In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Kemsley Housing Trust Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Kemsley Housing Trust Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Kemsley Housing Trust Limited and state those matters that we have agreed to state to the Board of Directors of The Kemsley Housing Trust Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Kemsley Housing Trust Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that The Kemsley Housing Trust Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Kemsley Housing Trust Limited. You consider that The Kemsley Housing Trust Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Kemsley Housing Trust Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The Kemsley Housing Trust Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.

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 as modified by the revaluation of certain assets.

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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and fixed asset investments. The principal accounting policies adopted are set out below.

The company's rent receivable represents the value of rents and ground rents receivable from tenants in the United Kingdom.

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.

Fixed asset investments are stated at market value. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the year was:

If fixed asset investments were disclosed at cost this would amount to £705 (2024 - £705)

The preference shares are non-voting. On a winding-up they rank ahead only of the Ordinary shares and will be repaid at par.

During the year the company entered into the following transactions with related parties:

The Denver Housing Trust Limited

Associated company

During the year, The Kemsley Housing Trust Limited purchased properties from The Denver Housing Trust Limited totalling £70,042 (2024 - £nil). The transactions were deemed to be at "arms length".

At the year end an amount of £nil (2024 - £3,440) was payable to the company.

Kings Norton Housing Trust Limited

Associated company

During the year, The Kemsley Housing Trust Limited purchased properties from Kings Norton Housing Trust Limited totalling £286,257 (2024 - £370,000). At the year end, the amount outstanding was £nil (2024 - £nil). The transactions were deemed to be at "arms length".

Oceanglide Limited

Associated company

During the year, The Kemsley Housing Trust Limited made net payments on behalf of Oceanglide Limited totalling £8,467 (2024 - £nil). At the year end, the amount due from Oceanglide Limited was £8,467 (2024 - £nil). The transactions were deemed to be at "arms length".