Principal activities of the company

The principal activity of Thirteen Property Development Limited (the “Company”) is property development on behalf of Thirteen Housing Group. No activity was recorded during the financial year to 31 March 2025 and a small loss was generated due to administrative costs.

Political and charitable donations

No charitable donations were made during the financial year (2024: none).

Additional information

Going concern The Company operates on the basis that Thirteen Housing Group will pay for services before payment is made to the Company’s suppliers and that all costs incurred are charged to Thirteen Housing Group. On this basis, the director has a reasonable expectation that there are sufficient resources to continue in operational existence for the foreseeable future; this being twelve months after the date this document is signed. For this reason, the Company continues to adopt the going concern basis in the financial statements. Directors’ indemnities As permitted by the articles of association, the director has the benefit of an indemnity which is a qualifying third-party indemnity provision as defined by section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force. The Company also purchased and maintained throughout the financial year directors’ and officers’ liability insurance in respect of itself and its director. Director The director held no shares in the Company as at 31 March 2025 (2024: none). Statement of directors’ responsibilities The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation. Company law requires the director to prepare financial statements for each financial year. Under that law the director has prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A, and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements, the director is required to: select suitable accounting policies and then apply them consistently state whether applicable United Kingdom Accounting Standards, comprising FRS 102 Section 1A, have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Company and to prevent and detect fraud and other irregularities. The director is responsible for the maintenance and integrity of the corporate and financial information included on the Group’s website. In preparing the report, the director has taken advantage of the small company exemptions provided by section 415A of the Companies Act 2006. The director has also taken advantage of the small companies exemptions provided by section 414B of the Companies Act 2006 and not prepared a strategic report. For the year ending 31 March 2025, the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 due to parent entity’s guarantee. The director has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The Report of the director has been prepared taking advantage of the small companies’ exemption in FRS 102 Section 1A – Small Entities. The Report of the director was approved on 18 September 2025.

This report was approved by the board of directors on 18 September 2025
and signed on behalf of the board by:

Name: Matthew Forrest
Status: Director