REGISTERED NUMBER: 07899933 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CROFT HOUSING ASSOCIATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Davies

Mrs E Allen

N Cringle

M Davies

REGISTERED OFFICE:

15-17 Prescot Road

Fairfield

Liverpool

Merseyside

L7 0LA

REGISTERED NUMBER:

07899933 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

18 Mulberry Avenue

Turnstone Park

Widnes

Cheshire

WA8 0WN

FIXED ASSETS

Tangible assets

4

65,360

66,343

CURRENT ASSETS

Debtors

277,986

124,103

Cash at bank and in hand

133,027

136,881

411,013

260,984

CREDITORS

Amounts falling due within one year

239,599

129,545

NET CURRENT ASSETS

171,414

131,439

TOTAL ASSETS LESS CURRENT LIABILITIES

236,774

197,782

PROVISIONS FOR LIABILITIES

6

12,418

11,151

NET ASSETS

224,356

186,631

RESERVES

Income and expenditure account

7

224,356

186,631

224,356

186,631

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 surplus or deficit 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 December 2025 and were signed on its behalf by:

K Davies - Director

Mrs E Allen - Director

1.	STATUTORY INFORMATION

Croft Housing Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with UK Generally Accepted Accounting Practice (UK GAAP) including the provisions of Section 1A"small entities" of Financial Reporting Standard 102 " The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Housing SORP 2014 "Statement of Recommended Practice for Registered Social Housing Providers" and they comply with the Accounting Direction for Private Registered Providers of Social Housing 2015, and under the historical cost convention.

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 £.

Turnover

Turnover comprises rental, service charge and management charge income receivable during the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

125,960

Additions

14,233

At 31 March 2025

140,193

DEPRECIATION

At 1 April 2024

59,617

Charge for year

15,216

At 31 March 2025

74,833

NET BOOK VALUE

At 31 March 2025

65,360

At 31 March 2024

66,343

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

279,132

248,227

Between one and five years

480,323

681,148

759,455

929,375

6.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

12,418

11,151

Deferred

tax

£

Balance at 1 April 2024

11,151

Provided during year

1,267

Balance at 31 March 2025

12,418

7.

RESERVES

Income

and

expenditure

account

£

At 1 April 2024

186,631

Surplus for the year

37,725

At 31 March 2025

224,356

8.	RELATED PARTY DISCLOSURES

Professional fees of £48,000 (2024: £59,000) were charged by directors of the company. These fees were in respect of services carried out on an arms length basis.

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of its members who controlled the company by virtue of limitation by guarantee throughout the whole of the current year and the previous year.

10.	MEMBERS' LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.