20% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | 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.
| 2.10 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.11 | 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.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. 5
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 7 (2024 - 3).
4. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 February 2024 | 20,404 | 50,277 | 4,475 | 75,156
| Additions | 8,700 | 7,740 | - | 16,440
| At 31 January 2025 | 29,104 | 58,017 | 4,475 | 91,596
| Depreciation |  |  |  |
| At 1 February 2024 | 15,654 | 23,772 | 2,314 | 41,740
| Charge for the year on owned assets | 4,733 | 10,881 | 843 | 16,457
| At 31 January 2025 | 20,387 | 34,653 | 3,157 | 58,197
| Net book value |  |  |  |
| At 31 January 2025 | 8,717 | 23,364 | 1,318 | 33,399
| At 31 January 2024 | 4,750 | 26,505 | 2,161 | 33,416
6
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | 185,388 | -
| Due from group undertakings | - | 94,500
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 38,600 | 114,021
| Other debtors | 16,269 | -
| Prepayments and accrued income | 42,637 | 19,837
|  | 97,506 | 133,858
6. | Cash
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 34,826 | 59,110
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 30,260 | 19,441
| Corporation tax | 65,448 | 50,331
| Other taxation and social security | - | 50,090
| Other creditors | 9,428 | 16,068
| Accruals | 5,000 | 4,500
|  | 110,136 | 140,430
7
HOUSE COLLECTIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (8,056)
| Charged to profit or loss | (83)
| At end of year | (8,139)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (8,139) | (8,056)
|  | (8,139) | (8,056)
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100,000 (2024 - 100) Ordinary shares of £0.00001 each | 1 | 1
| On 5 February 2024, the ordinary shares of £0.01 each were subdivided into ordinary shares of £0.00001 each. As a result, the total number of ordinary shares increased to 100,000.
10. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,920 (2024 - £1,946). Contributions totalling £Nil (2024 - £372) were payable to the fund at the balance sheet date and are included in creditors.
11. | Related party transactions
| Debtors due after more than one year includes a loan of £185,388 (2024 - £94,500) to Lettings Collective Limited, a wholly owned subsidiary of HQ Collective Limited. Interest was charged at the market rate and the loan is repayable in 2027. Dividends of £90,000 (2024 - £100,000) were paid to directors. Included within other creditors at the year end is an amount of £1,304 (2024 - £11,528) due to directors.
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